Category: Banking

Fidelity Bank posts N92.4bn Q1 profit

Fidelity Bank Plc has reported a pretax profit of N92.4 billion for the first quarter...

Fidelity Bank names veteran banker Ososuakpor as non-executive director

Fidelity Bank Plc has appointed seasoned banking professional Jonathan Oniovosa Ososuakpor as a Non-Executive Director...

Banks lose trillions yearly to CBN’s high CRR policy — Report

Nigeria’s banking sector may be losing trillions of naira annually due to the Central Bank...

First HoldCo elevates Omodayo-Owotuga to executive director role

FirstBank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr Julius B....

Four banks publish 321,181 dormant accounts in compliance with CBN directive

Four banks have disclosed details of at least 321,181 dormant accounts in compliance with a...

CBN raises concern over governance gaps in non-interest financial institutions

The Central Bank of Nigeria has cautioned non-interest financial institutions against governance and compliance risks...

Alternative Bank boosts local pharma production with non-interest funding

Against the backdrop of Africa’s heavy dependence on imported medicines, The Alternative Bank has intensified...

FirstHoldCo seeks ₦253bn raise to hit ₦1trn capital base

FirstHoldCo Plc, the parent entity of Nigeria’s oldest commercial lender (First Bank), is moving to...

FUGAZ banks report ₦2.365trn bad loans in 2025

Five listed Nigerian Tier-1 banks, also known as FUGAZ have released their full-year audited 2025...

FCMB appoints ex-Lafarge CEO Adepeju Adebajo to board

FCMB Group Plc has appointed former Lafarge Africa Chief Executive Officer, Mrs. Adepeju Adebajo, as...

Optimus Bank profit rose 69.94% in 2025

Optimus Bank Limited, a national bank and one of Nigeria’s emerging digital-driven banking frontrunners, has...

Banks post mixed 2025 results amid profit decline

Nigeria’s largest banks delivered a mixed but ultimately reassuring set of financial results in 2025,...