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...
PremiumTrust Bank has officially opened a new branch in Osogbo, the capital of Osun State, marking a significant step in the bank’s strategic expansion across Nigeria’s...
The marine and blue economy, creative industries, hospitality, and real estate sectors are among those expected to benefit most from the ongoing banking sector recapitalisation, according...