EFCC warns banks against loans without credible collateral
The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral,…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Zenith Bank posts N63bn loss after N1.10tn boom
Zenith Bank Plc absorbed the impact of a sharp reversal in asset trading gains, which fell from N1.10 trillion in the previous…
Afreximbank net income hit $1.2bn in 2025
Afreximbank reported a strong financial performance for the year ended December 31, 2025, with net income rising 19 per cent to $1.2…
CBN plans major recapitalisation of development finance institutions
The Central Bank of Nigeria has disclosed plans to recapitalise and restructure development finance institutions as part of efforts to address a…
Zenith Bank workforce grows 14% in 2025
Zenith Bank Plc saw its workforce expand by 14 per cent in 2025, with staff numbers rising from 7,704 in 2024 to…
Zenith Bank completes acquisition of Kenya’s Paramount Bank
Zenith Bank has completed its acquisition of Paramount Bank in Kenya, marking a major step in its expansion strategy across Africa. The…
Zenith Bank posts N1.26tn pre-tax profit in 2025
Zenith Bank Plc has announced its audited results for 2025, posting a pre-tax profit of N1.26 trillion, down 4.78 per cent from…
CBN forensic audit exposes irregularities in Union Bank takeover
Fresh details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria, with a forensic audit…
Wema Bank reaffirms support for Nigeria’s MSMEs
Wema Bank has reiterated its commitment to advancing Nigeria’s small business sector, highlighting entrepreneurs as the key drivers of the country’s sustainable…
Polaris Bank restricts VULTe access for four-day system upgrade
Polaris Bank has informed customers that access to its digital platform, VULTe, will be restricted for four days due to a planned…
Wema Bank posts N221.8bn audited 2025 profit before tax
Wema Bank Plc has posted a profit before tax of N221.8 billion in its audited 2025 financial results, slightly below the earlier…
CBN sets April 30 deadline for banks’ stress test reports
Nigeria’s lenders are under pressure to meet an April 30 deadline set by the Central Bank of Nigeria to submit Board-approved Risk-Based…