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 from 3.7% the previous year, according to…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
GTCO to list shares on London stock exchange
Guaranty Trust Holding Company Plc has announced its plan to list ordinary shares on the London Stock Exchange as part of its…
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 million to fund the construction of a…
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 that the bank will employ 250,000 workers…
Fidelity Bank crosses N1tn market capitalisation after share price gain
Fidelity Bank’s market capitalisation has surpassed the N1 trillion mark following a 1.27% increase in its share price at the close of…
BOI unveils sustainable finance framework to drive inclusive, green growth
The Bank of Industry has unveiled its Sustainable Finance Framework, a strategic plan that underscores its dedication to promoting responsible, inclusive, and…
GTBank begins deduction of USSD charges from airtime
Guaranty Trust Bank has announced a change in its billing method for USSD transactions. Effective Wednesday, June 18, 2025, the N6.98 service…
Fidelity Bank denies N5b bribery allegation against CEO
Fidelity Bank has dismissed reports alleging that its Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, paid a N5 billion bribe to avoid…
FCMB reassures investors amid CBN dividend suspension, stricter oversight
FCMB Group Plc has moved to allay investor concerns following a new directive from the Central Bank of Nigeria, which halts dividend…
AfDB, BOI sign $75m deal to boost local healthcare manufacturing
The African Export-Import Bank and Nigeria’s Bank of Industry have signed a $75 million financing term sheet to support local manufacturers under…
Zenith wins 2025 best Nigerian bank award
Zenith Bank Plc has once again been named the “Best Bank in Nigeria” by Global Finance Magazine in its 2025 Best Bank…
Tony Elumelu acquires additional N43.9bn UBA shares in two days
The Chairman of United Bank for Africa, Tony Elumelu, has purchased shares worth N43.9 billion in the bank over two days. The…