Banking
First HoldCo Profit Plunges 93% to N44.98bn in 2025 on Massive Loan Cleanup
First HoldCo has reported a sharp drop in profitability for the 2025 financial year, posting a full-year profit of N44.98bn,...
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CBN to Issue Open Banking Implementation Roadmap Within Three Months
The Central Bank of Nigeria (CBN) will issue an implementation roadmap for Open Banking within the next three months as...
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UBA Appoints Loknath Mishra as CEO of UK Subsidiary
United Bank for Africa (UBA) Plc has appointed Loknath Mishra as the Chief Executive Officer of its United Kingdom subsidiary,...
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Access Bank Appoints Ifeyinwa Osime as New Board Chairman
Access Holdings Plc has announced the appointment of Mrs. Ifeyinwa Osime as the new Chairman of the Board of Directors...
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Otedola Defends ₦748bn Bad Loan Write-Off at First HoldCo, Says It’s a Strategic Clean-Up
Billionaire businessman and Chairman of First HoldCo Plc, the parent company of First Bank of Nigeria, Mr. Femi Otedola, has...
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Wema Bank Launches 2026 Valentine Campaign to Showcase New ALAT Digital Features
Wema Bank has launched its 2026 Valentine’s Day campaign as part of activities marking the rollout of new features on...
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CBN Hosts British International Investment Delegation to Strengthen Banking Sector
As part of efforts to deepen partnerships with development finance institutions (DFIs) and reinforce the nation’s banking sector, the Central...
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CBN Sets New ATM Standards, Orders One ATM per 5,000 Cards by 2028
The Central Bank of Nigeria (CBN) has issued new minimum standards for the deployment, operation, maintenance, and security of Automated...
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Nigerians Withdraw ₦36.34 Trillion from ATMs in H1 2025 Despite CBN Higher Fees
Nigerians continued to rely heavily on cash withdrawals in the first half of 2025, accessing ₦36.34 trillion via Automated Teller...
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Nigeria’s Banking Recapitalisation Enters Final Stretch as Lenders Split on Strategy
Nigeria’s banking sector is entering the decisive phase of its most ambitious recapitalisation exercise in more than a decade, with...
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