–ACAMB Logo By St. Johnson Adegboyega In a bid to foster accurate public discourse as well as protect the stability of the financial sector, the Association of Corporate and Marketing Professionals in Banks (ACAMB) has stepped in to educate renowned content creator, Unofficial Osas, following his misrepresentation of facts concerning the Central Bank of Nigeria’s (CBN) recapitalisation drive, and subsequent invitation by the Nigerian Police… []
— Ebenezer Kolawole, MD/CEO Unity Bank St. Johnson Adegboyega Following the recently held Court-Ordered Meeting and subsequent overwhelming endorsement, the merger and business combination between Unity Bank Plc and Providus Bank Limited remains firmly on course. Analysts appraising the ongoing recapitalisation programme believe that the regulatory backing and shareholders’ support for the merger represent the most important milestones for meeting the recapitalisation requirements within the… []
— Dr. Jim Ovia By St. Johnson Adegboyega The Management of Zenith Bank Plc has advised the public to disregard videos circulating online linking the bank’s Group Chairman, Dr Jim Ovia, as endorsing an investment scheme known as Wealth Bridge. The bank issued the warning in a disclaimer statement on Tuesday signed by its management addressed to debunk claims by fraudsters over Dubious video describing… []
Yemo Alakija (right), President, Lagos Polo Club and Mr. Segun Agbaje, Group CEO, GTCO Plc along side other dignitaries and players during the presentation of the Majekodunmi Cup to winners at the NPA Lagos International Polo Tournament sponsored by GTCO in Lagos. By Bunmi Onakan Guaranty Trust Holding Company Plc has reaffirmed its commitment to advancing sports development in Nigeria and across Africa following the… []
— Sterling HoldCo HQ By St. Johnson Adegboyega Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in line with the Central Bank of Nigeria’s (CBN) revised minimum capital requirements, following final regulatory approvals received in January 2026. The capital-raising programme itself was substantially completed between December 2024 and October 2025, positioning… []
— Wola Joseph Condotti By St. Johnson Adegboyega Her appointment highlight sweeping awareness on the importance of the female gender in building successful globally competitive business. On Tuesday, Jan. 13, 2026, Wola Joseph-Condotti stepped into a leadership role as interim Chief Executive of Eko Electricity Distribution Plc (Eko Disco). Before her appointment, the seasoned corporate lawyer and energy executive was the Group Managing… []
— Kemi Omotosho By St. Johnson Adegboyega With effect from January 2026, MultiChoice Nigeria on Monday announced the appointment of Kemi Omotosho as its new Chief Executive Officer in Lagos. The appointment followed the retirement of John Ugbe, who is stepping down after nearly 15 years at the helm of the pay television company. MultiChoice Nigeria said the leadership change followed a structured transition process… []
–– CBN Head office By Muyiwa Akinola Nigerian banks are racing to meet the new capital requirements mandated by the central bank, a policy shift that is expected to strengthen the lenders’ resilience against shocks and enable them to make meaningful contributions to the country’s growth agenda. The recapitalisation exercise, which began in 2024, sets N500 billion for commercial banks with international authorisation, N200 billion… []
— UBA Head Office in Marina, Lagos By Adeola Idris and Muyiwa Akinola A criminal case has been filled against UBA Plc, the Group Managing Director, Mr Oliver Alawuba, Group Legal Adviser, Mr Billy Odum, and Deputy Managing Director, Mr Chukwuma Nweke for allegedly opening, operating, and maintaining Osun State Local Government Council accounts illegally without lawful authority by the Osun State government. — Tony… []
L-R: Jacqueline Ekpang, Zonal Head, Retail Sterling Bank Abuja; Tunde Akande, Business Executive, Institutional Banking, Sterling Bank Abuja; Omenta Rachael Chineye, Head of Community Sanitation and Education, Environmental Health and Safety Department, Environmental Protection Board Abuja; and Tochukwu Olife, Business Executive, Commercial Banking, Sterling Bank Abuja, at the nationwide Sterling Environmental Makeover(STEM) held in Abuja recently. By Muyiwa Akinola In a renewed commitment to strengthen… []
— Corpreneurship Winners By St. Johnson Adegboyega Unity Bank Plc has disbursed over N270 million in grants to young Nigerian entrepreneurs under its Youth Entrepreneurship Development Initiative: Corpreneurship Challenge, bringing the total number of beneficiaries since inception in 2019 to 608 corps members nationwide. The initiative, implemented in partnership with the National Youth Service Corps (NYSC) through its Skill Acquisition and Entrepreneurship Development (SAED) programme,… []
— Dr. Nneka Onyeali-Ikpe, MD/CEO Fidelity Bank PLC By Muyiwa Akinola Fidelity Bank Plc has successfully raised between N250 and N270 billion through a private placement, pushing its qualifying capital well-above the N500 billion minimum stipulated by the Central Bank of Nigeria (CBN) for banks with international authorisation. Market sources in the know of the transaction at the weekend said the placement, executed on December… []
As the March 31st deadline sets by the Central Bank of Nigeria (CBN) for the recapitalisation of banks in the country is fast approaching, 19 banks have already met the new capital requirements. First Bank Nigeria, Fidelity Bank and FSDH Merchant Bank join the league of recapitalised banks. This is as analysts say they expect more banks to conclude their recapitalisation plans between next week… []
— First Bank HQ, Lagos By St. Johnson Adegboyega FirstBank economic outlook 2026 FirstBank, West Africa’s premier financial institution and a leading financial inclusion service provider, has announced the Nigeria Economic Outlook 2026, scheduled to hold on Tuesday, 6 January 2025. The session will convene under the theme “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth.” A Platform That Sets the Economic… []
— First Bank HQ, Lagos By St. Johnson Adegboyega FirstBank, West Africa’s premier financial institution and financial inclusion service provider is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth” Nigeria Economic Outlook is an annual customer-facing session which sets the… []
— Mrs. Amaka Onwughalu By St. Johnson Adegboyega Tier one lender, Fidelity Bank Plc, has announced the completion of the tenure of Mr. Mustafa Chike-Obi as Chairman of its Board of Directors effective December 31, 2025, and the appointment of Mrs. Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026. The board transitions are in alignment with the Bank’s policy… []
— GTCO Logo By Adeola Idris Guaranty Trust Holding Company Plc (“GTCO” or the “Company”) has obtained the approvals of both the Central Bank of Nigeria (“CBN”) and the Securities and Exchange Commission to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements. The Financial Holding Company had earlier on August 29, 2025 announced… []
— CBN Governor, Olayemi Cardoso By St. Johnson Adegboyega The stipulated March 31 2026 recapitalization deadline is just 100 days before it lapses, 16 banks have already met the required capital thresholds, signaling a major hhmilestone in Nigeria’s ongoing banking sector reform. So far, the banks that have met the capital requirement for the licence categories they operate include Access Holdings, Zenith Bank, United Bank… []
— CBN Governor, Yemi Cardoso By Bunmi Onakan Nigeria’s banking sector is undergoing one of its most far-reaching reforms in decades as deposit money banks race to raise an estimated N4.14 trillion in fresh capital ahead of the March 31, 2026 recapitalisation deadline, according to a report by global professional services firm, Deloitte. The recapitalisation exercise, initiated by the Central Bank of Nigeria (CBN) in… []
By Adeola Idris As the festive season approaches, Access Holdings is redefining what Christmas looks like by putting health, fitness, and intentional living at the centre of the celebrations. In the lead-up to the 2026 Access Bank Lagos City Marathon, the brand has launched a Christmas health and fitness campaign designed to encourage Nigerians to stay active, make healthier choices, and end the year… []
