Zenith Bank
Tension mounts as two major Nigerian banks explore merger talks ahead of the CBN's recapitalisation deadline, amid $706 million in fresh foreign investments.
Three Nigerian banks lag behind in meeting new CBN capital requirements ahead of the 2026 deadline, as 30 banks strengthen their capital for economic growth.
CBN mandates stress tests for banks starting April 2026, treating insider loans as defaults for transparency, aiming for resilience in Nigeria’s banking system.
Nigerian banks have released updated interest rates, showing wide differences between prime and maximum rates after CBN MPC meeting held in Abuja.
MultiChoice halts annual price hikes for DStv and GOtv subscribers; Lebara enters Nigeria’s telecom sector, while petrol prices soar 13% in 48 hours.
The Nigerian equities market gained 0.57% as buying interest lifted the All-Share Index to 196,621.96 points, raising market capitalisation to N126.20 trillion.
The Nigerian Exchange Limited ended the week lower, as the All-Share Index fell 1.11%, market capitalisation declined, and trading activity weakened.
SunTrust Bank Nigeria surpasses N50bn capital requirement ahead of deadline, highlighting investor confidence and potential mergers in Nigeria's financial sector.
The Nigerian stock market declined for a 2nd straight session as profit-taking in banking and industrial stocks pushed the benchmark index into negative territory.
Zenith Bank
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