Category: Banking

Zenith Bank posts N63bn loss after N1.10tn boom

Zenith Bank Plc absorbed the impact of a sharp reversal in asset trading gains, which...

Afreximbank net income hit $1.2bn in 2025

Afreximbank reported a strong financial performance for the year ended December 31, 2025, with net...

CBN plans major recapitalisation of development finance institutions

The Central Bank of Nigeria has disclosed plans to recapitalise and restructure development finance institutions...

Zenith Bank workforce grows 14% in 2025

Zenith Bank Plc saw its workforce expand by 14 per cent in 2025, with staff...

Zenith Bank completes acquisition of Kenya’s Paramount Bank

Zenith Bank has completed its acquisition of Paramount Bank in Kenya, marking a major step...

Zenith Bank posts N1.26tn pre-tax profit in 2025

Zenith Bank Plc has announced its audited results for 2025, posting a pre-tax profit of...

CBN forensic audit exposes irregularities in Union Bank takeover

Fresh details have emerged regarding the circumstances that led to the regulatory intervention in Union...

Wema Bank reaffirms support for Nigeria’s MSMEs

Wema Bank has reiterated its commitment to advancing Nigeria’s small business sector, highlighting entrepreneurs as...

Polaris Bank restricts VULTe access for four-day system upgrade

Polaris Bank has informed customers that access to its digital platform, VULTe, will be restricted...

Wema Bank posts N221.8bn audited 2025 profit before tax

Wema Bank Plc has posted a profit before tax of N221.8 billion in its audited...

CBN sets April 30 deadline for banks’ stress test reports

Nigeria’s lenders are under pressure to meet an April 30 deadline set by the Central...

Flutterwave secures Nigerian banking license in bold expansion move

Flutterwave, Africa’s leading payments technology company, has secured a Nigerian banking license, enabling it to...