3 d. ago AY Comedian Queries Nigerian Banks’ Earnings, Says Fees Must Be Challenged

Popular Nigerian comedian Ayo Makun, better known as AY Comedian, has raised concerns over the massive profits declared by banks despite the country’s struggling economy. Taking to X (formerly Twitter) on Monday, AY questioned how financial institutions manage to report trillions in earnings every quarter while many Nigerians grapple with economic hardship. He particularly pointed […] The post AY Comedian Queries Nigerian Banks’ Earnings, Says Fees Must Be Challenged appeared first on Information Nigeria.

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4 d. ago Big banks lead as Nigerian lenders boost shareholder returns

Nigeria’s biggest banks are setting the pace in delivering value to investors, outpacing smaller rivals in shareholder returns. BusinessDay analysed read more Big banks lead as Nigerian lenders boost shareholder returns

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4 d. ago More private placement exercise characterise recapitalisation

Tribune Online More private placement exercise characterise recapitalisation THE recapitalisation process in Nigeria’s banking sector has been marked by a surge in private placement exercises, as financial institutions seek to inject fresh capital to bolster their balance sheets and comply with regulatory requirements. This trend underscores the determination of Nigerian banks to strengthen their capital base, enhance their risk-absorbing capacity, and position themselves […] More private placement exercise characterise recapitalisation Tribune Online

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4 d. ago Banks turn to commercial papers amidst increasing deposit costs, high CR policies

Tribune Online Banks turn to commercial papers amidst increasing deposit costs, high CR policies NIGERIAN banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the Central Bank of Nigeria (CBN) enforces stringent cash reserve policies, driving up deposit costs, Bloomberg reports. Access Holdings Plc, Nigeria’s largest bank by assets, the Providus Bank Limited N100.00 billion Commercial Paper Programme registration of the NOVA Merchant […] Banks turn to commercial papers amidst increasing deposit costs, high CR policies Tribune Online

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4 d. ago Sound regulatory oversight keeps banking sector strong —Cardoso

Tribune Online Sound regulatory oversight keeps banking sector strong —Cardoso THE Nigerian banking sector has demonstrated remarkable resilience and stability, thanks to the effective regulatory oversight provided by the Central Bank of Nigeria (CBN) and other relevant authorities, according to a recent assertion by the CBN governor, Olayemi Cardoso. By maintaining a robust regulatory framework, the authorities have been able to mitigate potential risks, ensure […] Sound regulatory oversight keeps banking sector strong —Cardoso Tribune Online

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4 d. ago How Zenith Bank distributed N10.99trn loans across sectors of Nigerian economy

Tribune Online How Zenith Bank distributed N10.99trn loans across sectors of Nigerian economy IN a demonstration of its commitment to supporting the growth and development of the Nigerian economy, Zenith Bank has disbursed a staggering N10.99 trillion in loans across various sectors, providing a vital lifeline to businesses, entrepreneurs, and individuals.  Contained in its 2024 Financial Year report, this significant loan disbursement, which cuts across key sectors such […] How Zenith Bank distributed N10.99trn loans across sectors of Nigerian economy Tribune Online

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5 d. ago How bankruptcy led Nigerian boxer to death in Ghana – NBBofC

The Nigeria Boxing Board of Control says boxer Segun ‘Success’ Olanrewaju, who died in Accra, Ghana on Saturday, was not granted approval for the fatal bout after his initial fight scheduled for Friday was cancelled after being adjudged overweight. The 40-year-old former National and West African light-heavyweight champion lost consciousness during his bout against Ghanaian Read More

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5 d. ago Nigerian leaders prioritise power over progress, says AfDB president’s adviser

The Senior Special Adviser to the President of the African Development Bank on Industrialisation, Prof. Banji Oyelaran-Oyeyinka, has criticised Nigerian leaders for prioritising power over national development. Speaking at the Aquinas College Old Students Association 2025 Convention in Akure, Ondo State, on Saturday, where he served as the guest lecturer, Oyelaran-Oyeyinka lamented decades of leadership Read More

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7 d. ago YEIDEP: Keystone Bank Lauds Federal Gov’t, Minister For Empowering Nigerian Youths

Keystone Bank Limited has lauded the President Bola Tinubu-led administration for its undying support towards youth development in Nigeria. The bank expressed its appreciation at a solidarity dinner held in honour of Comrade Ayodele Olawande, the Minister for Youth Development, and Comrade Kennedy Iyere, the Coordinator-General of the Youth Economic Intervention and De-Radicalization Program (YEIDEP) […]

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9 d. ago Convert N50m Bank Bond to Insurance guarantees, BOAN urges NPA

Tribune Online Convert N50m Bank Bond to Insurance guarantees, BOAN urges NPA Members of the Barge Operators Association of Nigeria (BOAN) has appealed to the Nigerian Shippers Council (NSC) to help prevail on the Nigerian Ports Authority (NPA) to convert the N50m Bank Bond placed on barge operators into an Insurance guarantees. Recall that the NPA, in its effort to enthrone professionalism and competency in the barging […] Convert N50m Bank Bond to Insurance guarantees, BOAN urges NPA Tribune Online

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1 week ago Five Nigerian banks make progress in recapitalisation efforts

Tribune Online Five Nigerian banks make progress in recapitalisation efforts FIVE major Nigerian banks have made progress in their recapitalization efforts, moving closer to meeting the Central Bank of Nigeria’s (CBN’s) minimum capital requirements. The banks have ramped up fundraising initiatives to strengthen their financial positions, boosting investor confidence and reinforcing stability in the banking sector. FirstHoldCo, the parent company of FirstBank, recently concluded its […] Five Nigerian banks make progress in recapitalisation efforts Tribune Online

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1 week ago Assets size of top ten Nigerian banks surge to record N219.46trn in 9 months

Tribune Online Assets size of top ten Nigerian banks surge to record N219.46trn in 9 months Nigeria’s leading banks have experienced a remarkable surge in their asset base, reaching N219.46 trillion in the first nine months of 2024, ahead of their year-end financial statements. This substantial increase from nearly N150 trillion across the country’s 26 commercial banks in 2023 underscores the banking sector’s robust growth and resilience. This asset expansion highlights […] Assets size of top ten Nigerian banks surge to record N219.46trn in 9 months Tribune Online

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2 w. ago Skales Acknowledges Banky W’s Role In Funding His University Education

Nigerian singer Skales has shown gratitude to music executive Banky W for covering his university tuition. On Thursday, Skales took to X to share a photo of his Bachelor of Science in Business Administration certificate, mentioning that while he graduated from Lead City University years ago, he only recently obtained it. Skales honoured his mother […] The post Skales Acknowledges Banky W’s Role In Funding His University Education appeared first on Information Nigeria.

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