Category: Banking

CBN confirms 30 banks meet recapitalisation targets

Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the...

Private sector credit drops to N75.24tn in January 2026

Credit extended by Nigerian banks to the private sector fell to N75.24 trillion in January...

Defunct Heritage Bank depositors beg Tinubu, Cardoso for full refund

Depositors of the defunct Heritage Bank, whose funds remain trapped following the institution’s liquidation, have...

NGX posts N15.55b profit before tax for 2025

NGX Group Plc has announced its audited financial results for the year ended December 2025,...

Zenith Bank disowns fake investment scheme video falsely featuring Jim Ovia

Zenith Bank Plc has dissociated itself from a “doctored video” and altered images circulating online...

CBN fines banks ₦10m for using unaccredited cheque printers

The Central Bank of Nigeria has imposed a N10 million fine and ordered the withdrawal...

Banks attract $16.78b capital inflows in first nine months 2025

Banks in Nigeria saw total capital inflows of $16.78 billion between January and September 2025,...

W’African central banks advance bloc’s currency talks

Governors of central banks from 12 West African countries, including the Governor of the Central...

NDIC vows stronger action against debtors of failed banks

The Nigeria Deposit Insurance Corporation has pledged to deploy the strengthened enforcement powers conferred by...

NDIC reimburses defunct bank depositors within 72 hours

The Nigeria Deposit Insurance Corporation said it has settled or reimbursed depositors of defunct banks...

Ecobank posts strong 2025 performance, PBT up 30%

Ecobank Transnational Incorporated posted a robust performance for the year ended December 31, 2025, with...

Access Bank appoints Ifeyinwa Osime as board chairman

Access Bank Plc has named Mrs. Ifeyinwa Osime as Chairman of its Board of Directors,...