Banking

Nigeria’s electronic payment transactions surged to N284.9 trillion in the first quarter of 2025, a 22% increase from N234.4 trillion...

First HoldCo Plc has vehemently denied media reports claiming a N323.4 billion share acquisition involving its chairman, Femi Otedola, or...

The Nigerian naira closed weaker last week, depreciating by 0.14% to settle at 1,532.34/$ at the Nigerian Foreign Exchange Market...

Five Nigerian fintech companies—PalmPay, Moniepoint, OPay, PiggyVest, and Interswitch—have secured spots on CNBC and Statista’s 2025 list of the World’s...

Eight Nigerian banks collectively recorded N156 billion in impairment charges for credit and financial assets in the first quarter of...

Ecobank Nigeria Limited has bolstered market confidence by repaying 50% of its $300 million 7.125% Senior Notes due February 2026,...

The Central Bank of Nigeria (CBN) has issued a directive requiring commercial banks to submit comprehensive capital restoration plans as...

Nigerian commercial banks have significantly boosted their deposits with the Central Bank of Nigeria (CBN), reaching N68.9 trillion in the...

Fitch Ratings has raised concerns over the growing risks faced by Nigerian banks, citing their heavy reliance on government debt...

Nigerian commercial banks have settled 95% of the N180 billion debt owed to telecom operators for Unstructured Supplementary Service Data...