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Banks

Nigerian Regions With Highest Bank Majority Shareholders

The south-west and south-south regions have the highest majority shareholders in the banking industry, followed by the south-east and the north, according to analysis by Prime Business Africa. This publication covers the 13 commercial and microfinance banks listed in the Nigerian stock

July 25, 2025

Business·Top Stories

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

The number of banks worth over a trillion naira in the stock market has increased from five to seven on Wednesday, June 25, as Fidelity Bank joined the list after its market capitalisation hit N1 trillion at the end of trading. According

June 26, 2025

Business·Top Stories

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

The Central Bank of Nigeria (CBN) fined commercial banks N17.35 billion in 2024, with the penalty increasing by N16.98 billion compared to the N369,71 million the financial institutions paid in 2023. According to Prime Business Africa’s findings, CBN fined nine banks, out

June 9, 2025

Business·Top Stories

Top Five Most Valuable Banks In Nigeria

The Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank for Africa (UBA), Access Holdings and First HoldCo are the top five most valuable banks in Nigeria. According to Prime Business Africa’s analysis, the banks, with a combined market capitalisation of N7.46

April 30, 2025

Business·Markets

Banks Shift Climate Targets Amid Global Economic Realities

In a significant move, major banks have voted to adjust their climate targets, abandoning a more stringent goal to align all sector financing with 1.5 degrees Celsius above pre-industrial levels by mid-century. Instead, they have adopted a more flexible ambition to align

April 15, 2025

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·News

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s acting director, Currency Operations Department, Mohammed Olayemi, the apex bank

June 29, 2024

News

EFCC Tasks Banks’ Compliance Officers on Corruption, Money Laundering

Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has charged banks’ compliance officers to be diligent in the discharge of their duties and always provide the Commission with necessary information to assist it in carrying out its responsibilities.

May 10, 2024

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

CBN has reacted to reports of cash scarcity in some locations, assuring that there is sufficient bank notes for economic activities.

November 2, 2023

Business

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

Deposit Money Banks (DMBs) have adopted a repayment plan to resolve their faceoff with telecommunications firms over the use of the Unstructured Supplementary Service Data (USSD) service by the banks’ customers. The financial institutions are owing MTN Nigeria, Airtel, Globacom and other

August 9, 2023

Opinion

Fighting Cybercrime In Banks

Rising cases of cybercrime in the banking industry is becoming a big headache to bankers, customers and law enforcement agencies in the country. With so many people highly skilled in hacking techniques desperate for quick wealth, cybercrime may soon be the biggest

July 3, 2023

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Banks

Nigerian Regions With Highest Bank Majority Shareholders

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

CBN Fines Zenith Bank, Fidelity Bank, GTCO, Six Other Banks N16.98bn

Top Five Most Valuable Banks In Nigeria

Banks Shift Climate Targets Amid Global Economic Realities

CBN Revises Guidelines For Foreign Currency Deposits

EFCC Tasks Banks’ Compliance Officers on Corruption, Money Laundering

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

Fighting Cybercrime In Banks

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