- Iran Sets Steep Conditions for Reopening Strait of Hormuz
- Netanyahu Rejects U.S. Gaza Plan, Says No Withdrawal Until Hamas Fully Disarmed
- XRP Crashes as Spot ETF Inflows Sink on Cooling Buying Appetite
- Investors Warned: Read Between Bessent’s Three Moves This Week
- Money Market Rates Mixed on 36% Banking System Liquidity Surge
- Crude Oil Prices Mixed as U.S.-Iran Negotiate Indirectly
- Taraba Government Dismisses N1.2trn Debt Claims
- CBN to Offer N700 bln in Nigerian Treasury Bills for Subscription
Banking
United Capital Microfinance Bank grows capital to N5.6bn United Capital says its microfinance bank has grown its capital base from N200 million at inception…
UBA Unveils Innovation Centre at UNILAG Campus United Bank for Africa (UBA) Plc on Monday…
Afreximbank Records 25% Rise in Q1 2026 Net Income The African Export-Import Bank (Afreximbank) has…
Wema Bank’s Profit Surges to N221.9bn as Tier 1 Ambition Grows Wema Bank Plc says…
GCR ratings have affirmed Providus Bank Limited’s national scale long and short-term issuer ratings of BBB-(NG) and A3(NG) respectively; outlook maintained…
The International Monetary Fund (IMF) has endorsed Nigeria’s ongoing bank recapitalisation drive. It said that stronger capital buffers are cushioning the financial system against external shocks and strengthening resilience amid intensifying global uncertainties.
Nigeria’s 33 recapitalised deposit money banks (DMBs) sourced 72.5% of their combined capital injections locally over two years, the Apex Bank said in an official statement.