Banking
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IMF, World Bank, WFP say Middle East war to lead to rising food prices, insecurity
By Victoria Frances THE heads of the International Monetary Fund (IMF), the World Bank Group (WBG) and the World Food Programme (WFP) have stated that the Middle East…
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Zenith Bank posts N1.26trn profit before tax, proposes higher dividend
ZENITH Bank Plc has recorded a profit before tax (PBT) of N1.26 trillion for the year ended Dec. 31, 2025,…
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CBN Completes Recapitalization, Unleashes $1 Trillion Economy
In a landmark move, the Central Bank of Nigeria (CBN) has successfully completed a sweeping bank recapitalization exercise, catapulting the…
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GTCO’s Profit Slump: Stark Reminder of A Spluttering Profit Engine
A company’s profit engine is its lifeblood, driving growth, innovation, and sustainability. But when the engine starts to splutter, warning…
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Union Bank on Throes of Controversy: Can This Bank Survive?
Leaving a bank where ordinary shareholders have been left high and dry, losing billions of naira over the years in…
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Nigerian Banking Recapitalization Update: 33 Banks Meet Capital Requirements
The Nigerian banking sector is nearing the finish line in its recapitalization exercise, with 33 out of 37 banks announcing…
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Nigeria’s Banking Sector Takes a Strong Step Forward: 7 Banks Meet Recapitalization Deadline For International License
Seven prominent Nigerian banks have successfully met the regulatory requirements and are compliant with the Central Bank of Nigeria’s (CBN)…
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Uncertainty Lingers for Union Bank, Polaris Bank, and Keystone Bank as Recapitalization Hurdles Persist
As Nigeria’s banking sector inches closer to completing its historic recapitalization exercise, three national banks – Union Bank, Polaris Bank,…
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Nigeria’s Banking Recapitalization: 30 Banks Clear Recapitalization Hurdle, 5 Still in Limbo
Nigeria’s banking sector has largely completed one of the most structurally significant capital exercises in its history. With 30 of…
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Nigeria’s Banking Giants Shine in Recapitalization Drive
Zenith Bank Plc. Zenith Bank raised N350.4 billion in aggregate through a rights issue of N162.08 billion (subscribed at 160.47%)…
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