The Central Bank of Nigeria (CBN) has directed banks to submit a comprehensive Capital Restoration Plan (CRP) as part of its efforts…
Category:
Finance
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Central Bank of Nigeria (CBN) sold OMO bills worth N3.32 trillion to eligible investors, local banks, and foreign portfolio investors in June…
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Banks in Nigerian has activated cross border or foreign currency spending with the Naira debit card, series of update from top financial…
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Finance
Zenith Bank retains top spot as no 1 bank in Nigeria by tier-1 capital for the sixteenth consecutive year
Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year,…
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FirstBank, the West Africa premier financial institution and financial inclusion services provider has launched an advanced facial biometric technology on its mobile…
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Foreign direct investment (FDI) inflows into Nigeria declined by 19% to $250 million in Q1 2025, compared to $310 million in the…
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Africa Finance Corporation AFC, has said that the Republic of Angola has become its latest sovereign shareholder. This strategic equity investment further…
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Finance
Ecobank Nigeria selected for GET.Invest EDGE finance programme to boost green energy investment
Ecobank Nigeria, an affiliate of the leading pan-African banking group Ecobank Group, has been selected as one of five Nigerian banks to…
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Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions…
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First Bank HoldCo Plc said it spent more than ₦15 billion to protect its systems against criminals between January and June. The Chief Executive…
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Nigerian banks are likely to face lower profitability, tighter capital buffers, and a potential uptick in non-performing loans (NPLs) as the country’s…
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The gross balance in the external reserves reduced to $38.045 billion as data showed that the Central Bank of Nigeria (CBN) defended…
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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…
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Finance
Youth-led industrialization key to job creation, hints at launching Impact Fund, Youth Bank–Olusi
The Managing Director and CEO of the Bank of Industry (BoI) Limited, Dr. Olasupo Olusi has said Youth-led industrialization, powered by innovation…
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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…