Category: Banking

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...

Banks’ bad loans rise as CBN ends COVID-19 relief

Nigeria’s banking sector recorded an increase in bad loans in 2025 following the withdrawal of...

CBN projects bullish capital market in 2026 amid bank racapitalisation

The Central Bank of Nigeria has forecast that Nigeria’s capital market will sustain a bullish...

Sterling CEO Yemi Odubiyi buys ₦578.1m shares via investment firm

Sterling Financial Holdings Company Plc has announced that Seven Degrees North Limited, a private investment...

Nigerian banks not at risk of shutdown, ACAMB confirms

The Association of Corporate Communication and Marketing Professionals in Banks has reassured Nigerians that no...

CBN orders banks to configure ATMs, PoS for foreign cards

In a move aimed at ensuring uninterrupted and efficient transactions for users of foreign-issued payment...

Banks brace for forced mergers amid recapitalisation deadline

Nigeria’s banking industry is projected to enter a forced round of mergers and acquisitions in...