Finance
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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FCMB Secures National Banking Licence After Capital Raise as Recapitalisation Deadline Nears
FCMB Group Plc has secured a national banking licence for its flagship subsidiary, First City Monument Bank, following the completion...
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CBN Says 20 Banks Meet New Capital Requirements, Shifts Focus to Credit Growth
The Central Bank of Nigeria (CBN) has disclosed that about 20 deposit money banks have already met the new capital...
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Wema Bank Unveils Upgraded ALAT App with Voice Banking, Contactless Payments
Wema Bank has raised the bar in Nigeria’s digital banking landscape with the launch of an upgraded version of its...
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FairMoney MD Calls for Bank–Fintech Harmony to Deepen Financial Inclusion, Achieve $1tn GDP Goal
The Managing Director of FairMoney Microfinance Bank, Henry Obiekea, has said that stronger structural harmony between conventional banks and fintech...
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NDIC Declares N24.3bn Second Liquidation Dividend for Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of N24.3 billion for depositors of the defunct...
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CBN Warns Bank Recapitalisation May Crowd Out Non-Bank Issuers in Capital Market
The Central Bank of Nigeria (CBN) has cautioned that the ongoing banking sector recapitalisation could heighten concentration risk in Nigeria’s...
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UBA Raises ₦157.84bn as Rights Issue Records Full Subscription
United Bank for Africa (UBA) Plc has successfully closed its rights issue, raising ₦157.84 billion after the offer was fully...
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Ecobank Nigeria Fully Repays Bondholders Ahead of February 2026 Maturity
Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the February 2026 maturity date, underscoring...
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First Bank Meets CBN’s N500bn Capital Requirement Ahead of 2026 Deadline
One of Nigeria’s leading financial institutions, First Holdco Plc, has confirmed that its banking subsidiary, First Bank of Nigeria Limited,...
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