Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has identified inflation as the greatest threat to Nigerians’ economic welfare, pledging that the CBN will work toward...
Shareholders of Nigeria’s leading banks are increasingly expressing concern as their contributions to the Asset Management Corporation of Nigeria (AMCON) have surged to N393.03 billion by...
The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of N46.6 billion as the initial tranche of liquidation dividends to depositors of the defunct Heritage...
Nigerian banks had a remarkable year in 2024, benefiting from a high-interest rate environment that significantly boosted their earnings from loans to customers. An analysis of...
Nigeria’s top banks saw a windfall in 2024, earning a total of ₦14.26 trillion from interest on loans—nearly double the figure recorded the year before. This...
The Central Bank of Nigeria (CBN) has highlighted rising loan defaults among Large Private Non-Financial Corporations (PNFCs) and Other Financial Corporations (OFCs) in the first quarter...
Sterling Bank has announced the removal of all charges on online transactions to alleviate the financial pressure on its customers. Abubakar Suleiman, the bank’s managing director...
Amid economic struggles, seven leading Nigerian banks collectively posted a profit of N4.2 trillion for the 2024 financial year. These banks—Zenith Bank, United Bank for Africa...
By Emeka Ejere A chattered accountant, Chief Blakey Ijezie, has described the impressive performance of Zenith Bank Plc as a testament to the vision, strategy, and...
Zenith Bank, one of Nigeria’s foremost financial institutions, achieved notable progress in 2024, significantly expanding its payment infrastructure in response to escalating competition from fintech disruptors....