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Two Nigerian banks acquire Kenyan lenders in push to deepen continental footprints
Zenith Bank acquires Kenyan lender after meeting CBN recapitalisation target
Zenith Bank secures approval to acquire Paramount Bank in Kenya, enhancing its East African expansion while ensuring no competition risk in the banking sector.
How I disbursed over N1.6 billion allegedly on Emefiele’s instruction, witness opens up
A witness has revealed how over N1.6 billion was allegedly disbursed on instructions from Godwin Emefiele, the former Central Bank of Nigeria (CBN) governor.
CBN raises alarm over new banking fraud trends as digital payments surge in Nigeria
The Central Bank of Nigeria warns of emerging fraud risks in digital banking as losses decline amid stronger controls, swift responses and improved security.
Stock market rebounds as market capitalisation rises by N93 billion
Nigerian stocks closed higher on Tuesday as renewed buying lifted key equities, pushing market capitalisation up and reversing losses from the previous session.
Banks issue update on card maintenance fee deduction
Nigerian banks have begun deducting 7.5% VAT on card maintenance and selected electronic banking fees, while deposits and transfers remain exempt.
Banking, insurance stocks power NGX to weekly gain
The Nigerian Exchange ended the week higher, with the ASI up 2.36%, market capitalisation rising to N106.35 trillion, led by Financial Services stocks.
Zenith Bank Plc shares listed as top pick ahead of GTCO and ACCESSCORP
A study by Renaissance Capital Africa (Rencap) has provided insights into the market valuation of banks in Nigeria, with Zenith Bank Plc emerging as the top pick.
First Bank, UBA, Access, other banks send messages to customers after successful recapitalisation
Nigerian banks, including FirstBank, UBA, Access, Zenith, and GTB, have met CBN recapitalisation requirements, sending confidence to investors ahead of deadline.
Three Banks to merge, 23 scale CBN’s recapitalisation hurdle ahead of March deadline
Nigeria’s banking sector strengthens as 23 banks meet CBN’s recapitalisation requirements, while mergers loom for non-compliant banks ahead of the 2026 deadline.
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