The Nigerian Naira showed relative stability last week, despite marginal depreciation pressures from importers and fuel marketers, according to market analysts. Data from the Nigerian Foreign Exchange Market (NFEM) indicated...
Standard Chartered Bank Nigeria Limited has announced that it has met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦200 billion for national commercial banks, more than a...
Access Holdings Plc, the parent company of Access Bank, has disclosed that it spent approximately ₦179.1 billion ($109.6 million) to acquire the National Bank of Kenya...
The Central Bank of Nigeria (CBN) has released updated guidelines for the operations of agent banking in the country, aimed at strengthening the regulatory framework and...
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for a pragmatic and collaborative approach to regulating cryptocurrency, recognizing its rapid expansion and...
Five leading Nigerian banks—Zenith Bank, GTCO, Stanbic IBTC, UBA, and Wema Bank—collectively spent N126.8 billion on information technology in H1 2025, aiming to modernize operations and...
Four of Nigeria’s leading financial institutions—United Bank for Africa, Zenith Bank, Guaranty Trust Holding Company, and Stanbic IBTC Holdings—have rewarded shareholders with interim dividends amounting to...
Union Bank of Nigeria has finalized the full repayment of its Series 2 bond, valued at ₦6.31 billion, covering both principal and interest. The transaction was...
Nigerian banks have recorded a sharp rise in interest income, hitting ₦15.4 trillion in the past year, largely due to the Central Bank of Nigeria’s aggressive...
FCMB Group Plc has released its earnings and cash flow forecast for the fourth quarter ending December 31, 2025, projecting a robust profit after tax of...