Banking

Amaka Onwughalu succeeds Mustafa Chike-Obi as Chairperson of Fidelity Bank, bringing 30 years of banking experience to the role.

In an update published by Punch, Fidelity Bank announced the appointment of Amaka Onwughalu as board chair, a move aimed at strengthening corporate governance as the sector tightens oversight. The appointment comes amid …

Analysts project AI will drive real-time risk pricing and fraud detection in Nigeria's 2026 banking sector.

FirstBank hits N500bn capital target; Femi Otedola credits Tinubu and Cardoso's reforms.

Several listed insurers forecast a combined profit after tax of N10.59bn for Q1 2026, based on filings to the Nigerian Exchange.

CBN’s 2026 outlook expects a supportive capital market backdrop from bank recapitalisation, while warning about concentration and investor-fatigue risks.

Nigeria’s banking sector NPLs rose to about 7% after the CBN withdrew COVID-era regulatory forbearance, breaching the 5% prudential limit.

FirstBank says it has completed a ₦500bn capital raise, meeting the CBN’s recapitalisation threshold as other banks prepare their own fundraising.

Premium Times reports Nigeria recorded a balance-of-payments surplus in Q3 2025, supported by oil exports and diaspora remittances.

Nigerian equities ended the year on a positive note as market value increased by about ₦533bn in one trading session.