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 …
ZENITH BANK
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BankingBusinessEconomyFinanceINVESTMENTMonetary Policy
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BusinessDevelopmentDiasporaEconomyFinanceINVESTMENT
FG, NiDCOM, and Banks Launch New Drive to Harness $20bn Diaspora Remittances for Economic Growth
The Federal Government has launched a renewed effort to channel over $20 billion in annual diaspora remittances into productive investments aimed at accelerating Nigeria’s economic growth and national development. The …
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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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AfricaBankingBusinessEconomyFinanceINVESTMENT
Zenith Bank Plans Major Expansion into Côte d’Ivoire and Francophone Africa After N614.65bn Capital Raise
Zenith Bank Plc has announced plans to expand its operations into Côte d’Ivoire and eight other Francophone African countries, marking a major step in its goal to become a leading …
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BusinessCapital MarketEconomyFinanceINVESTMENTStock Market
NGX Closes Slightly Positive as Investors Trade Cautiously Amid Q3 Earnings Season
Trading on the Nigerian Exchange (NGX) closed on a mildly positive note on Wednesday as investors slowed down on bargain hunting despite the continued release of third-quarter (Q3) corporate earnings …
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BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
Big Banks in Nigeria Spend ₦442 Billion on AMCON Charges as Profits Fall
by Radarr Adminby Radarr AdminNigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
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BusinessCapital MarketEconomyFinanceINVESTMENTNigeria
NGX extends rally as investors gain ₦786bn amid strong performance in Seplat
Investors in the Nigerian Exchange Limited (NGX) kicked off the week on a positive note as bullish trading on Monday lifted the market capitalisation by ₦786bn to close at ₦91.9tn, …
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BankingBusinessCapital MarketEconomyINVESTMENTMarketsNews
Nigerian Stock Market Loses N322bn as Bearish Trend Persists
The Nigerian Exchange (NGX) on Tuesday extended its bearish run as investors retreated from select equities, wiping out N322 billion from the total market value. At the close of trading, …
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BankingEconomyINVESTMENTManufacturing & Consumer GoodsOil & GasStock Market
Nigerian Stock Market Rebounds with N986bn Gain as Investors Regain Confidence
The Nigerian stock market recorded a strong rebound last week as investors’ portfolio value rose by more than N986 billion within five trading sessions. The development marked the end of …
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BankingBusinessCorporate NewsEconomyFinanceINVESTMENT
Nigerian Banks Record N15.4tn Interest Income as Afrinvest Marks 30 Years with Sector Report
Nigerian banks posted a strong growth in interest income, hitting ₦15.4 trillion in the past year, as tighter monetary policies by the Central Bank of Nigeria (CBN) boosted earnings. This …