Banking Sector

Six of Nigeria’s largest listed banks paid shareholders a combined ₦1.27 trillion in dividends for 2025, while five profitable lenders received no approval to distribute profits. GTCO, Zenith Bank, Stanbic IBTC, Ecobank Transnational…

Femi Otedola has increased his investment in First HoldCo Plc with another major share purchase. Chairman of First HoldCo Plc, Femi Otedola, has acquired an additional 138 million shares in the financial services group, valued at about…

The fact that the digital mob spent a whole weekend "dragging a bank" for taking action against one of its staff who misused social media on-premise should leave no one in doubt that in the ever-evolving landscape of online communication,…

Chartered Institute of Bankers and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) have enjoined banks to further deepen and prioritize financial inclusion, women's empowerment and sustained growth…

First Holdco Plc recorded robust investor participation on the Nigerian Exchange (NGX) in the first half of 2026, with shares worth ₦122.19 billion traded between January and June. This underscores sustained market interest in the…

Guaranty Trust Bank (GTBank), the flagship banking subsidiary of Guaranty Trust Holding Company (GTCO) Plc, has been named Nigeria's Best Overall Performing Bank in The Banker magazine's Top 1000 World Banks Rankings 2026, reinforcing its…

FCMB Group has reported strong financial growth, driven by higher revenue, improved efficiency and stronger banking performance. FCMB Group Plc has recorded a significant rise in earnings, with Profit Before Tax (PBT)…

Nigerian banks continued to channel most of their lending to the oil and gas industry in 2025, while financing for manufacturers declined sharply. New data from the Central Bank of Nigeria (CBN) shows that bank lending in Nigeria…

The Central Bank of Nigeria (CBN) has reassigned its four Deputy Governors in a strategic leadership reshuffle designed to improve coordination and operational effectiveness. The CBN management reshuffle, which took effect on 1 June…

Fidelity Bank Plc delivered strong financial growth in the first quarter of 2026, driven by rising income, higher deposits, and stronger capital levels. Fidelity Bank Plc reported a sharp rise in earnings for Q1 2026, highlighting the…