Access Bank appoints Ifeyinwa Osime as board chairman
Access Bank Plc has named Mrs. Ifeyinwa Osime as Chairman of its Board of Directors, succeeding Mr. Paul Usoro, SAN, who retired…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
First Abu Dhabi Bank plans Lagos office for Africa expansion
First Abu Dhabi Bank has revealed plans to establish a representative office in Lagos as part of its expansion into sub-Saharan Africa.…
Otedola justifies massive legacy loan charge despite profit hit
Group Chairman of First Bank Holdings, Femi Otedola, has justified the company’s one-off N748bn charge to write off legacy bad loans, calling…
Wema Bank hit N222bn 2025 pre-tax profit, up by 116%
Wema Bank Plc has published its unaudited financial results for the year ended December 31, 2025, posting a pre-tax profit of N222.07…
Fitch withdraws ratings on Afreximbank over commercial reasons
Fitch Ratings has withdrawn its ratings on the African Export-Import Bank (Afreximbank) for commercial reasons, saying it will no longer provide ratings…
Islamic Development Bank to fund $163m solar electrification in Niger
The Islamic Development Bank will finance a $163 million solar electrification initiative in Niger State, providing communities with an alternative source of…
Access Bank to host second Africa trade conference in South Africa
Access Bank Plc will host the second Africa Trade Conference in Cape Town, South Africa. The bank announced on Sunday that the…
GTCO raises N10bn via fully subscribed private placement
Guaranty Trust Holding Company Plc has successfully concluded its N10 billion private placement, with all 125 million ordinary shares offered fully subscribed…
Banks record surge in household, corporate loan defaults
Banks in Nigeria recorded an increase in loan defaults by households and corporates in the fourth quarter of 2025, reflecting growing repayment…
20 banks hit capitalisation requirements ahead of deadline – Cardoso
The Central Bank of Nigeria says about 20 deposit money banks have already met the new capital thresholds set under the ongoing…
US banks report strong Q4 2025 earnings amid loan growth
Major US banks reported robust earnings in the fourth quarter of 2025, supported by growing demand from borrowers, a development analysts say…
Nigerians to pay VAT on bank transfers, USSD from January 19
Nigerians will begin paying a 7.5 per cent Value Added Tax on selected banking services from January 19, 2026, following a new…