Category: Banking

Banks cut lending to oil, gas, ICT by ₦5.45trn

Deposit Money Banks slashed lending to oil and gas, information and communication technology and six...

Elumelu to retire as UBA Group chairman after 12-year board tenure

United Bank for Africa Plc has announced that its Group Chairman, Tony O. Elumelu, will...

FCMB shareholders approve ₦23.08bn dividend for 2025

FCMB Group Plc shareholders have approved a total dividend payout of N23.08 billion for the...

ICYMI: Providus, Unity banks begin operations after merger

Providus Bank and Unity Bank are set to commence operations as a single unified institution...

Providus, Unity Bank complete merger, launch unified banking operations

Providus Bank and Unity Bank are set to begin operations as a single unified institution...

Bank of Agriculture unveils roadmap to boost food security

The Bank of Agriculture has unveiled a strategic roadmap to modernise its operations, deepen grassroots...

Wema Bank secures ₦78.5bn EIB facility for SME empowerment

Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European...

Banks lose ₦134.48bn to fraud within five years — Report

Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid...

ATM, e-banking charges push banks’ earnings to N224.69bn

Nigerian banks earned N224.69bn from electronic banking services and ATM/card-related charges in the first quarter...

FCMB profit jumps 80% to ₦202bn in 2025

FCMB Group Plc reported a profit before tax of N202.100 billion for the year ended...

Sovereign Trust remits ₦1.5bn capital deposit to CBN

Sovereign Trust Insurance Plc has announced the successful remittance of a N1.5 billion statutory capital...

Interswitch, Temenos partner to expand digital banking in Africa

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, and Temenos (SIX:...