Category: Banking

S’African Standard Bank in talks to buy stake in OPay

South Africa’s Standard Bank Group is in talks to acquire a stake in Nigerian fintech...

Otedola acquires 147.74m First HoldCo shares for N20.7bn

Femi Otedola has increased his stake in First HoldCo Plc after acquiring an additional 147.74...

Ecobank retains retirement age, removes director tenure limit

Ecobank Transnational Incorporated has abolished the tenure limit for non-executive directors while retaining the mandatory...

BOI raises N250bn in debut domestic bond issuance

The Bank of Industry has successfully debuted in Nigeria’s domestic debt capital market with its...

Banks filed 42,082 suspicious transaction reports to NFIU in 2025

Banks, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports to the Nigerian...

NDIC begins payout to customers of 46 failed microfinance banks

The Nigeria Deposit Insurance Corporation has begun paying insured deposits to customers of 46 failed...

FirstHoldCo crosses historic N6tn market capitalisation miilestone

FirstHoldCo Plc has become the first Nigerian banking group to surpass a N6tn market capitalisation,...

FirstHoldCo crosses ₦6trn market capitalisation in historic first

FirstHoldCo Plc has crossed the N6 trillion market capitalisation mark during the ongoing trading session...

Globus Bank gets inaugural credit rating from Fitch

Globus Bank Limited, a national commercial bank in Nigeria, has been assigned its inaugural credit...

Bank customers’ complaints rise 11% as CBN orders ₦19.12bn refund

Bank customers filed more complaints against financial institutions in 2025, prompting the Central Bank of...

Sterling Bank H1 pre-tax profit rises 22% to N55.53bn

Sterling Bank posted a pre-tax profit of N55.53 billion for the first half of 2026,...

Cash outside banks drop to ₦4.92trn, lowest in months

The amount of cash held outside Nigeria’s banking system declined to N4.92 trillion in June...