Zenith Bank shareholders express frustration over CBN fines and rising taxes, warning that hefty penalties reduce dividends and strain investments.
Nigerian banks raise SMS alert charges to N6 per message from May 1, 2025, following NCC-approved telecom tariff hikes.
UBA plans to raise ₦144.8 billion in additional capital to meet CBN’s new requirements and expand operations into France and Saudi Arabia.
Nigerian banks generated N8.41 trillion from customer loans in 2024, marking a 106% increase driven by CBN’s tight monetary policy and higher lending rates.
First Holdco Plc reports N781.88 billion pre-tax profit for 2024, with 125% growth. Femi Otedola increases shareholding to 11.8%. Gross earnings hit N3.21 trillion.
GTCO leads Nigeria’s banking sector in Q1 2025 with the highest share price, while Zenith Bank follows closely.
FirstBank launches another Digital Xperience Center with fully automated systems for improved and efficient banking.
Economic Commission for Africa (ECA) urges reforms to strengthen African multilateral development banks (MDBs) to boost long-term resource mobilization
FirstBank is set to build Nigeria’s tallest 40-story green-certified head office building in Eko Atlantic City, Lagos
Central Bank of Nigeria (CBN) has urged financial institutions to adopt risk-based compliance frameworks to combat money laundering
