Traders at United Bank for Africa (UBA) have projected that cautious investor sentiment will continue to dominate the Nigerian fixed income market this week as attention shifts to Monday’s bond …
Banking
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BankingCapital MarketEconomyINVESTMENTNewsNigeria
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BankingBusinessCapital MarketEconomyFinanceINVESTMENT
Otedola Acquires Over N2bn Shares in First HoldCo to Consolidate Stake
First HoldCo Plc has announced insider share dealings involving its Chairman, Mr. Olufemi Otedola, and his affiliated company, Calvados Global Services Limited, with the joint acquisition of 64.8 million shares …
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Access BankBankingBusiness GrowthCentral BankingFinance & ServicesGTCOStanbic IBTCZenith Bank
Banks That Have Fully Met the New CBN Minimum Capital Base (Access, Zenith, Stanbic IBTC, Wema, Lotus, Gtbank)
The Central Bank of Nigeria’s directive on the recapitalisation of banks has continued to shape discussions in the financial sector. Since the announcement, attention has been focused on which banks …
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BankingBusinessEconomyFinanceInflationMonetary Policy
CBN Cuts Interest Rate to 27% as OPS Says Relief Still Too Small
The Central Bank of Nigeria has reduced the country’s benchmark interest rate to 27 per cent, marking the first cut in 2025 after three consecutive pauses. The move signals a …
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BankingBusinessCapital MarketEconomyINVESTMENTMarketsNews
Nigerian Stock Market Loses N322bn as Bearish Trend Persists
The Nigerian Exchange (NGX) on Tuesday extended its bearish run as investors retreated from select equities, wiping out N322 billion from the total market value. At the close of trading, …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENT
GTCO Reports N600.9bn Half-Year Profit Before Tax Despite Absence of Extraordinary Gains
Guaranty Trust Holding Company Plc, GTCO, has announced a profit before tax of N600.9bn for the half-year ended June 30, 2025, reflecting strong resilience in its operations even though the …
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BankingBusinessFinancial InclusionGhana EconomyPolicy & RegulationRegional Security
Bank of Ghana Engages Religious Leaders on Non-Interest Banking Framework
The Bank of Ghana (BoG) has met with Christian and Muslim leaders in Accra to discuss Non-Interest Banking and Finance (NIBF) as part of its ongoing consultations to create a …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENTNigeria
Zenith Bank Half-Year Profit Hits N532bn, Gross Earnings Rise to N2.5tn
Zenith Bank Plc has reported strong financial results for the first half of 2025, growing its gross earnings to N2.5 trillion as of June 30, 2025. This represents a 20 …
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BankingCapital MarketCorporate GovernanceDebt Management,FinanceINVESTMENT
Union Bank Completes N6.31bn Bond Redemption
Union Bank of Nigeria has successfully completed the full redemption of its Series 2 bond, paying both principal and coupon totalling N6.31 billion on September 3, 2025. The repayment marks …
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BankingEntertainmentEventsLagos NewsPartnershipsSportsSustainability
FirstBank Partners E1 Lagos GP, Nigeria’s First All-Electric Powerboat Racing Championship
First Bank of Nigeria Limited has announced its partnership with the E1 Lagos GP, the country’s first-ever all-electric powerboat racing championship scheduled to hold in October 2025. The bank, in …