The Board of Directors of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced the appointment of Nigerian-born finance expert, Ayo Adepoju, as a Group Executive …
Nigerian Banking Sector
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AfricaBanking, Finance & InvestmentBusinessFinance & ServicesLeadershipNigeria
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTTechnology
Coronation Merchant Bank Records 303% Profit Surge in 2024, Citing Strategic Repositioning and Value Creation
Coronation Merchant Bank has posted a remarkable 303 per cent rise in Profit After Tax (PAT) for the 2024 financial year, attributing the leap to deliberate strategic repositioning, operational discipline, …
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Banking, Finance & InvestmentBusinessDigital EconomyEconomyFinance & ServicesINVESTMENTNigeria
Signature Bank Bounces Back with N768 Million Profit in 2024, Records 374% Revenue Growth
Signature Bank Limited has made a major comeback in 2024, posting a profit before tax of N768.05 million, a sharp turnaround from the loss of N2.87 billion it recorded in …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
AMCON Moves to Recover Over ₦4tn in Debts with New Strategy and Stronger Partnerships
The Asset Management Corporation of Nigeria (AMCON) has introduced a fresh strategy aimed at recovering more than ₦4 trillion in outstanding debts owed by various obligors across Nigeria. This new …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesGOVERNMENTNewsNigeria
CIBN Says Nigerian Banks Are Safe and Stable, Urges Public to Ignore Rumours
The Chartered Institute of Bankers of Nigeria (CIBN) has assured Nigerians that the country’s banking sector is strong, stable, and not in danger. This reassurance came after some media reports …
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AgricultureBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
AFEX, GTBank End N17.8 Billion Debt Battle in Court
AFEX Commodities Exchange Limited and Guaranty Trust Bank (GTBank) have finally settled their long-running legal battle over a debt of N17.8 billion. The two parties reached an agreement after months …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyINVESTMENTMarketsNigeriaPolicies
Wema Bank Grows Profit by 270%, Posts N35.8bn in Q1 2025 Amid Strong Interest Income and Cost Control
Wema Bank Plc has reported a strong profit performance in the first quarter of 2025, with profit after tax jumping by 270 per cent to N35.8 billion. This figure is …
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Banking, Finance & InvestmentBusinessBusiness InsightsEconomyMarketsNigeria
Access Holdings Records N182.8bn Profit in Q1 2025 Despite Fair Value Losses
Access Holdings Plc has posted a profit after tax of ₦182.8 billion for the first quarter of 2025, reflecting a 14.7 percent increase compared to the ₦159.3 billion reported in …
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Banking, Finance & InvestmentBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyMarketsNigeria
First HoldCo Plc Sees N37bn Drop in Profit for Q1 2025 as Fair Value Loss Hits Earnings
First HoldCo Plc has recorded a drop in its profit for the first quarter of 2025, with total profit falling to N171.1 billion from N208.1 billion posted in the same …
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Banking, Finance & InvestmentBusinessEconomyNigeria
Rand Merchant Bank Nigeria receives West Africa 2024 award
Rand Merchant Bank Nigeria Limited (RMB Nigeria), a top player in Nigeria’s financial sector, has once again shown why it is considered a powerhouse in corporate and investment banking across …