CBN sacks leadership of three banks sold under Emefiele
In a major shakeup of the banking sector, the Central Bank of Nigeria (CBN) has dismissed the boards of directors of four banks: Union...
How Nigerian banks, African peers compare on six key indicators
The European Investment Bank published its assessment of African banks last week, using its "Financing in Africa Survey 2023," to provide insights into the...
Bank of Agric fears N243m Kwara loan used for new wives
The Bank of Agriculture (BOA) says it has been unable to recover N243 million given as loans to 150 people in Kwara state.
The loans...
African banks resilient despite challenges, EIB says
African banks face climate risks due to lending to governments and the private sector but have overall shown resilience in the face of challenges,...
Fidelity Bank takes over Union Bank UK
Fidelity Bank says its completed a 100% takeover of Union Bank UK, after receiving approvals from regulatory bodies.
“…. the bank is pleased to announced...