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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Tag: #BankingSector
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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CBN Survey Shows Higher Default Rates on Secured Loans in Q3 2025
A new survey by the Central Bank of Nigeria (CBN) has revealed that Nigerian banks recorded increased default rates on ...
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CBN Reports Decline in Banks’ Capital Adequacy Ratio to 12% After Withdrawal of Regulatory Forbearance
The Central Bank of Nigeria (CBN) has reported a decline in the Capital Adequacy Ratio (CAR) of the banking industry ...
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Seven Nigerian Banks Remit N674.68bn in Taxes in H1 2025
Seven of Nigeria’s leading banks collectively paid N674.68bn in taxes to the Federal Government in the first half of 2025, ...
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Nigeria’s Prime Lending Rate Rises to 18.88% in August Despite MPR Reduction
The average prime lending rate in Nigeria’s banking sector rose to 18.88 per cent in August 2025, up from 18.54 ...
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NDIC, CIBN Strengthen Partnership to Tackle Emerging Banking Risks
The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has called ...
Read moreCBN Monitors Banks’ Recapitalisation Compliance Ahead of Deadline
The Central Bank of Nigeria (CBN) has said it is closely monitoring banks to ensure strict compliance with the recapitalisation ...
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Central Bank of Nigeria (CBN) Reports N18.04 Trillion Borrowed by Banks in October 2024 Amid Liquidity Crisis
Financial data released by the Central Bank of Nigeria (CBN) reveals that deposit money banks and merchant banks in the ...
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Nigerian Stock Market Sustains Positive Momentum Driven by Q3 Earnings
The Nigerian stock market last week on a positive note, maintaining its upward momentum as investors reacted positively to third-quarter ...
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