The Chief Executive Officer of First Bank of Nigeria Limited, Mr Olusegun Alebiosu, has said the bank’s Digital Xperience Centre initiative is part of a broader effort to redefine how …
Tag:
NIGERIAN BANKS
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BankingCBNEconomyFinanceNewsNigeriaRegulation
Banks Intensify Capital Raise as CBN Strengthens Oversight and Pushes Basel III Transition
Nigeria’s Deposit Money Banks are increasing efforts to raise fresh capital as the Central Bank of Nigeria intensifies its oversight to build a stronger, more resilient financial system. The apex …
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BankingBusinessEconomyFinancePoliciesRegulationTechnology
Nigerian Banks Shift Focus to Fees, Digital Services as FX Windfall Falls
Nigerian banks are increasingly turning their attention to non-interest income as the extraordinary foreign exchange (FX) gains they enjoyed after the FX market harmonisation begin to fade. This trend was …
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BankingBusinessDebt Management,EconomyFinanceGOVERNMENT
AMCON Says It Has Repaid N3.6tn to CBN, Plans Workforce Cut as Debt Recovery Intensifies
The Asset Management Corporation of Nigeria has revealed that it has repaid about N3.6tn to the Central Bank of Nigeria since it was created in 2010 to stabilise the financial …
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BankingBusinessCapital MarketsCorporate EarningsEconomyFinance
Top Nigerian Banks Grow Savings Deposits to N33.24tn in Nine Months
The top ten banks in Nigeria have grown their savings deposits to N33.24 trillion in the first nine months of 2025, marking a 6.8 per cent increase from the N31.13 …
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BankingBusinessEconomyFinanceINVESTMENTMonetary Policy
Nigerian Banks Earn Over N14.7tn in Nine Months as High-Interest Rates Boost Sector Growth
Nigeria’s biggest banks have continued to enjoy massive earnings in 2025 as nine major financial institutions raked in a total of N14.72 trillion in interest income during the first nine …
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BankingBusinessEconomyFinanceNigeria
Abbey Mortgage Bank Gets ‘A3’ Rating from Agusto & Co., Reflecting Improved Financial Strength
Pan-African credit rating agency, Agusto & Co., has reaffirmed the ‘A3’ rating of Abbey Mortgage Bank with a stable outlook, citing the bank’s low leverage, consistent financial fundamentals, and improved …
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BankingBusinessCapital MarketEconomyFinanceINVESTMENTNigeria
FCMB Group’s N160bn Public Offer Aims to Build Stronger Financial Base
The Group Chief Executive Officer of FCMB Group Plc, Mr. Ladi Balogun, has said that the company’s ongoing N160 billion public offer will help strengthen its capital base and support …
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BankingEconomyFinanceINVESTMENTNigeriaTechnology
How Mobile Banking Apps Are Helping Nigerians Save, Invest, and Build Wealth Easily
In Nigeria today, mobile banking apps have become more than tools for sending and receiving money. They are now digital partners helping people save automatically, invest wisely, track expenses, access …
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BusinessCorporate EarningsEconomyEnergyINVESTMENTOil & Gas
Savannah Energy Records $185.2m Revenue in Nine Months, Expands Nigerian and East African Operations
British independent energy company, Savannah Energy Plc, has announced a total revenue of US$185.2 million for the nine months ending September 30, 2025 — representing a 9 per cent increase …
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