Nigerian banks have increased average prime lending rates in eight key sectors of the economy despite successive reductions in the Central Bank of Nigeria’s (CBN) benchmark interest rate, raising concerns
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First City Monument Bank (FCMB) has introduced new digital banking features and customer engagement initiatives as part of activities marking Customer Service Week 2026. The annual event, held from October
Liquidity in Nigeria’s banking system has surged to N8.84 trillion ahead of the settlement of the Central Bank of Nigeria’s latest Open Market Operation bills, raising expectations of a major
Guaranty Trust Holding Company Plc (GTCO) recorded N603.03 billion in Group profit before tax (PBT) in the first half of 2026, driven by growth in interest and trading income. The
Nigeria’s banking system recorded a sharp increase in liquidity in May 2026, with average net liquidity rising to ₦5.53tn from ₦4.72tn in April, as inflows from maturing Central Bank of
AG Mortgage Bank Plc increased its total assets by 48 per cent to N33.04 billion in 2025, from N22.37 billion recorded in the previous year, as the lender expanded its
Deposit Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, cutting their physical presence across the country by 8.8 per cent, data from
The Central Bank of Nigeria, CBN, has warned that a cybersecurity breach at one financial institution could spread through interconnected banks, fintechs and technology providers, potentially disrupting Nigeria’s wider financial
More than two years after Heritage Bank was shut down, aggrieved depositors say they are still struggling to access their legitimate funds, prompting fresh calls for immediate intervention by the
Dangote Cement has emerged as the most valuable company on the Nigerian Exchange Limited (NGX), overtaking MTN Nigeria as the equities market recorded a sharp 57.5 per cent increase in
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