The Central Bank of Nigeria (CBN) has directed banks to submit a comprehensive Capital Restoration Plan (CRP) as part of its efforts to strengthen the banking...
Central Bank of Nigeria (CBN) sold OMO bills worth N3.32 trillion to eligible investors, local banks, and foreign portfolio investors in June with the twin objectives...
Banks in Nigerian has activated cross border or foreign currency spending with the Naira debit card, series of update from top financial institutions have revealed. The...
Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, in the 2025 Top...
FirstBank, the West Africa premier financial institution and financial inclusion services provider has launched an advanced facial biometric technology on its mobile banking application- FirstMobile, along...
Foreign direct investment (FDI) inflows into Nigeria declined by 19% to $250 million in Q1 2025, compared to $310 million in the previous quarter. This is...
Africa Finance Corporation AFC, has said that the Republic of Angola has become its latest sovereign shareholder. This strategic equity investment further strengthens Angola’s partnership with...
Ecobank Nigeria, an affiliate of the leading pan-African banking group Ecobank Group, has been selected as one of five Nigerian banks to participate in the prestigious...
Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions to exit the Central...
First Bank HoldCo Plc said it spent more than ₦15 billion to protect its systems against criminals between January and June. The Chief Executive Officer (CEO) of First...
Nigerian banks are likely to face lower profitability, tighter capital buffers, and a potential uptick in non-performing loans (NPLs) as the country’s central bank begins a...
The gross balance in the external reserves reduced to $38.045 billion as data showed that the Central Bank of Nigeria (CBN) defended the local currency with...
Nigeria’s petrol import bill fell sharply in the first quarter of 2025, dropping to N1.76 trillion from N3.81 trillion recorded in the corresponding period of 2024....
The Managing Director and CEO of the Bank of Industry (BoI) Limited, Dr. Olasupo Olusi has said Youth-led industrialization, powered by innovation and entrepreneurship, can forge...
In 2024, five Nigerian banks generated a combined N1.695 trillion in pre-tax profit from their foreign subsidiaries, which accounted for 33.5% of their combined group profit...