Tag: Banking Sector

Billionaire investor and businessman Femi Otedola has increased his ownership in First HoldCo Plc to 20.42% after acquiring approximately 672.9 ...

The Federal Government is seeking to raise N200 billion in capital for the establishment of a new Cooperative Bank, a ...

Sterling HoldCo has secured shareholder approval for a $400 million capital raise, marking a significant step in the company’s efforts ...

The Central Bank of Nigeria (CBN) has directed banks, payment service providers, and other regulated financial institutions to ensure that ...

The Central Bank of Nigeria (CBN) has introduced a new benchmark rate framework designed to enhance transparency, improve price discovery, ...

The Central Bank of Nigeria (CBN) has introduced the Nigeria Overnight Financing Rate (NOFR), a new benchmark interest rate designed ...

The Central Bank of Nigeria (CBN) has unveiled a new proposal aimed at strengthening the banking sector by limiting financial ...

Nigeria’s economy is showing growing resilience against global economic headwinds following a series of reforms across fiscal policy, foreign exchange ...

Nigeria’s banking sector continued to channel the largest share of its loans to the oil and gas industry in 2025, ...

Nigeria’s oil and gas industry recorded a remarkable increase in foreign capital inflows during the first quarter of 2026, but ...