CIBN Urges Banks to Build Capital Buffers Amid Shifts
CIBN Lagos chairman Akinwunmi Lawal urges banks to strengthen capital buffers, FX liquidity, and risk management amid changing economic landscape.
Category : Banking
Nigeria's Top Five Banks' Assets Hit N161.4 Trillion
Nigeria's five tier-one banks, known as FUGAZ, saw total assets rise to N161.4 trillion in 2025, a 12.9% increase from 2024, driven by high interest rates and forex gains.
Fidelity Bank Gross Earnings Rise 45.6% to N1.52 Trillion
Fidelity Bank reports 45.6% gross earnings growth to N1.52 trillion in 2025, driven by strong interest income and fee growth, with profit after tax reaching N242.4 billion.
VFD Group Q1 2026 PBT Hits N5.19 Billion
VFD Group Plc reports N5.19 billion PBT in Q1 2026, a 26% rise from N4.12 billion in Q1 2025, driven by strong investment income and disciplined capital deployment.
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Dash MFB Cuts Fees to N5, Eases CBN Card Charge Pain
Dash Microfinance Bank introduces a flat N5 transaction fee to shield customers from the CBN's N1,500 ATM card charge, making banking affordable for all Nigerians.
FirstHoldCo's Capital Rebound: Cleaning the Books for Growth
FirstHoldCo tackles legacy bad loans, boosts capital to N1 trillion, and posts strong Q1 2026 results, signaling resilience and market confidence.
Lagos Invites Entrepreneurs to Apply for N5 Million Grant
Lagos State government opens applications for CARES grant of up to N5 million for startups and small businesses to boost economic recovery.
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Nigerians Face New Electricity Tariff Hike as NERC Reviews Rates
Nigerians may soon pay more for electricity as NERC reviews tariffs amid rising generation, transmission, and gas costs, sparking concerns over living expenses.
CBN Warns States on Overdrafts, Urges Non-Interest Finance
The Central Bank of Nigeria urges state governments to reduce overdraft dependence and embrace fiscal discipline to support inflation targeting and non-interest finance governance.
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PSHSAN Launches Vivo Health to Boost Nigeria Healthcare
PSHSAN launches Vivo Health, a digital platform integrating AI telecare, emergency services, and healthcare marketplace to improve access and coordination in Nigeria's healthcare system.
UPDC REIT Unitholders Confirm SFS Capital as Fund Manager
UPDC REIT unitholders have confirmed SFS Capital as the new fund manager, aiming to boost portfolio performance and investor confidence through disciplined capital management.
FCMB Asset Management Renames Mutual Funds, Lowers Minimum
FCMB Asset Management gets SEC approval to rename legacy mutual funds and reduce minimum subscription units, making investing more accessible to Nigerians.
FCMBAM Rebrands Four Mutual Funds, Lowers Minimum Investment
FCMB Asset Management gets SEC approval to rename four mutual funds and reduce minimum subscription units, making investing more accessible.
Top Female Bank CEOs in Nigeria 2026: Women Leading Major Banks
In 2026, over ten women lead major Nigerian banks, including Adaora Umeoji, Nneka Onyeali-Ikpe, and Miriam Olusanya, driving profitability and innovation across the sector.
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FirstHoldCo targets N1 trillion capital base at AGM
FirstHoldCo Plc seeks shareholders' approval to raise N253 billion to achieve N1 trillion capital base, signaling aggressive expansion and balance sheet fortification.
Custodian Investment revenue up 48%, pre-tax profit N77bn
Custodian Investment Plc grew total revenue by 48% to N225bn in 2025, with pre-tax profit rising 24% to N77bn. Shareholders approved N2.75 dividend per share.
11 Plc Shareholders Approve N9.50 Dividend, Ogedegbe Vows Growth
Shareholders of 11 Plc approved N9.50 dividend per share at the 48th AGM in Abuja. Acting MD Osagie Ogedegbe pledged growth, operational excellence, and diversification.
NGX Targets 30 Million Retail Investors for Liquidity
NGX managing director Jude Chiemeka announced a target of 30 million retail investors to deepen liquidity and broaden participation in Nigeria's capital market.
Cardoso Urges Directors on Post-Recapitalisation Stability
CBN Governor Olayemi Cardoso emphasizes directors' role in post-recapitalisation stability, highlighting governance, confidence, and sustainable growth.
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Access ARM Pensions Revenue Hits N42.4bn, N2 Dividend
Access ARM Pensions grows gross revenue by 50.4% to N42.4bn in 2025, profit after tax up 48% to N16.1bn, declares N2 dividend per share.
FCMBAM Secures SEC Approval for Rebrand, Lower Minimum Units
FCMB Asset Management receives SEC approval to rebrand four mutual funds and reduce minimum subscription units, aiming to boost retail investor participation in Nigeria's capital market.
MTN Nigeria Approves N168m Pay for Chairman, Directors
MTN Nigeria shareholders approve new remuneration for chairman and non-executive directors, with Chairman Ndukwe earning N167.98 million. Also, staff earning N2.4m monthly nearly doubles.
Nigerian Passport Rank Rises but Visa-Free Access Drops to 44
Nigeria's passport climbs to 89th globally but visa-free destinations fall to 44. Seychelles and Mauritius lead Africa's strongest passports in 2026.
Transcorp Group Pays Shareholders N20 Billion
Transcorp Group paid N20.3 billion dividends at N2 per share, as chairman Tony Elumelu announces strong 2025 performance and growth plans.
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Beta Glass Plc Posts N37.54bn Revenue in Q1 2026
Beta Glass Plc reported N37.54 billion revenue in Q1 2026, down 8.81% year-on-year, but maintained profitability and strengthened equity to N104.12 billion.
CBN Tightens Bank Governance After Recapitalisation
CBN shifts focus to governance after N4.65 trillion recapitalisation, enforcing stricter board oversight and risk management to ensure funds boost the real economy.
FCMB Offers N5 Million Zero-Interest Loans to Female Entrepreneurs
FCMB launches 2026 SheVentures programme with zero-interest loans up to N5 million for women-owned businesses, plus advisory and capacity-building support.
Wema Bank Unveils 5for5 Season Five for Digital Growth
Wema Bank launches Season Five of its 5for5 Reward Scheme with over ₦170 million in rewards, targeting youth, women, and mass market segments to promote digital banking adoption.
ACCI Forum Mobilises Non-Interest Funding for Women
The Abuja Chamber of Commerce and Industry held a forum on May 8, 2026, to mobilise non-interest funding for women-owned businesses, addressing financing gaps and promoting inclusive access to finance for female entrepreneurs in Nigeria.
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Banks Disrupt Airtime Lending with Cheaper USSD Loans
Nigerian banks now offer cheaper airtime and data loans via USSD after telcos suspended services. GTBank leads with 2.95% interest, reshaping the N400 billion market.
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