Category: Banking

FG, Otedola not involved in Otudeko ₦323bn deal – FistHoldCo

The Federal Government of Nigeria and billionaire businessman, Femi Otedola, the Chairman of FirstHoldCo Plc,...

Fidelity Bank shares exchange in massive ₦24bn off-market deal

In a significant off-market transaction on Friday, a total of 1,140,866,892 units of Fidelity Bank...

Oba Otudeko exits First Holdco in N323.33bn stake deal

A significant shift has taken place at Nigeria’s oldest banking group, First Holdco Plc, with...

AfDB flags off $263.8m infrastructure project in Abia

The African Development Bank has launched a $263.8 million integrated infrastructure project in Abia State...

GTCO becomes first banking stock to cross N100 threshold

Guaranty Trust Holding Company made history on Wednesday, by becoming the first banking stock under...

GTCO eyes 15% dividend yield after London listing

Guaranty Trust Holding Company is setting ambitious performance targets following its landmark dual listing on...

CBN orders banks to submit capital restoration plans

The Central Bank of Nigeria has mandated banks to submit a Capital Restoration Plan as...

Five banks meet CBN capitalisation requirements ahead of 2026 deadline

At least five Nigerian banks have successfully met the Central Bank of Nigeria’s new capital...

Nigeria’s debt servicing hits 4.1% of GDP in 2024 — AfDB

Nigeria’s debt servicing burden climbed to 4.1% of its Gross Domestic Product in 2024, up...

GTCO to list shares on London stock exchange

Guaranty Trust Holding Company Plc has announced its plan to list ordinary shares on the...

ECOWAS Bank approves $100m for Lagos-Calabar coastal road construction

The Economic Community of West African States Bank for Investment and Development has approved $100...

Afreximbank to hire 250,000 for $5bn textile project in Nigeria 

The outgoing President and Chairman of the African Export-Import Bank, Prof. Benedict Oramah, has announced...