DBN unlocks N512bn credit guarantees for over 100,000 MSMEs
THE Development Bank of Nigeria (DBN) has provided partial credit guarantees worth N512 billion to support more than 100,000 micro,…
AFC, Sterling One Foundation, unite to advance reforestation agenda
IN a landmark step towards environmental sustainability and climate resilience, Sterling One Foundation, in partnership with Africa Finance Corporation (AFC),…
Investors key into longer-duration instruments despite rising funding costs
NIGERIAN investors are showing a clear preference for longer-tenor money market instruments amid climbing funding costs, in a move that…
GTCO records lowest LDR at 24 percent in Q1 2026, signalling cautious lending stance
GUARANTY Trust Holding Company (GTCO) posted the lowest Loan-to-Deposit Ratio (LDR) among major Nigerian banks in the first quarter of…
We build trust through relationship banking, not transactions —Anele
In a volatile macroeconomic environment, banks that endure are those whose customers can openly discuss challenges before they become defaults,…
Banks’ real credit growth remains muted —S&P
Global ratings agency S&P Global Ratings has said Nigerian banks are expected to maintain resilient financial performance, despite persistent macroeconomic…
Nigerian Banks trade below book value despite strong profits —Chapel Hill Denham
Nigeria’s biggest banks are trading at much lower valuations than their African peers, even though they deliver similar or better…
Seven banks book N175.1 trillion balance sheet in Q1
Nigeria’s banking sector has reached a new milestone, with seven financial institutions reporting combined total assets of approximately N175.1 trillion…
MPC Members raise alarm over excess liquidity from fiscal spending, election pressures
Members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) have expressed serious concern over rising excess liquidity in…
FirstBank, Visa target Nigeria’s affluent with launch of signature Premium Card
First Bank of Nigeria Limited has partnered with Visa Inc. to launch the Visa Signature card, a premium offering targeted…
FX infractions: EFCC clears over 1,000 bank accounts, prunes investigations to 16
The Economic and Financial Crimes Commission (EFCC) has cleared more than 1,000 bank accounts earlier flagged for alleged foreign exchange…
UBA total assets rise 9.4% to N33.2tn, repositions balance sheet for sustainable growth
United Bank for Africa (UBA) Plc has reported a 9.4 percent increase in total assets to N33.2 trillion for the…
NESG identifies constraints to impact of bank recapitalization
The Nigerian Economic Summit Group (NESG) has warned that the Central Bank of Nigeria’s (CBN) bank recapitalisation programme, though timely…
Investors shun mid-tenor instruments as CBN sells N1.9trn OMO bills
The Central Bank of Nigeria (CBN) sold N1.9 trillion worth of Open Market Operations (OMO) bills at its latest auction,…
CBN harps on Investment in Data Infrastructure to boost Raw Materials development
•Bags award for support to Financial Journalism The Central Bank of Nigeria (CBN) has called for increased investment in data…
Why Zenith Bank emerged Most Interesting Stock on the NGX
Zenith Bank Plc has become one of the most watched and rewarding stocks on the Nigerian Exchange Limited (NGX), after…
FCMB, BoI support Sam Pharmaceuticals WHO-Standard-Factory in Nigeria
Sam Pharmaceutical Limited has opened a new manufacturing facility in southwestern Nigeria, expanding local drug production capacity as the country…
CBN, NFIU deepen collaboration on financial intelligence, AML/CFT framework
The Central Bank of Nigeria (CBN) and the Nigeria Financial Intelligence Unit (NFIU) have intensified collaboration to strengthen financial intelligence…
Naira gains weekly despite slight Friday slip as reserves dip, oil prices fall
THE naira posted a weekly appreciation against the United States dollar across both the official and parallel foreign exchange markets,…
NOFR: CBN eyes more capital inflows, predictable lending rates for businesses, households
THE Central Bank of Nigeria (CBN) has launched a new benchmark rate called the Nigerian Overnight Financing Rate (NOFR). This…
