News
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CBN Issues Guidance on AML Compliance Standards, Sets June 2026 Deadline for Implementation Plans
The Central Bank of Nigeria (CBN) has issued a guidance note to support the implementation of its Baseline Standards for…
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Oil Prices Post Biggest Monthly Surge in History – OIR 310326
This week’s newsletter takes a quick look at some of the critical figures and data in the energy markets. OTC…
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Rising Food Prices: A Burden on Households
Food prices in Lagos markets have skyrocketed in March 2026, driven by a surge in petrol costs that has sent…
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Equities Market Sustained Bearish Trend on Monday as Investors Lost N275bn on NGX; BDC Rate Depreciated to N1,420/US$1
Sanapshot 1.1 NGX – Listed Equities The Nigerian equities market closed Monday, March 30, 2026, on a negative note, extending the…
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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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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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Nigerian Banks Shine: Fidelity Bank Leads with Unanimous BUY Rating
Fidelity Bank (FIDELITYBK)Fidelity Bank has received a unanimous BUY rating from all seven covering analysts, reflecting confidence in its post-recapitalisation…
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Governance Uncertainty Rocks Union Bank as Court Nullifies CBN’s Intervention
The Federal High Court’s landmark judgment nullifying the Central Bank of Nigeria’s (CBN) January 2024 intervention in Union Bank…
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Unity Bank and Providus Bank Merger: A House of Cards?
The proposed merger between Unity Bank and Providus Bank is facing intense scrutiny, with concerns over insider credits, regulatory approvals,…
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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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