Stanbic IBTC profit rises 35% to ₦531.88bn in nine months
Stanbic IBTC Holdings Plc grew its group profit before tax by 35.05 per cent year-on-year to ₦531.88 billion for the nine months…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
BOI targets three million jobs, N1.85tn lending by 2027
The Bank of Industry has set a target of creating and sustaining three million jobs and increasing its annual lending to N1.85tn…
Abbey Bank to start commercial banking operations in Q4
Abbey Bank Plc, formerly Abbey Mortgage Bank Plc, has announced plans to commence commercial banking operations in the fourth quarter of 2026…
Nigeria’s investment fund assets near N10tn mark
Nigeria’s collective investment scheme assets have climbed to N9.885tn, nearing the N10tn milestone, with money market funds accounting for N6.718tn, representing 67.96…
JPMorgan closer to Nigerian banking licence with N50bn deposit
JPMorgan Chase & Co., the largest bank in the United States by assets, has deposited N50bn ($38m) with the Central Bank of…
Fidelity Bank re-elects Onwughalu as chairman, approves board changes
Fidelity Bank Plc has re-elected Amaka Onwughalu as its chairman and approved the appointment of Jonathan Ososuakpor as a Non-Executive Director at…
OPay gets approval for secondary NGX listing after NYSE debut
OPay has obtained board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited once it completes its planned…
Zenith Bank posts ₦637.6bn H1 profit before tax, pays ₦1.50 dividend
Zenith Bank Plc has released its audited results for the half-year ended June 30, 2026, reporting a 1.91 per cent year-on-year rise…
CBN makes ₦17.51trn through September OMO auctions
The Central Bank of Nigeria sold approximately ₦17.51 trillion in Open Market Operations bills in September 2026, while about ₦10.89 trillion in…
Actor Yemi Solade calls out GTBank over ₦18,912 service charge deduction
Veteran Nollywood actor Yemi Solade has accused Guaranty Trust Bank of overcharging him, after N18,912 was deducted from his account as a…
Access Holdings appoints ex-AfDB risk officer as executive director
Access Holdings Plc has announced the appointment of Mr. Ifedayo Olaniyi Orimoloye as Executive Director, Risk Management, of its flagship subsidiary, Access…
Banks close 476 branches in three years
Deposit Money Banks in Nigeria shut 476 branches and cash centres between 2022 and 2025, cutting their physical presence by 8.8 per…