Category: Banking

Sterling Bank H1 pre-tax profit rises 22% to N55.53bn

Sterling Bank posted a pre-tax profit of N55.53 billion for the first half of 2026,...

Cash outside banks drop to ₦4.92trn, lowest in months

The amount of cash held outside Nigeria’s banking system declined to N4.92 trillion in June...

UBA wins Nigeria’s best retail, sustainability bank awards

United Bank for Africa Plc has strengthened its position as one of Africa’s leading financial...

Otedola acquires additional 706.13m First HoldCo shares

Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has increased his stake in...

CBN targets ₦600bn in treasury bills auction today

The Central Bank of Nigeria is targeting to raise N600 billion through a Nigerian Treasury...

Banks cut lending to oil, gas, ICT by ₦5.45trn

Deposit Money Banks slashed lending to oil and gas, information and communication technology and six...

Elumelu to retire as UBA Group chairman after 12-year board tenure

United Bank for Africa Plc has announced that its Group Chairman, Tony O. Elumelu, will...

FCMB shareholders approve ₦23.08bn dividend for 2025

FCMB Group Plc shareholders have approved a total dividend payout of N23.08 billion for the...

ICYMI: Providus, Unity banks begin operations after merger

Providus Bank and Unity Bank are set to commence operations as a single unified institution...

Providus, Unity Bank complete merger, launch unified banking operations

Providus Bank and Unity Bank are set to begin operations as a single unified institution...

Bank of Agriculture unveils roadmap to boost food security

The Bank of Agriculture has unveiled a strategic roadmap to modernise its operations, deepen grassroots...

Wema Bank secures ₦78.5bn EIB facility for SME empowerment

Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European...