Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
NIGERIAN BANKS
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
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Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeria
Sterling Financial Holdings Grows Profit by 102%, Declares ₦43.68bn
Sterling Financial Holdings Company Plc (SFHC) has posted a remarkable 102% rise in its profit after tax for the 2024 financial year, recording ₦43.68 billion, up from ₦21.58 billion in …
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BusinessCyber securityFinance & ServicesInnovationNigeriaSecurityTechnology
DevSecFlow Unveils SECOYA, Intelligent Cybersecurity Platform
Cybersecurity company DevSecFlow has launched its advanced security operations platform, SECOYA, to help financial institutions and businesses in highly regulated sectors respond smarter and faster to growing cyberthreats. The announcement …
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Access BankBanking, Finance & InvestmentBusinessEconomyFinance & ServicesZenith Bank
Zenith, Access Lead Banks That Have Met CBN’s N500bn Capital Requirement
A new report by Proshare has revealed that only two Tier 1 banks — Zenith Bank and Access Holdings — have crossed the N500 billion share capital and share premium …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeriaPolicies
Nigerian Banks’ Restricted Deposits with CBN Hit ₦18.82tn as Tight Monetary Policies Persist
Seven big Nigerian banks have reported a combined ₦18.82 trillion in restricted deposits with the Central Bank of Nigeria (CBN) as at March 31, 2025. This is a 7.3 percent …
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Banking, Finance & InvestmentBusinessBusiness InsightsFinance & ServicesGOVERNMENTLeadershipNigeria
Parallex Bank Appoints Rachel Akhuetie as Non-Executive Director
Parallex Bank Limited has announced the appointment of Mrs Rachel Akhuetie as a Non-Executive Director and member of its Board of Directors, adding significant depth to the bank’s leadership with …
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Banking, Finance & InvestmentCyber securityGOVERNMENTNigeriaTechnology
Seamfix Calls for Biometric Security as Insider Fraud Rises in Nigerian Banks
Seamfix Limited has reaffirmed its commitment to bolstering cybersecurity in Nigeria’s financial sector, advocating for biometric-based security solutions as a frontline defence against insider fraud. The company made this known …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesGlobal NewsInnovationNewsNigeria
UBA Emerges Nigeria’s Strongest Brand in 2024 Brand Finance Ranking
United Bank for Africa Plc (UBA) has been named the strongest Nigerian brand in the 2024 Brand Finance ranking, moving up from 9th place last year to the top spot. …
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Banking, Finance & InvestmentEconomyMarketsNigeriaPolicies
CBN Denies Report of Distress in Nigerian Bank, Says Banking System Is Safe
The Central Bank of Nigeria (CBN) has denied social media and online reports suggesting that one of the banks under its regulation is facing distress. In a statement released on …
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Banking, Finance & InvestmentBusinessGOVERNMENTNewsNigeriaPress ReleasesTechnology
Wema Bank Celebrates 80 Years of Banking Excellence, Innovation and Inclusion
Wema Bank Plc has celebrated its 80th anniversary with a strong message of commitment to innovation, inclusive banking, and customer satisfaction. The Managing Director and Chief Executive Officer of the …