Ecobank retains retirement age, removes director tenure limit
Ecobank Transnational Incorporated has abolished the tenure limit for non-executive directors while retaining the mandatory retirement age of 70, following shareholder approval…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
BOI raises N250bn in debut domestic bond issuance
The Bank of Industry has successfully debuted in Nigeria’s domestic debt capital market with its inaugural N250 billion Series 1 Fixed Rate…
Banks filed 42,082 suspicious transaction reports to NFIU in 2025
Banks, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports to the Nigerian Financial Intelligence Unit in 2025, as financial…
NDIC begins payout to customers of 46 failed microfinance banks
The Nigeria Deposit Insurance Corporation has begun paying insured deposits to customers of 46 failed microfinance banks whose operating licences were revoked…
FirstHoldCo crosses historic N6tn market capitalisation miilestone
FirstHoldCo Plc has become the first Nigerian banking group to surpass a N6tn market capitalisation, marking a historic milestone for the country’s…
FirstHoldCo crosses ₦6trn market capitalisation in historic first
FirstHoldCo Plc has crossed the N6 trillion market capitalisation mark during the ongoing trading session today, August 3, 2026, becoming the first…
Globus Bank gets inaugural credit rating from Fitch
Globus Bank Limited, a national commercial bank in Nigeria, has been assigned its inaugural credit ratings by Fitch Ratings, one of the…
Bank customers’ complaints rise 11% as CBN orders ₦19.12bn refund
Bank customers filed more complaints against financial institutions in 2025, prompting the Central Bank of Nigeria to order significant refunds to affected…
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, up 21.92 per cent from N45.55 billion…
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 2026, the lowest level in seven months.…
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 institutions after being named Nigeria’s Best Bank…
Otedola acquires additional 706.13m First HoldCo shares
Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has increased his stake in the financial holding company after a related…