| Date | Title | Description |
| 24.05.2025 | Fidelity Bank's Trillion-Naira Fall: A Wake-Up Call for Investors | Fidelity Bank Plc, a prominent player in Nigeria's banking sector, recently experienced a significant market cap drop, losing its coveted trillion-naira status. This decline serves as a stark reminder of how swiftly legal and regulatory dev... |
| 20.05.2025 | Fidelity Bank loses trillion-naira market cap after Supreme Court fine ruling | Fidelity Bank Plc, a tier-2 Nigerian commercial bank, has dropped out of the elite ₦1 trillion market capitalisation club, following a sharp decline in its share price triggered by a Supreme Court ruling.
As of market close on Tuesday, May ... |
| 14.05.2025 | Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21 | On Friday, April 4, 2025, Fidelity Bank Plc—a tier-2 Nigerian commercial bank—crossed the ₦1 trillion market capitalisation mark, joining the ranks of tier-1 banks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Access Holdings,... |
| 14.04.2025 | Kenya’s Central Bank and Treasury approve Access Bank’s acquisition of struggling NBK | The Central Bank of Kenya (CBK) and the National Treasury have approved Access Bank’s acquisition of the struggling National Bank of Kenya, nearly one year after the Nigerian lender first expressed interest in the deal. The transaction is s... |
| 31.03.2025 | Zenith Bank reports 53% female workforce in 2024, up from 50% in 2023 | Zenith Bank has reported that women now make up 53% of its total workforce in 2024.
This is a shift from the 50% representation in 2023 and 2022, showing the bank’s growing commitment to improving gender equality at all levels.
As of Decemb... |
| 16.03.2025 | Alleged Debt: Seplat and Chorus Energy pay N28.7 billion to Nigeria’s Federation Account – Reps | The House of Representatives has disclosed that Seplat Production Development Limited and Chorus Energy Limited have paid N28.7 billion to Nigeria’s Federation Account in a bid to settle its outstanding liabilities to the nation.
The House ... |
| 06.03.2025 | Igniting Nigeria’s Economic Engine: The Power of Digital Payments | Andrew Uaboi, Vice President, Head, Visa West Africa
As one of Africa’s largest economies, Nigeria is experiencing a significant digital transformation. Two ambitious initiatives are driving this: the ‘3 million Technical Talent Program aim... |
| 28.02.2025 | Moniepoint raids Access and Stanbic Bank for top talent as it expands its business | Moniepoint, the Nigerian fintech unicorn, has been aggressively hiring top talent from Access Bank and Stanbic IBTC since 2023, deepening its bench as it scales operations. The recent hires span compliance, risk management, sales, and produ... |
| 31.01.2025 | SystemSpecs’ John Obaro Named ThisDay Titan of the Year | Titans of the Year
L-R: Aigboje AIG-Imoukhuede, Non-Executive Chairman, Access Holdings; Chief Emeka Anyaoku, Former Secretary-General, Commonwealth; Jim Ovia, Founder and Chairman, Zenith Bank; Segun Agbaje, CEO, Guaranty Trust Holding Com... |
| 14.01.2025 | Sterling Bank raises staff salaries by 7%, but staff expectations fall short | Sterling Bank, a tier-2 Nigerian commercial bank with a market capitalization of ₦174.76 billion, has raised salaries for its over 3,000 employees to help them cope with rising living costs and inflation, sources familiar with the matter co... |
| 10.01.2025 | Legal Storms and Economic Currents: Navigating Nigeria's Financial Landscape | In the heart of Nigeria's financial landscape, two significant events are stirring the waters: a court's freezing of assets linked to General Hydrocarbons and a forecasted decline in inflation. These developments reflect the complex interpl... |
| 09.01.2025 | Court Freezes $225 million in assets linked to General Hydrocarbons and Nduka Obaigbena | A Federal High Court has issued a series of orders, including Mareva injunctions, to freeze assets and accounts linked to General Hydrocarbons Limited, its affiliates, and prominent individuals, including media mogul Nduka Obaigbena.
The co... |
| 03.01.2025 | Court freezes 21 bank accounts linked to money laundering, orders arrest of holders | A Federal High Court in Abuja has ordered the temporary freezing of 21 bank accounts linked to money laundering and other unlawful activities, directing the arrest of their account holders.
Justice Emeka Nwite issued the ruling on Friday fo... |
| 16.12.2024 | How much do Nigerian bankers earn? Discover the top paying banks in 2024 | The 95,000 employees working in Nigeria’s 24 commercial banks share a common experience: a culture of secrecy around how much they earn. In the banking industry, discussing salaries is not just taboo—it’s almost forbidden.
“Salaries in bank... |
| 13.12.2024 | How Branda’s Flagship Products Simplify Corporate Gifting and Productive Workspace Design for Companies | Branda, short for Brand Authenticity, is Nigeria’s premier one-stop branding startup, revolutionizing how businesses manage their branding needs.
Trusted by industry leaders such as Truecaller, GT Bank, Viva Jet, Reliance infosystems, Dango... |
| 03.12.2024 | Consumer Rights Under Siege: FCCPC Takes Action Against Major Companies | In a world where consumer trust is as fragile as glass, the Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has stepped into the spotlight. The agency is investigating three major players: Guaranty Trust Bank (GTBa... |
| 01.12.2024 | FCCPC probes GTBank, MTN and Air Peace over alleged customer rights violations | The Federal Competition and Consumer Protection Commission (FCCPC) said it has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors comprising GTBank, ... |
| 22.11.2024 | Lagos govt plans traffic diversion in Ikeja for 10km Capital City Race on November 23 | The Lagos State Government has announced plans for a traffic diversion to accommodate the 10km Capital City Race scheduled for Saturday, November 23, 2024.
The race, which runs between 5:00 AM and 11:00 AM, will affect several major roads i... |
| 06.11.2024 | FBN Holdings flags off ₦150 billion rights issue, with plans to raise a further ₦300 billion | FBN Holdings, the parent company of Nigeria’s oldest bank, flagged off its ₦150 billion rights issue on Wednesday. While the Central Bank increased capital requirements for the country’s biggest banks tenfold in March 2024, Nnamdi Okonkwo, ... |
| 24.10.2024 | The Spectrum Showdown: Navigating the 6GHz Band and Connectivity Future | The battle for the 6GHz spectrum is heating up. It’s a clash of titans: cellular operators versus the Wi-Fi industry. Both sides are vying for a piece of the bandwidth pie. The stakes are high. Connectivity is the lifeblood of modern societ... |
| 22.10.2024 | Equinix finalizes MainOne integration, employees get new contracts and pay bump | Equinix, the world’s largest global data center and colocation provider, has completed the post-acquisition integration of Nigeria’s MainOne following a $320 million acquisition in 2022.
Post-merger integrations combine and rearrange two en... |
| 20.10.2024 | Meet 7 founders of animation companies in Nigeria’s growing creative industry | The Nigerian creative industry has undergone a major face lift over the last decade, becoming one of the country’s fastest-growing sectors.
From Nollywood’s global impact to the rise of Afrobeats, Nigeria has firmly established itself as a ... |
| 18.10.2024 | Wale Oyedeji finally berths at FBN Holdings by Joseph Edgar | I broke this news in August and faced intense pressure from all quarters to retract my report.
The appointment of a Group Managing Director (GMD) for what is arguably Nigeria’s most important financial institution is a matter of great inter... |
| 15.09.2024 | Navigating Financial Waters: GTBank and Zenith Bank in the Spotlight | In the bustling world of finance, two stories have emerged from Nigeria that highlight the intricate dance between banks and regulatory bodies. Guaranty Trust Bank (GTBank) and Zenith Bank are currently navigating choppy waters, each facing... |
| 13.09.2024 | House of Reps orders GTBank to remit VAT on Remita commission from 2015-2022 | The House of Representatives has ordered Guaranty Trust Bank (GTB) to calculate and remit Value Added Tax (VAT) on the commission it received from Remita between 2015 and 2022 to the Federal Government recovery account.
According to the New... |
| 21.08.2024 | Nigerian Banks Navigate Recapitalization: Strategies and Innovations | Nigerian banks are in a race against time. They face a monumental task: raising N1.29 trillion in just three months. This is not just a number; it’s a lifeline. The Central Bank of Nigeria (CBN) has set strict capital adequacy requirements.... |
| 21.08.2024 | Nigerian banks are using these strategies to meet their bank recapitalization targets | Several Nigerian banks are deploying a combination of traditional, innovative and unconventional strategies to meet that bank recapitalization targets.
This is according to information from staff and top executives of some of the commercial... |
| 01.08.2024 | As Chowdeck dominates food delivery, its ad business is growing | The appeal of advertising on Chowdeck, Nigeria’s most popular food delivery app, continues growing as its business grows. Chowdeck now claims to have 600,000 users, according to marketing documents seen by TechCabal. It also claims to be th... |
| 28.06.2024 | Nigeria: CBN to Implement More Policies to Tackle Cybersecurity Challenges | The Central Bank of Nigeria (CBN) says it will continue to implement more policies to tackle cybersecurity challenges, foster innovation to ensure stability and integrity of the financial system.
The Deputy Governor, Financial Systems Stabi... |
| 14.06.2024 | Big 4 maintain market dominance as audit firms earn N17.34 billion fees in 2023 | Story highlights
The 50 most capitalized companies in the Nigerian equities market paid a sum of N17.24 billion as audit fees in 2023, a remarkable 46.7% increase from N11.82 billion in 2022.
The Big Four audit companies, maintained industr... |
| 12.04.2024 | GTBank begins process to raise $750 million | Guaranty Trust Holding Company, the parent company of GTBank, Nigeria’s 5th biggest bank by assets, will seek shareholder approval to raise $750 million in additional capital weeks after the Central Bank raised minimum capital requirements ... |
| 13.03.2024 | Online scam: “No Go Fall Maga, Confam Am Again” Bankers Committee Takes a Stand | If anyone is taking the statement “evolve or die” seriously, it is scammers. Every day, they are upgrading their tactics and approaches in an effort to fleece you of your hard-earned Naira. Show them that no matter how fast they are learnin... |
| 02.05.2023 | Can GTCO take on Nigerian fintechs? | In July 2021, Guaranty Trust Bank Plc, one of Nigeria’s foremost lenders, made a corporate reorganization into GTCO, a holding company. This reorganization meant the company would start offering services beyond banking, such as payment serv... |
| 28.10.2021 | eNaira: How to use Nigeria’s central bank digital currency | Nigeria became the first country in Africa to launch a central bank digital currency (CBDC) this week after President Muhammadu Buhari unveiled the eNaira at the State House in Abuja, the nation’s capital.
Issued by the Central Bank of Nige... |
| 14.06.2021 | 5 online platforms to get collateral-free loans for your small business in Nigeria | Share this article:
This post is a delayed version of SME Clinic newsletter, a weekly newsletter that provides tips and recommendations to help you position your small business for success. Subscribe here to start receiving it.
As a small b... |
| 26.03.2020 | One of Nigeria’s biggest banks, GTBank is restructuring to take on the fintech industry | There’s an ongoing consolidation in the Nigerian banking scene. Zenith Bank and Union Bank, two of the country’s biggest banks are reportedly having merger talks. First Bank, Nigeria’s oldest and biggest bank, is planning to acquire two sma... |
| 06.03.2020 | Nigerian fintech startups may need to brace up for a change in licence regime | CBN’s new payments licence regime may roll out soon
The Central Bank of Nigeria (CBN) is planning to roll out a new payment licence for fintech companies.
In late 2018, the regulator released an exposure draft detailing a new licence framew... |
| 23.01.2020 | In the battle between banks and fintechs, the customer is the only true winner | Share this article:
In most economic settings, access to credit facilities and individuals with larger purchasing power could be the difference between successful and unsuccessful businesses.
A few years ago applying for a loan was widely r... |
| 07.11.2019 | The battle between banks and fintechs is just getting started | Nigerian fintechs move quick, banks move slowly; yet banks still win.
Nigerian banks don’t give out a lot of loans, especially to individuals and small businesses (retail lending). According to data from Proshare, big banks like Union Bank,... |
| 07.06.2018 | The potential impact of NIPOST in the financial, eCommerce sectors | Share this article:
One of the government establishments that has the capability to revolutionise the eCommerce industry is the Nigerian Postal Service (NIPOST), with its wide network of offices across the country.
Despite being a governmen... |
| 25.03.2015 | MasterCard Announces Payment Technology for MSMEs, to Roll out MPOS Devices Across Nigeria | MasterCard has announced the launch of Micro, Small and Medium Enterprise (MSME) focused acceptance development program whereby electronic payments will be embraced by retailers across Nigeria.
This move was declared at the MasterCard Thoug... |
| 27.02.2013 | First Bank, GTB, Zenith Account For 54% Of Nigerian Banking Profit | Experts at Prudential Trust Company posit that the top three banks in Nigeria – First Bank, Guaranty Trust Bank (GTB) and Zenith Bank Plc – which “account for 54 per cent of profit in Nigerian banking sector,” will post a 300 billion naira ... |
| 03.12.2012 | Nigerian Lender GTBank Divests Asset Management Unit | a management buyout of former investment and wealth management subsidiary of Guaranty Trust Bank Plc (GTBank), GTB Asset Management Limited (GTBAM) which allows for a new structure as the company is now owned by the staff and management of ... |
| 16.08.2012 | The 5 Biggest Banks In Nigeria | Nigeria’s banking sector is back on the right road after the 2010 meltdown that saw the Nigerian Stock Exchange lose 66 percent of its capital in a bank-led crash. The sector, which had previously issued aggressive denials about the levels ... |
