Banking
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Elumelu, Wigwe: Their stupendous wealth, many controversies
They arrived on the Nigerian financial stage not with a whimper but a bang. They dress like men who have…
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Wema Bank Plc FY 2025 Result: Growing Profitability through Digital Banking and Accelerated Structural Funding Advantages
Wema Bank Plc reported a strong FY 2025, with N194.48bn in profit after tax, up 125.40% Y-o-Y, and N661.39bn in…
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From Penny Stock to Powerhouse: How Wema Bank Redefined Growth in Nigeria’s Banking Sector
There is a common, though wrongly-put narrative in some circles that Wema Bank is “small.” It is a perception that has lingered…
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Recapitalisation: How CBN’s stricter credit-risk policy will protect N4.65trn raised funds
The Central Bank of Nigeria (CBN) is redesigning banking sector’s credit‑risk framework to protect N4.65 trillion new capital raised by…
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GTCO’s FY’25 Stumbles: Profit Plumps Amidst FX Losses and Tax Hikes
GTCO’s FY’25 results reveal a sobering reality, with a 14.9% year-over-year decline in Profit After Tax to N865.7 billion, marking…
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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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