15 results for “Banking”
Zenith Bank has consolidated its entry into East Africa's largest market after completing the full acquisition of Kenya's Paramount Bank, part of a wider expansion that also took the Nigerian lender into Côte d'Ivoire during the first half of 2026.
The International Monetary Fund has said Nigeria's bank recapitalisation is necessary but not sufficient, urging stronger supervision, better buffers and timely recognition of non-performing loans.
The Nigerian Exchange closed higher on Wednesday as late buying in banking and selected industrial counters lifted market value by N103.90 billion, ending two sessions of declines.
Nigeria's banking system is expected to absorb about N13.25 trillion in liquidity inflows in October, the FMDA estimates, as the CBN manages excess cash.
Five leading Nigerian financial institutions reported a combined pre-tax profit of about N2.29 trillion in the first half of 2026, cementing banking's dominance of corporate earnings.
The US banking giant plans to establish a merchant bank in Nigeria before the end of 2026 and has added the country to a new emerging-market bond index, in twin votes of confidence for the capital market.
The lender reported N637.6 billion in profit before tax for the six months to June, while after-tax earnings fell and the board proposed a N1.50-per-share interim payout.
Lenders led a broad advance after a softer inflation print revived bets on a pause in the tightening cycle.
Loan books are expanding again, but provisioning is rising alongside them.
The consolidation reduced outstanding shares to 6.85 billion and reset the reference price to N77 without mechanically changing investors' proportional ownership.
The country's largest financial group by assets has received another NGX extension for its audited first-half results while it waits for regulatory approval from the Central Bank of Nigeria.
At the same time, liquidity in the banking system has increased sharply, with estimates pointing to a potential rise toward ₦8.57tn this...
A sustained run in financial-sector stocks lifted the value of the Nigerian Exchange to a record N164 trillion at the end of September, capping one of the strongest equity rallies in years.
The group paired a 16.2 percent profit increase with faster deposit growth and a lower cost-to-income ratio in its 2025 accounts.
The two-year exercise lifted paid-up capital across the banking system, with the regulator saying every affected lender chose a route to compliance.