— 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… []
— Executive committee during meeting By Muyiwa Akinola First HoldCo Plc delivered a standout performance on the equities market on Wednesday, December 17, 2025, as renewed investor demand propelled the stock to an unprecedented market close of N39.60, marking a N3.60 gain to advance on a maximum of 10.0% on the gainers table from its previous level. The rally followed a volatile intraday session… []
— Polaris Bank representatives at Kuramo and Victoria Island Junior and Senior Secondary Schools, Lagos. By Bunmi Onakan Polaris Bank has continued its commitment to empowering the Nigerian girl-child through health education and essential support, with the successful distribution of female hygiene essentials to female students of Kuramo and Victoria Island Junior and Senior Secondary Schools, Lagos. This initiative stems from Polaris Bank’s 2025 International… []
— Oxygen X Takes Credit Access on the streets By St. Johnson Adegboyega Oxygen X Finance Company activated a community-focused roadshow at Balogun and the Trade Fair Market from the 9th to 12th of December 2025, taking digital credit access directly to traders and small business owners at the heart of Nigeria’s informal economy. With Nigeria’s credit penetration estimated at just 6–7%, millions of entrepreneurs… []
— Flutterwave Founder and CEO, Olugbenga “GB” Agboola By St. Johnson Adegboyega At CNN’s inaugural Global Perspectives summit, Flutterwave Founder and CEO Olugbenga “GB” Agboola shared his vision for Africa’s digital economy, one where Flutterwave serves as the “payment superhighway”, boosting intra- and inter-African trade by connecting the continent to the rest of the world and vice versa.The summit, themed “Africa’s Role in a Changing… []
By BLAISE UDUNZE Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine months of 2025 which represents a staggering 49 percent increase from the N1.32 trillion recorded in the same period of 2024. Behind these figures lies a deeper question that speaks to the very soul… []
