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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …