Category: Banking

Banks earn ₦209bn from account maintenance charges

Nigerian banks generated a combined N209.18bn from account maintenance charges in the first quarter of...

Abbey Mortgage Bank gets CBN’s approval for commercial banking expansion

Abbey Mortgage Bank Plc, one of Nigeria’s oldest primary mortgage institutions, has received approval from...

Supreme court clears Unity Bank, Providus merger

The Nigerian Supreme Court has approved the merger between Unity Bank and Providus Bank, removing...

CBN mops up ₦5.42tn from fresh OMO auction

The Central Bank of Nigeria absorbed N1.945 trillion from the financial system through its Open...

Bad loans hit 8% after CBN’s regulatory forbearance withdrawal

Bad loans in Nigeria’s banking sector increased to 8.03 per cent in January 2026, seven...

FUGAZ banks record ₦399.2bn profit from UK operations in 2025

Four of the five FUGAZ banks operating licensed banking subsidiaries in the United Kingdom (Access,...

Fidelity Bank posts N92.4bn Q1 profit

Fidelity Bank Plc has reported a pretax profit of N92.4 billion for the first quarter...

Fidelity Bank names veteran banker Ososuakpor as non-executive director

Fidelity Bank Plc has appointed seasoned banking professional Jonathan Oniovosa Ososuakpor as a Non-Executive Director...

Banks lose trillions yearly to CBN’s high CRR policy — Report

Nigeria’s banking sector may be losing trillions of naira annually due to the Central Bank...

First HoldCo elevates Omodayo-Owotuga to executive director role

FirstBank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr Julius B....

Four banks publish 321,181 dormant accounts in compliance with CBN directive

Four banks have disclosed details of at least 321,181 dormant accounts in compliance with a...

CBN raises concern over governance gaps in non-interest financial institutions

The Central Bank of Nigeria has cautioned non-interest financial institutions against governance and compliance risks...