Banks

Food

Tinubu budgets N1.6 trillion for agric bank – but will it fix food crisis?

Ini Ekott -
The Tinubu administration says it is injecting N1.6 trillion into the Bank of Agriculture...
Banks

CBN slaps new fees on Nigerians to revive ATMs, curb POS money agents

Olawale Afolabi -
The Central Bank of Nigeria (CBN) has announced new Automated Teller Machine (ATM) transaction...
Banks

UBA reports decline in 2024 half-year profit, announces interim dividend

Plu Team -
United Bank for Africa (UBA) has released its half-year financial results for the period...
Banks

Bank group opposes Nigerian govt’s “ill-timed” dollar windfall tax

Olawale Afolabi -
The Bank Directors Association of Nigeria (BDAN) has opposed a newly imposed 70% windfall...
Banks

Access Holdings Plc extends period for rights issue

Plu Team -
Access Holdings Plc, the parent company of Access Bank, has announced an extension to...
Banks

Access Bank to spend N24 billion on new branches in three cities

Plu Team -
Access Bank Plc will invest N52 billion in branch expansions and upgrades, including ATM...
Banks

Recapitalization: Access Holdings launches N365 billion rights issue

Plu Team -
Access Holdings Plc, the parent company of Access Bank, has officially commenced its anticipated...
Banks

CBN warns banks against rejecting older, smaller dollar bills

Glory Okah -
The Central Bank of Nigeria (CBN) has warned commercial banks and forex dealers against...
Banks

Fidelity Bank shares soar on capital raise, but rally falters

Plu Team -
Fidelity Bank's share price experienced a brief surge on Wednesday, closing at its highest...
Consumer

Explainer: What next for customers after Heritage Bank collapse?

Plu Team -
On Monday, the Central Bank of Nigeria (CBN) revoked the licence of Heritage Bank...
Banks

Heritage Bank fails as CBN revokes licence

Jane Kalu -
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank...
Banks

Dutch business owners see hell at bank over “Nigeria connection”

Plu Team -
Customers of a Dutch bank have lamented apparently excessive scrutiny by a bank in...
Banks

CBN appoints CEOs for Union, Keystone, Polaris Banks after takeover

Olawale Afolabi -
The Central Bank of Nigeria (CBN) has appointed new management teams to lead Union...
Banks

CBN sacks leadership of three banks sold under Emefiele

Plu Team -
In a major shakeup of the banking sector, the Central Bank of Nigeria (CBN)...
Banks

How Nigerian banks, African peers compare on six key indicators

Eric Ojo -
The European Investment Bank published its assessment of African banks last week, using its...
Banks

Bank of Agric fears N243m Kwara loan used for new wives

Olawale Afolabi -
The Bank of Agriculture (BOA) says it has been unable to recover N243 million...
Africa

African banks resilient despite challenges, EIB says

Eric Ojo -
African banks face climate risks due to lending to governments and the private sector...
Banks

Fidelity Bank takes over Union Bank UK

Plu Team -
Fidelity Bank says its completed a 100% takeover of Union Bank UK, after receiving...
Banks

Afreximbank looks to $200 million credit to Anambra state

Plu Team -
The African Export-Import Bank has signed an agreement with Anambra state to collaborate on...
Economy

CBN raises interest rate as Tinubu seeks lower borrowing costs

Plu Team -
The Central Bank of Nigeria raised its key lending rate by 25 basis points...
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