Nigeria recorded a strong rise in foreign capital inflows in the first quarter of 2025, attracting a total of $5.64 billion. The latest capital importation report released by the National …
Nigerian Banking Sector
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BankingBusinessEconomyForeign AffairsGOVERNMENTGovernment PolicyINVESTMENT
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BankingBusinessEconomyFinanceWomen Empowerment
UBA Secures N5bn BOI Loan to Support Women-Owned and MSME Businesses
United Bank for Africa Plc (UBA) has obtained a N5bn loan facility from the Bank of Industry (BOI) to support the growth of micro, small, and medium enterprises (MSMEs) in …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
Union Bank Promotes 24% of Staff in Largest Promotion Exercise in a Decade
Union Bank of Nigeria Plc has promoted about 24 percent of its workforce following the conclusion of its annual staff assessment and performance evaluation exercise. The bank made this known …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesGOVERNMENTNigeriaZenith Bank
Zenith Bank Named Nigeria’s Best Bank at Euromoney Awards 2025
Zenith Bank Plc has been named Nigeria’s Best Bank for 2025 by the prestigious Euromoney Awards for Excellence. The award was presented to the bank at The Peninsula Hotel in …
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomy
Ecobank Repays Half of $300m Eurobond Early, Shows Strong Financial Resilience
Ecobank Nigeria has proven its financial strength and improved liquidity position by repaying 50% of its $300 million Eurobond nearly seven months ahead of the scheduled maturity in February 2026. …
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Banking, Finance & InvestmentFinance & ServicesINVESTMENTNigeria
Jaiz Bank Doubles Profit to N23.48bn in 2024
Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has recorded an impressive financial performance for the year ended December 31, 2024, posting a 109 per cent increase in its profit after …
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Nigeria’s biggest bank by market value, Guaranty Trust Holding Company Plc (GTCO), is making bold moves to expand its international reach. The banking group has announced plans to list its …
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Banking, Finance & InvestmentBusinessBusiness InsightsFinance & ServicesMarketsNewsZenith Bank
Zenith Bank to Exit CBN Forbearance Arrangement by June 2025
Zenith Bank Plc has announced plans to fully exit the Central Bank of Nigeria’s (CBN) regulatory forbearance programme by June 30, 2025. This was revealed in a statement sent to …
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Banking, Finance & InvestmentBusinessGOVERNMENTLeadershipMarkets
Femi Otedola Set to Gain Full Control of First Holdco as Otudeko, Odukale Set to Exit.
The prolonged leadership and ownership tussle at First Holdco Plc, the parent company of Nigeria’s oldest financial institution, First Bank of Nigeria, is drawing to a historic close. Multiple sources …
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ASO Savings & Loans Plc has posted a modest profit after tax of ₦89 million for the financial year ended December 31, 2023, a slight improvement from the ₦85 million …