Bank recapitalisation: GTCO to launch N400bn public offer
Guaranty Trust Holding Company, GTCO Plc, has concluded to raise N400 billion in new capital as part of the Central Bank of…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Fidelity Bank plan issuing additional N78.35bn worth of shares
Fidelity Bank will issue an additional 8.2 billion shares, valued at approximately N78.35 billion, in anticipation of an oversubscription to its joint…
Bank directors buy N39bn shares amid sector recapitalisation
As the banking sector’s recapitalisation accelerates, some bank executives are beginning to bet on their companies by raising their stakes, according to…
Otedola raises stakes to 11.64% in FBN holdings
The Chairman of FBN Holdings, Femi Tedola has raised his ownership stake in the business once more, solidifying his status as the…
Stockbrokers propose tech adoption for bank recapitalisation
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to use innovative technologies throughout the bank recapitalisation process to…
Fidelity Bank launch N127bn capital raise
Fidelity Bank Plc launched its N127.10 billion rights issue and public offer on Thursday, becoming the first bank to go public after…
CIBN, ACAMB plan to boost customer satisfaction
The Chartered Institute of Bankers of Nigeria and the Association of Corporate Affairs Managers of Banks are prepared to enhance customer experience…
UBA hits N2trn revenue, raises N607.69bn post-tax profit
United Bank of Africa has announced a 143 per cent increase to N2.08 trillion in its gross revenue for the 2023 financial…
First Bank manager steals N650m from 35 customers
Alex omenye A bank manager from a branch of First Bank in Osogbo, Mr. Adeniyi Talabi, has been apprehended by the Osun…
Banks halt collection of processing deposit fees
Some of the major banks have stopped the collection of processing fees on deposits in line with the Central Bank of Nigeria’s…
Olufowose appointed as new Chairman of First Bank board
First Bank Nigeria Limited has appointed Ebenezer Olufowose to succeed Tunde Hassan-Odukale as the chairman of the board of the bank. This…
FCMB’s digital revenue rises to N60bn
FCMB Group Plc has disclosed its digital revenue increased by 62.4 per cent to N60.3 billion in 2023 compared to N37.1 billion…