Banking

Nigerian banks increased the supply of secured, unsecured and corporate loans during the second quarter of 2026, while loan default rates fell across all major lending categories, according to the latest Central Bank of Nigeria (CBN) Credit…

The Central Bank of Nigeria (CBN) spent ₦464 billion on currency issuance in 2025, almost doubling its expenditure from the previous year, according to the bank’s latest financial statements. The increase highlights the growing cost of…

FCMB Group Plc has reported a strong financial performance for the first half of 2026, posting a 99 per cent year-on-year increase in profit before tax to ₦157.3 billion, up from ₦79.1 billion in the corresponding period of 2025. The result…

FirstHoldCo Plc has posted a strong financial performance for the half year ended June 30, 2026, with profit before tax (PBT) rising by 83.5 per cent to N653.5 billion, compared with N356.15 billion recorded in the corresponding period of…

United Bank for Africa (UBA) will usher in a new leadership era when Tony Elumelu retires as Group Chairman on 21 August 2026 after completing the maximum tenure allowed under CBN guidelines. The retirement follows the Central Bank of…

Shareholders of FCMB Group Plc have approved a total dividend payment of ₦23.08 billion for the 2025 financial year during the company’s 13th Annual General Meeting (AGM) held in Lagos. The meeting, attended both physically and…

Zenith Bank expands financial access in Delta State with a new branch in Osubi, Okpe Local Government Area. Zenith Bank Plc has strengthened its presence in Delta State with the opening of a new branch in Osubi, Okpe Local Government…

The Central Bank of Nigeria (CBN) has issued an exposure draft of new guidelines aimed at strengthening oversight of closely linked financial institutions and curbing regulatory arbitrage within the Nigerian financial system. The…

In an obvious sign of investor apathy, foreign portfolio investors cut down their stake in Nigeria's equities market by more than 66 per cent in the half-year period that ended June 30. From $901.3 million invested in the corresponding…

Professionals in Nigeria’s banking and finance sector have been called the under-appreciated superheroes holding the economy of the country together through their daily activities. According to Jide Aboderin, of DIV Ltd, “bankers and…