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Tag: Nigerian banks

Femi Otedola Will Pocket $2.17-million Dividend From FirstBank
July 27, 2026
Business

First HoldCo Makes ₦526 Billion in Six Months. Can It Keep This Up?

First HoldCo made ₦526.13 billion in profit after tax in the first half of 2026. The numbers show stronger earnings, but investors are watching whether the growth can continue.

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Nigerian Banks
July 21, 2026
Business

First HoldCo overtakes Zenith as NGX’s most valuable banking group

First HoldCo Plc has displaced Zenith Bank as Nigeria’s most valuable listed banking group after its market capitalization climbed to N4.797 trillion at the close of trading on Monday. Zenith

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Banks
July 20, 2026
Business

CBN’s 20% Holdco Rule Could Force Eight Banks to Raise N1.74trn

Eight of Nigeria’s largest banking groups may need to raise about ₦1.74 trillion in fresh equity if the Central Bank of Nigeria adopts its proposed capital rules for financial holding

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Banks
July 6, 2026
Business

Nigeria’s 10 Largest Banks by Branch Network in 2026

Access Bank, FirstBank and Zenith Bank Lead Nigeria’s Physical Banking Footprint Nigeria’s banking industry is becoming more digital, but physical branches are still very important. Mobile apps, USSD codes, online

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June 25, 2026
Business

UBA CEO Warns Banks: AI Without Risk Control Could Expose Financial Institutions

The Group Managing Director and Chief Executive Officer of United Bank for Africa (United Bank for Africa), Oliver Alawuba, has warned Nigerian banks against rushing into artificial intelligence adoption without

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