Section

FINANCIAL SERVICES

Banking, Insurance and general financial services news

Bank Recapitalization 1 min
CBN’s 20% HoldCo buffer could force banks to raise N1.7 trillion—RenCap
By Israel Ojoko
Insurance 1 min
NAICOM petitions IGP over alleged Niger Insurance asset stripping, dismisses management claims
By Israel Ojoko
Banking 1 min
First HoldCo hits record N87.25 as market value crosses N3.8 trillion
By Kelechi Mgboji
Banking 1 min
CBN launches BDC FX tracker, orders 24-hour resale of unused dollars 
By Israel Ojoko

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Banking

Best performing commercial bank in Nigeria based on their numbers

Agriculture

BOI unveils €85 million loan facility to expand Nigeria’s cocoa processing industry

Insurance

Regency Alliance offers 7.37 billion shares in recapitalisation drive

Economy

CREDICORP, NGGCL sign risk-sharing deal to expand consumer credit for Nigerians

Appointments

Sterling HoldCo appoints Olubisi Makoju, Olayinka Oni to Board

Banking

Access Holdings vests over 200 million shares in 77 employees, Agbede emerges largest beneficiary

Financial Services

Moniepoint: Nigeria’s food service industry reaches $11.09 billion on digital payment growth

Banking

CBN’s proposed HoldCo capital rules could trigger investor fatigue, shareholders warn

Financial Services

See 10 Nigerian-founded startups driving fintech, AI growth in the UK

Banking

Fitch warns climate risks could weaken Nigerian banks’ credit quality