12 h. ago Recapitalisation drive triggers N783bn fund hunt in banking sector

…Mergers, investor talks intensify By Chinwendu Obienyi The capital shortfall facing Nigerian commercial banks has narrowed to N783.4 billion. This follows the successful recapitalisation of Stanbic IBTC Holdings, which has deepened investor confidence and sparked renewed speculation about possible mergers and acquisitions ahead of the Central Bank of Nigeria’s (CBN) 2026 deadline. Daily Sun, on […] The post Recapitalisation drive triggers N783bn fund hunt in banking sector appeared first on The Sun Nigeria.

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56 h. ago 7 banks face N965bn gap amid rising recapitalisation pressure

•Analysts project positive outlook for banking sector in H2 By Chinwendu Obienyi Seven commercial banks are racing against time to plug a combined capital shortfall of N964.8 billion, as the Central Bank of Nigeria’s (CBN) recapitalisation deadline draws nearer, deepening investor scrutiny and market anxiety across the sector. According to new disclosures and market data […] The post 7 banks face N965bn gap amid rising recapitalisation pressure appeared first on The Sun Nigeria.

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8 d. ago CBN’s prudential measures signal strong banking sector leadership

The Central Bank of Nigeria (CBN) has again demonstrated its commitment to maintaining a resilient and stable banking sector. On read more CBN’s prudential measures signal strong banking sector leadership

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1 week ago Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report

Tribune Online Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report NIGERIA’S banking sector recorded a strong 39.6 per cent year-on-year growth in 2024, with total assets rising to N170.02 trillion from N121.8 trillion in 2023. This remarkable expansion was fueled by surging remittance inflows, the widespread adoption of digital financial services, and broader sector reforms, according to the State of Enterprise (SOE) Report 2025. Despite […] Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report Tribune Online

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1 week ago How new tax law impacts banks’ operations in Nigeria — Analysis

Tribune Online How new tax law impacts banks’ operations in Nigeria — Analysis THE recently introduced tax reform bills spearheaded by the Presidential Fiscal Policy and Tax Reforms Committee, chaired by Mr. Taiwo Oyedele, are reshaping the Nigerian financial landscape—with the banking sector at the heart of the transformation. The reforms, which aimed to broaden the tax net and enhance government revenue, place significant operational and compliance responsibilities […] How new tax law impacts banks’ operations in Nigeria — Analysis Tribune Online

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1 week ago Banks’ assets hit N170trn as finance sector boosts GDP by 5.8% – Report

Nigeria’s payment infrastructure ranks most advanced in Africa From Adanna Nnamani, Abuja Nigeria’s Financial and Professional Services (FPS) sector recorded a strong performance in 2024 despite tough economic conditions, with Deposit Money Banks (DMBs) growing their assets to N170.02 trillion, about 63.1 percent of the country’s total GDP. This is according to the State of […] The post Banks’ assets hit N170trn as finance sector boosts GDP by 5.8% – Report appeared first on The Sun Nigeria.

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2 w. ago NDIC Seeks Judicial Collaboration In Securing Depositors Fund

The Nigeria Deposit Insurance Corporation (NDIC), has stressed the need for stronger collaboration between the legal and financial regulatory systems to enhance depositor protection and maintain the stability of Nigeria’s banking sector. Speaking at the opening ceremony of a sensitisation seminar for Federal High Court judges with the theme “Strengthening Adjudication and Depositor Confidence in […]

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3 w. ago CBN issues targeted transitional guidelines for select banks

CBN has reaffirmed the resilience and soundness of the Nigerian banking sector while unveiling a set of targeted transitional measures. read more CBN issues targeted transitional guidelines for select banks

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3 w. ago CBN Affirms Banking Sector Strength, Issues Routine Transitional Guidance

As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) has introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided, mostly in response to the economic impact of the COVID-19 pandemic. According to a statement that was issued […]

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3 w. ago Banking Stocks Plummet On CBN’s Directive To Suspend Dividends, Bonuses

Following the Central Bank of Nigeria (CBN) directive suspending dividend payments, bonus disbursements, and offshore investments for banks under regulatory forbearance, the Nigerian Exchange (NGX) Banking index yesterday declined by 3.98 per cent. This is as investor sentiment weakened amid concerns over earnings retention and capital constraints within the banking sector. While the benchmark index […]

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3 w. ago Expert unveils innovative credit risk solution to boost Nigerian banking sector

Tribune Online Expert unveils innovative credit risk solution to boost Nigerian banking sector A groundbreaking credit risk assessment platform is poised to transform how Nigerian banks evaluate and manage lending decisions, according to Ehimare Ucheoma, a credit risk expert and seasoned banking professional. Speaking with journalists in Lagos, Ucheoma revealed that the new solution uses advanced data integration techniques to generate a unified, actionable risk score for loan […] Expert unveils innovative credit risk solution to boost Nigerian banking sector Tribune Online

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3 w. ago Experts react as CBN suspends dividends of banks under forbearance

Tribune Online Experts react as CBN suspends dividends of banks under forbearance •Shareholders push back The Central Bank of Nigeria’s (CBN) recent decision to temporarily suspend dividend payments by banks has triggered strong and mixed reactions across the financial ecosystem. While financial analysts described it as a prudent move to preserve capital and protect the banking sector’s integrity, shareholders and some market participants are expressing deep concern […] Experts react as CBN suspends dividends of banks under forbearance Tribune Online

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3 w. ago Strengthening the banking sector: NDIC and imperative of risk

The evolving complexity of the banking sector and its crucial role in economic intermediation underscore the need for a robust read more Strengthening the banking sector: NDIC and imperative of risk-minimizer deposit insurance

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3 w. ago CBN halts profit sharing, overseas investments for banks under special support

The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under regulatory forbearance. This is part of a strategy to reinforce financial discipline and protect the stability of the banking sector. The directive affects only those banks that are receiving temporary regulatory relief, commonly […] The post CBN halts profit sharing, overseas investments for banks under special support appeared first on The Sun Nigeria.

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