Category: Banking

US banks report strong Q4 2025 earnings amid loan growth

Major US banks reported robust earnings in the fourth quarter of 2025, supported by growing...

Nigerians to pay VAT on bank transfers, USSD from January 19

Nigerians will begin paying a 7.5 per cent Value Added Tax on selected banking services...

Oil marketers confirm stable supply from Dangote Refinery

Oil marketers have disclosed that they are sourcing their petrol supplies from Dangote Refinery and...

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,...

Banking, consumer stocks signal strong market prospects

Consumer goods and banking stocks have been identified as major drivers of emerging opportunities in...

BVN enrolments hit 67.8m by December 2025

The Nigeria Inter-Bank Settlement System has reported a significant increase in Bank Verification Number enrolments,...

UBA crosses N500bn threshold after successful rights offer

United Bank for Africa has raised N178.3 billion through a rights issue, pushing its capital...

Ecobank repays bondholders ahead of 2026 maturity

Ecobank Nigeria Limited has completed the repayment of bondholders who validly tendered their notes ahead...

Fidelity Bank raises ₦259bn in private share placement

Fidelity Bank Plc has successfully raised ₦259 billion through a Private Placement of ordinary shares,...

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...

Banks close 229 branches amid rapid PoS expansion

Nigeria’s banking sector recorded a significant contraction in its physical presence over the past year...

Fidelity Bank appoints Amaka Onwughalu as new board chairman

Fidelity Bank Plc has announced a change in its board leadership following the completion of...