AfDB: Nigerian Banks Lend Only 9.4% of GDP to Private Sector
The African Development Bank (AfDB) has revealed that banks in Nigeria lend the equivalent of only 9.4 per cent of ...
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Tag: #BankingSector
Supreme Court Clears Providus Bank-Unity Bank Merger, Ends Legal Battle
The Supreme Court has brought a definitive end to the legal dispute surrounding the merger of Providus Bank Limited and ...
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First HoldCo Signals Dividend Return After Strong Q1 Profit Growth
First HoldCo Plc has assured shareholders that dividend payments are expected to resume at the end of the current financial ...
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Banks’ Lending to Government Jumps by N15.66tn as Private Sector Credit Slows
Credit extended by Nigerian banks to the Federal Government increased by N15.66 trillion over the past year, significantly outpacing growth ...
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Stanbic IBTC Approves N804.5m Directors’ Remuneration for 2026
Shareholders of Stanbic IBTC Holdings Plc have approved directors’ remuneration of N804.5 million for the financial year ending 31 December ...
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First HoldCo Shareholders Approve N253bn Capital Raise to Hit N1tn Target
Shareholders of First HoldCo Plc have approved a capital raise of up to N253.099 billion as the group intensifies efforts ...
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NDIC Reaffirms Commitment to Strengthening Deposit Insurance Funds
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening its Deposit Insurance Funds as part of efforts ...
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CBN Mops Up Record ₦3.69tn in Aggressive OMO Auction to Tighten Liquidity
The Central Bank of Nigeria (CBN) conducted one of its most aggressive Open Market Operations auctions on May 21, 2026, ...
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Banks Cite High Risks, Weak Infrastructure For Low Agric Lending
Commercial banks have identified high risks, weak infrastructure and market uncertainties as major reasons limiting lending to Nigeria’s agricultural sector. ...
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Agusto & Co Upgrades Wema Bank Rating to ‘A’ on Strong Profit Growth and Capital Strength
Agusto & Co. has upgraded the long-term rating of Wema Bank Plc to ‘A’ from ‘A-’, while affirming its short-term ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.