Category: Banking

Five banks meet CBN capitalisation requirements ahead of 2026 deadline

At least five Nigerian banks have successfully met the Central Bank of Nigeria’s new capital...

Nigeria’s debt servicing hits 4.1% of GDP in 2024 — AfDB

Nigeria’s debt servicing burden climbed to 4.1% of its Gross Domestic Product in 2024, up...

GTCO to list shares on London stock exchange

Guaranty Trust Holding Company Plc has announced its plan to list ordinary shares on the...

ECOWAS Bank approves $100m for Lagos-Calabar coastal road construction

The Economic Community of West African States Bank for Investment and Development has approved $100...

Afreximbank to hire 250,000 for $5bn textile project in Nigeria 

The outgoing President and Chairman of the African Export-Import Bank, Prof. Benedict Oramah, has announced...

Fidelity Bank crosses N1tn market capitalisation after share price gain

Fidelity Bank’s market capitalisation has surpassed the N1 trillion mark following a 1.27% increase in...

BOI unveils sustainable finance framework to drive inclusive, green growth

The Bank of Industry has unveiled its Sustainable Finance Framework, a strategic plan that underscores...

GTBank begins deduction of USSD charges from airtime 

Guaranty Trust Bank has announced a change in its billing method for USSD transactions. Effective...

Fidelity Bank denies N5b bribery allegation against CEO

Fidelity Bank has dismissed reports alleging that its Managing Director and CEO, Dr. Nneka Onyeali-Ikpe,...

FCMB reassures investors amid CBN dividend suspension, stricter oversight

FCMB Group Plc has moved to allay investor concerns following a new directive from the...

AfDB, BOI sign $75m deal to boost local healthcare manufacturing

The African Export-Import Bank and Nigeria’s Bank of Industry have signed a $75 million financing...

Zenith wins 2025 best Nigerian bank award

Zenith Bank Plc has once again been named the “Best Bank in Nigeria” by Global...

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