Abbey Bank targets November commercial banking take-off
Abbey Bank Plc has announced plans to commence commercial banking operations in November 2026...
Banks and Finance
FMBN targets N750bn capital as housing loan approvals jump 191%
The Federal Mortgage Bank of Nigeria (FMBN) is seeking a N750 billion recapitalisation to...
Banks’ trade lending jumps 62% as manufacturing credit falls 27%
Nigerian banks are directing a growing share of their outstanding credit towards trade and general...
EIB, FCMB commit €85m to agricultural processing, dairy value chains
Nigerian agribusinesses are set to receive €85 million in financing from the European Investment...
OPay’s $533m investment portfolio yields 22% ahead of US IPO
OPay Limited’s short-term investment portfolio has grown to $532.94 million, generating rising interest income as...
NDIC raises deposit protection as stronger banking confidence supports $1trn economy
The Nigeria Deposit Insurance Corporation (NDIC) has stepped up measures to protect household savings and...
FirstBank dismisses FirstMobile breach claim, assures customers of funds’ safety
FirstBank has dismissed as false claims circulating on WhatsApp that its FirstMobile application has been...
FirstEase: Why Nigeria’s growing consumer-credit market needs flexible financing
For many Nigerian households, buying a smartphone, laptop, refrigerator, washing machine, or other essential...
CBN rate cut sends Treasury bill yields below 16% as N4.2trn chases N500bn
Yields on Nigerian Treasury bills have fallen below 16 per cent across the standard...
Nigerian banks add N11.2trn in value despite valuation discount
Nigerian banking stocks have added about N11.17 trillion to their combined market value in...
