Category: Banking

First Abu Dhabi Bank plans Lagos office for Africa expansion

First Abu Dhabi Bank has revealed plans to establish a representative office in Lagos as...

Otedola justifies massive legacy loan charge despite profit hit

Group Chairman of First Bank Holdings, Femi Otedola, has justified the company’s one-off N748bn charge...

Wema Bank hit N222bn 2025 pre-tax profit, up by 116%

Wema Bank Plc has published its unaudited financial results for the year ended December 31,...

Fitch withdraws ratings on Afreximbank over commercial reasons

Fitch Ratings has withdrawn its ratings on the African Export-Import Bank (Afreximbank) for commercial reasons,...

Islamic Development Bank to fund $163m solar electrification in Niger

The Islamic Development Bank will finance a $163 million solar electrification initiative in Niger State,...

Access Bank to host second Africa trade conference in South Africa

Access Bank Plc will host the second Africa Trade Conference in Cape Town, South Africa....

GTCO raises N10bn via fully subscribed private placement

Guaranty Trust Holding Company Plc has successfully concluded its N10 billion private placement, with all...

Banks record surge in household, corporate loan defaults

Banks in Nigeria recorded an increase in loan defaults by households and corporates in the...

20 banks hit capitalisation requirements ahead of deadline – Cardoso

The Central Bank of Nigeria says about 20 deposit money banks have already met the...

US banks report strong Q4 2025 earnings amid loan growth

Major US banks reported robust earnings in the fourth quarter of 2025, supported by growing...

Nigerians to pay VAT on bank transfers, USSD from January 19

Nigerians will begin paying a 7.5 per cent Value Added Tax on selected banking services...

Oil marketers confirm stable supply from Dangote Refinery

Oil marketers have disclosed that they are sourcing their petrol supplies from Dangote Refinery and...