UBA Raises ₦178.3bn Rights Issue to Surpass ₦500bn CBN Capital Threshold For Tier-1 Banks
United Bank for Africa (UBA) has successfully raised ₦178.3 billion through a rights issue, lifting its capital base above the...
FCMB, Polaris, Keystone Banks Among Lenders Racing to Meet CBN Recapitalisation Deadline
As the March 31, 2026 recapitalisation deadline draws closer, Polaris Bank, Keystone Bank, FCMB and several others are yet to...
Africa Startup Funding Rebounds 41% to $3.2bn in 2025
Africa’s startup ecosystem rebounded strongly in 2025, with venture-backed companies raising between $3.1 billion and $3.2 billion, a 41 percent...
FCCPC Brings 521 Digital Lenders Under Regulation Amid Nigeria’s Digital Credit Crackdown
A total of 521 digital lending companies are now under the regulatory oversight of the Federal Competition and Consumer Protection...
Firstbank, Zenith Bank, GTCO, Fidelity Bank, 15 Others Meet CBN Recapitalisation (FULL LIST)
With fewer than 90 days to the Central Bank of Nigeria’s (CBN) March 31, 2026 recapitalisation deadline, 19 banks have...
Banking Stability, Fintech Oversight, Inflation Control Top CBN 2026 Reform Agenda
The Central Bank of Nigeria (CBN) has outlined a reform agenda for 2026 centred on banking system stability, tighter fintech...
GTCO, Zenith, UBA, 10 Others’ Market Cap Rise To N16.14tn Amid CBN Recapitalisation Drive
The combined market capitalisation of Guaranty Trust Holding Company Plc (GTCO), Zenith Bank Plc, United Bank for Africa Plc (UBA)...
Fidelity Bank Raises Up to ₦270bn in Private Placement, Exceeds CBN ₦500bn Capital Requirement
Fidelity Bank Plc has successfully raised between ₦250 billion and ₦270 billion through a private placement, pushing its qualifying capital...
FirstBank Meets CBN’s ₦500bn Capital Requirement Ahead of March 2026 Deadline
First Bank of Nigeria (FirstBank) has met the Central Bank of Nigeria’s (CBN) ₦500 billion minimum capital requirement for banks...
50 Tax Exemptions and Reliefs to Benefit Nigerians Under New Tax Reform Laws (FULL LIST)
Nigeria’s new tax reform laws which took effect since January 1, 2026, introduced wide-ranging exemptions and reliefs aimed at easing...
