BANKING SECTOR

The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, marking the fourth time this year that the rate has remained unchanged. The …

Nedbank says it has completed its major restructuring plan for the organisation, but the South African banking group warned that its performance for 2025 will likely remain weak. The update …

Access Holdings Plc, the parent company of Access Bank, has announced plans to raise about N40bn through a private placement as part of its ongoing capital-raising programme. The move is …

Stanbic IBTC Holdings Plc has reported a profit after tax of N278.48 billion for the nine months ending September 30, 2025, marking a 52 per cent increase from N182.87 billion …

United Bank for Africa Plc (UBA) has announced its financial performance for the first half of 2025, showing a profit after tax of N335.53bn. This represents a 6.06 per cent …

Nigeria will require a minimum annual growth rate of 21.9 percent at an exchange rate of N1,500 per dollar, or a stronger exchange rate with slower growth, to reach a …

Fidelity Bank Plc has returned to the elite group of Nigerian companies with a market capitalisation of over N1 trillion. This came after the bank’s share price rose by 5.3 …

The Chartered Institute of Bankers of Nigeria (CIBN) has announced that its 2025 Annual General Meeting (AGM) will take place on Saturday, May 17, and will adopt a hybrid format …

Stanbic IBTC Bank has been awarded the 2025 Bank of the Year Customer Service Award at the prestigious Industry Summit/Awards 6.0, which took place in Lagos. This recognition comes after …

Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of N300.4 billion for the first quarter of 2025, reinforcing its reputation as one of Nigeria’s most resilient …