By Seun Ibiyemi The Central Bank of Nigeria (CBN) has emphasised that strong corporate governance and rigorous risk discipline are essential to the success of the country’s ongoing bank recapitalisation programme. This position was reiterated by the apex bank during a virtual risk management roundtable organised by the Association of Enterprise Risk Management Professionals in…
By Seun Ibiyemi Wema Bank Plc has reported a profit before tax of N221.85 billion for the 2025 financial year, representing a 116 per cent increase compared with N102.51 billion recorded in 2024. The bank disclosed this in a statement issued on Wednesday in Lagos, attributing the strong performance to sustained growth in its core…
By Seun Ibiyemi The fintech subsidiary of Guaranty Trust Holding Company, HabariPay, posted a profit after tax of N9.7 billion for the 2025 financial year, marking a significant 155 per cent increase from the N3.8 billion recorded in 2024. The performance was disclosed in the company’s recently released full-year financial results, which attributed the sharp…
By Seun Ibiyemi Standard Chartered Bank Nigeria has emerged as the leading Mergers and Acquisitions (M&A) financial adviser in West Africa by deal value, reinforcing its position in the region’s corporate finance landscape. The bank announced the achievement in a statement issued on Wednesday by its Head of Corporate Affairs, Brand and Marketing, Ms Joke…
By Seun Ibiyemi Zenith Bank Plc has released its audited financial results for the full year ended December 31, 2025, reporting solid earnings growth and a significant increase in shareholder returns despite a slight dip in profit before tax. The bank posted gross earnings of N4.19 trillion, representing a six per cent year-on-year increase from…
By Seun Ibiyemi The Naira maintained relative stability against the US Dollar on Tuesday, with the official exchange rate in Nigeria’s foreign exchange market hovering around ₦1,378 to ₦1,380 per dollar in early trading. According to data from the Nigerian Foreign Exchange Market (NFEM), the Naira opened the session around ₦1,379.30 per dollar and fluctuated…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) imposed a total of about N391 million in penalties on Custodian Investment Plc in the 2025 financial year over multiple regulatory infractions, underscoring tighter enforcement of compliance rules in the financial sector. Details contained in the company’s audited financial statements filed on the Nigerian Exchange (NGX)…
By Seun Ibiyemi Wema Bank Plc has reported a profit before tax of N221.8 billion in its audited financial results for the 2025 financial year, representing a 116.44 per cent increase compared to N102.5 billion recorded in 2024. The audited figure is slightly lower than the previously released unaudited profit of N222 billion, reflecting marginal…
By Seun Ibiyemi Nigeria’s broad money supply (M3) recorded a marginal decline to N123.15 trillion in February 2026, down from N123.36 trillion in January, according to the latest data released by the Central Bank of Nigeria (CBN). Despite the slight month-on-month drop, the figure remains significantly higher than the N110.71 trillion recorded in February 2025,…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has inaugurated a Payments Service Providers’ Committee aimed at strengthening coordination among stakeholders, addressing industry challenges and sustaining the rapid growth of digital payments in the country. Speaking at the committee’s inaugural meeting in Lagos, CBN Deputy Governor (Economic Policy), Abdullahi Sani, said the initiative brings…
