CBN raises concern over governance gaps in non-interest financial institutions
The Central Bank of Nigeria has cautioned non-interest financial institutions against governance and compliance risks that could weaken public confidence and threaten…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Alternative Bank boosts local pharma production with non-interest funding
Against the backdrop of Africa’s heavy dependence on imported medicines, The Alternative Bank has intensified efforts to support local pharmaceutical manufacturing in…
FirstHoldCo seeks ₦253bn raise to hit ₦1trn capital base
FirstHoldCo Plc, the parent entity of Nigeria’s oldest commercial lender (First Bank), is moving to double the regulatory capital ceiling for international…
FUGAZ banks report ₦2.365trn bad loans in 2025
Five listed Nigerian Tier-1 banks, also known as FUGAZ have released their full-year audited 2025 results for the period ended December 2025,…
FCMB appoints ex-Lafarge CEO Adepeju Adebajo to board
FCMB Group Plc has appointed former Lafarge Africa Chief Executive Officer, Mrs. Adepeju Adebajo, as an Independent Non-Executive Director on its Board.…
Optimus Bank profit rose 69.94% in 2025
Optimus Bank Limited, a national bank and one of Nigeria’s emerging digital-driven banking frontrunners, has released its audited financial results for the…
Banks post mixed 2025 results amid profit decline
Nigeria’s largest banks delivered a mixed but ultimately reassuring set of financial results in 2025, with balance sheet expansion and revenue growth…
Access Holdings explains non-payment of 2025 dividend to shareholders
Access Holdings Plc has reaffirmed its commitment to long term shareholder value and sustainable returns, following a strong performance in the 2025…
Zenith Bank appoints Mustafa Bello to replace Jim Ovia
Zenith Bank Plc has appointed Engr. Mustafa Bello as its new Chairman, following the retirement of its founder and long-serving chairman, Jim…
Zenith Bank founder Jim Ovia steps down as chairman
Zenith Bank Plc has announced the retirement of its Founder and Group Chairman, Jim Ovia, following the expiration of his tenure in…
Wema Bank posts N72.56bn pre-tax profit, up 76% in Q1
Wema Bank Plc has published its unaudited results for the first quarter ended March 31, 2026, showing a pre-tax profit of N72.56…
UBA releases unaudited Q1 2026 financial results
United Bank for Africa Plc has published its unaudited group financial results for the first quarter ended March 31, 2026. The results…