30 results
- 6 Dec 2023
CBN Says Some Banks Have Low Capital Adequacy Ratio
Some banks with international authorisation have a capital adequacy ratio below the regulatory threshold, according to Central Bank of Nigeria (CBN). The banking regulator disclosed this in its…
- 12 Mar 2018
Concerns as Some Banks Show Signs of Weakness
A Central Bank of Nigeria (CBN) stress test has shown that only large banks will stay above the regulator’s capital adequacy ratio threshold if the non-performing loans levels of the Deposit Money…
- 27 Dec 2021
Stanbic IBTC Bank Pledges to Improve Lending to Real Sector
Stanbic IBTC Bank Plc is set to improve on its lending to real sector of the economy, hence, grew its Loan to Deposit Ratio (LDR) by 69 per cent. With the regulatory measures to improve lending to…
- 6 Apr 2017
CBN’s Test Shows 3 Banks in Trouble
The Capital Adequacy Ratios (CARs) of three big banks have fallen below regulatory capital requirement, the result of stress test conducted by the Central Bank of Nigeria (CBN) on the status of the…
- 22 Jan 2014
Nigerian Banks Face Cash Crisis-CBN
A Capital Adequacy Ratio (CAR) audit of the 23 banks in the country by Central Bank of Nigeria (CBN) showed that some have “high level of liquidity crisis”, meaning that some have cash crisis.…
- 3 Aug 2016
Diamond Bank Considers Fresh Capital Injection
Uzoma Dozie, chief executive officer, Diamond Bank said the bank is considering raising fresh capital and selling some assets in order to maintain its capital ratios. He said the bank's capital plan…
- 11 Jun 2021
CBN Debunks Report on Planned Nationalisation of Unity Bank
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, Osita Nwanisobi, Acting Director, Corporate…
- 2 May 2021
Access Bank Assures Shareholders of Higher Dividend Payment
Access Bank Plc has assured shareholders of sustained dividend payout and improved performance in the years ahead. Mr Herbert Wigwe, Chief Executive Officer of the bank, gave the assurance while…
- 27 Aug 2025
Expiry of Loan Forbearance to Test Nigerian Banks’ Capital Buffers- Fitch
Nigerian banks are facing a potential increase in impaired loans and fresh pressure on their capital buffers as regulators prepare to withdraw systemwide forbearance measures that have underpinned…
- 3 Apr 2019
FCMB Eyes Debt Sale to Boost Capital
FCMB plans to raise tier II debt and retain profits this year to boost its balance sheet after the adoption of stricter accounting standards impacted its capital ratios, it said. The banking group…
- 29 Jul 2016
Skye Receives N100Bn from Central Bank
Skye Bank has received more than 100 billion naira in liquidity from the central bank since July 4 to shore up its operations, its new managing director said on Friday. Tokunmbo Abiru told reporters…
- 22 May 2017
S&P Assigns ‘B/B’ Ratings, Stable Outlook on UBA
International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These…
- 7 Nov 2018
S&P Downgrades Diamond Bank on Weaker-Than-Expected Asset Quality; Outlook Negative
S&P Global Ratings lowered its long- and short-term issuer credit ratings on d Diamond Bank PLC to 'CCC+/C' from 'B-/B'. The outlook is negative. It also lowered its long- and short-term…
- 26 May 2026
Fidelity Bank Hits N434.95bn Revenue in Explosive Q1 Growth Surge
Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to expand its core banking market share.…
- 10 Dec 2023
Fidelity Bank, Others Top List of Most Capitalized Banks in Q3 2023
Fidelity Bank, leading financial institution, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers,…
- 30 Aug 2017
Stanbic IBTC Grows Half-Year Profit by 113%
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has reported a profit after tax at N24.112bn for the 2017 half year, which represents a growth of 113 per cent compared to N11.317bn…
- 12 Oct 2016
UBA Grows Profit to N62Bn in Nine Months
United Bank for Africa Plc, yesterday announced its unaudited third quarter financial results recording a 7 per cent year-on-year growth in profit before tax to N62 billion despite the challenging…
- 9 Sept 2020
Fidelity Bank Plans N100Bn Bond Sale to Boost Capital
Fidelity Bank Plc plans to issue a N100 billion ($261-million) bond in the local currency to boost its capital ratios and funding capacity. The based bank wants to issue the debt in a series,…
- 3 Feb 2023
Greenwich Bank Raises N11.4bn for TAJ Bank Via Sukuk Issuance
Acting as the Lead Issuing House in the recently concluded Sukuk Issuance, Greenwich Merchant Bank Limited, has successfully supported TAJ Bank Limited to raise over N11.4 Billion via a Mudarabah…
- 23 Jun 2025
S&P Global Ratings Downgrades Ecobank Nigeria’s Credit Rating to CCC-, Outlook Negative
Ecobank Nigeria’s long-term issuer credit rating has been downgraded to ‘CCC-’ from CCC, with the outlook placed at negative by S&P Global Ratings. This is a resultant effect of the $150 million…
- 31 Jul 2022
NOVA Merchant Bank Grows Earnings by 25.7 Per Cent YoY, Reflecting Growth in Market Share
NOVA Merchant Bank Limited has announced its Audited Full Year 2021 financial results, showing an impressive 25.7% year-on-year growth in gross earnings to N17.03b (2020: N13.55b), as loans and…
- 10 Oct 2016
7 Nigerian Banks in Deep Financial Crisis – Report
Seven Nigerian banks are undercapitalised to the tune of N1trillion ($3.2billion), according to a stress test conducted by Arqaam Capital, a Dubai-based international investment bank. According to…
- 11 Apr 2017
UBA Delights Shareholders; Distributes N27.2bn in Dividends
Shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos.…
- 19 Jul 2026
Heritage Bank and Dangerous Politics of Corporate Survival in Nigeria
By Blaise Udunze The Heritage Bank’s banking license was revoked and it was ordered into liquidation on June 3, 2024. This remains one of the most controversial and widely debated events in Nigeria's…
- 3 Jan 2019
Access Bank, Diamond Bank Merger to Create Africa's Biggest Bank
A planned merger between Access Bank and Diamond Bank is set to form the largest banking group in Nigeria and Africa by number of customers according to the two lenders. Global Finance, a…
- 8 Oct 2014
Fitch Says Nigerian Banks Performing Well Despite Hurdles
Europen rating agency, Fitch Ratings, yesterday gave Nigerian banks clean bill of health, in spite of the Central Bank of Nigeria’s (CBN) tight monetary policy and new banking rules. The rating…
- 27 Apr 2022
GTCO Plc Releases Q1 2022 Unaudited Results, Reports ₦54.3b Profit Before Tax
Guaranty Trust Holding Company Plc has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock…
- 7 Feb 2021
AXA Mansard Gets AM Best BBB- Rating
Rating agency, AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of AXA Mansard Insurance Plc. The outlook of these Credit…
- 24 Apr 2019
UBA’s Capital Buffer Strong to Support Growth—Uzoka
Mr Kennedy Uzoka, group managing director, United Bank for Africa (UBA) Plc has assured shareholders of the company that the lender was strong enough to weather any storm. According to him,…
- 28 Jan 2021
Ecobank Nigeria Earmarks N50Bn To Boost MSME’s
Patrick Akinwuntan, the managing director, Ecobank Nigeria, has said the bank’s newly sourced N50 billion credit will be deployed to support Micro, Small and medium scale enterprises (MSMEs) and…