FBN Holdings Plc (trading as FirstHoldco) experienced a significant market rally this week, with its stock price surging over 20% in two consecutive sessions amid reports...
United Bank for Africa (UBA) Plc has announced plans to raise over N157 billion through a rights issue, as disclosed in a notification by the Nigerian...
Sterling Bank Plc has unveiled plans to raise up to $400 million in capital through various financing options, including debt instruments and equity offerings. The decision...
Ecobank Nigeria Limited has repaid half of its $300 million Eurobond ahead of the scheduled February 2026 maturity date. The bank confirmed this in a statement,...
Zenith Bank Plc has maintained its position as Nigeria’s number one bank by Tier-1 Capital for the 16th straight year, according to the 2025 edition of...
A significant shift in Nigeria’s financial ecosystem has been unveiled, with new data revealing a sharp decline in Automated Teller Machine (ATM) usage while Point of...
A recent report by Renaissance Capital Africa has revealed that six Nigerian banks collectively hold approximately $3.52 billion in loans under regulatory forbearance. This development follows...
Nigeria’s banking sector is grappling with a severe liquidity crunch following the Central Bank of Nigeria’s imposition of a uniform 50 percent Cash Reserve Ratio (CRR)....
FCMB Group Plc has reaffirmed its commitment to maintaining dividend payouts to shareholders in 2025 and beyond, despite recent regulatory changes from the Central Bank of...
Nigerian banks may face lower profits and heightened capital stress as the Central Bank of Nigeria (CBN) moves to end the regulatory forbearance measures introduced during...