Oil marketers confirm stable supply from Dangote Refinery
Oil marketers have disclosed that they are sourcing their petrol supplies from Dangote Refinery and Petrochemical, emphasizing that there are currently no…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Wema Bank launches upgraded ALAT digital banking platform
Wema Bank, Nigeria’s most innovative bank and the pioneer of Africa’s first fully digital bank, ALAT, has unveiled an upgraded version of…
Banking, consumer stocks signal strong market prospects
Consumer goods and banking stocks have been identified as major drivers of emerging opportunities in the Nigerian capital market amid improving macroeconomic…
BVN enrolments hit 67.8m by December 2025
The Nigeria Inter-Bank Settlement System has reported a significant increase in Bank Verification Number enrolments, revealing that registrations climbed by 6.8 per…
UBA crosses N500bn threshold after successful rights offer
United Bank for Africa has raised N178.3 billion through a rights issue, pushing its capital base above the N500 billion threshold required…
Ecobank repays bondholders ahead of 2026 maturity
Ecobank Nigeria Limited has completed the repayment of bondholders who validly tendered their notes ahead of the February 2026 maturity. The bank…
Fidelity Bank raises ₦259bn in private share placement
Fidelity Bank Plc has successfully raised ₦259 billion through a Private Placement of ordinary shares, strengthening its capital base as it moves…
FirstBank meets CBN’s N500bn capital requirement ahead of deadline
First HoldCo Plc says First Bank of Nigeria Limited has met the Central Bank of Nigeria’s N500 billion minimum regulatory capital requirement,…
Banks close 229 branches amid rapid PoS expansion
Nigeria’s banking sector recorded a significant contraction in its physical presence over the past year as Deposit Money Banks shut down 229…
Fidelity Bank appoints Amaka Onwughalu as new board chairman
Fidelity Bank Plc has announced a change in its board leadership following the completion of the tenure of its Chairman, Mr. Mustafa…
Banks’ bad loans rise as CBN ends COVID-19 relief
Nigeria’s banking sector recorded an increase in bad loans in 2025 following the withdrawal of regulatory forbearance granted by the Central Bank…
CBN projects bullish capital market in 2026 amid bank racapitalisation
The Central Bank of Nigeria has forecast that Nigeria’s capital market will sustain a bullish trend in 2026, buoyed by the ongoing…