Major Nigerian banks are facing delays in releasing their half-year 2026 financial results as the Central Bank of Nigeria (CBN) intensifies its review of lenders’ assets, earnings quality and regulatory compliance. Five systemically important banks — Guaranty Trust Holdings Company (GTCO) Plc, Access Holdings Plc, Zenith Bank International Plc, United Bank for Africa (UBA) Plc…
Guaranty Trust Holding Company Plc (GTCO) has secured approval from the Nigerian Exchange Limited (NGX) to extend the deadline for publishing its audited half-year financial statements for the period ended June 30, 2026. The new deadline has been set for September 30, 2026, subject to GTCO obtaining the required regulatory approval before releasing the results…
United Bank for Africa (UBA) Plc has appointed Ibrahim Ajimasu Puri as a Non-Executive Director of the bank, subject to approval by the Central Bank of Nigeria (CBN). The appointment was disclosed in a regulatory filing with the Nigerian Exchange Limited (NGX) on Thursday and signed by the Group Company Secretary and Legal Counsel, Bili…
First City Monument Bank (FCMB) has unveiled plans to deepen its agritech strategy by deploying artificial intelligence-powered advisory services in major Nigerian languages to improve access to finance, information and support for smallholder farmers. The bank disclosed this in its Agritech Alumni Impact Report covering 2018 to 2026, stating that it would continue to support…
By Seun Ibiyemi Chairman of First HoldCo Plc, Femi Otedola, has acquired an additional 147.74 million shares in the financial services group for N20.68 billion through his investment vehicle, Calvados Global Services Limited. The transaction, disclosed in a regulatory filing obtained from the Nigerian Exchange (NGX), involved the purchase of 147,737,699 ordinary shares at N140…
Activity in Nigeria’s interbank foreign exchange market surged on Monday, with total turnover rising by 265.86 per cent to $437.53 million, amid improved liquidity and growing confidence in the naira. The latest turnover was the highest recorded since July 22, 2026, and represented a sharp increase from the $119.59 million traded on Friday. The number…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (GTCO) recorded a significant rise in interest income in the first quarter of 2026, as higher interest rates and growth in its earning assets continued to strengthen the group’s interest-driven revenue. GTCO’s interest income rose to N467 billion in Q1 2026, from N77.04 billion recorded in the…
The naira strengthened further against the United States dollar on Thursday, supported by recent measures by the Central Bank of Nigeria (CBN) to ease restrictions on banks’ access to foreign exchange and government securities transactions. The local currency appreciated by N2.93 at the Nigerian Foreign Exchange Market (NFEM), with the dollar quoted at N1,357.65, compared…
The Central Bank of Nigeria (CBN) has announced the commencement of the second cohort of its Regulatory Sandbox Programme, introducing a new dual-track structure to support responsible innovation in virtual assets and data-enabled financial services. Applications for the programme opened on August 12, 2026, and will close on August 31, 2026. The new cohort will…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has attributed Nigeria’s rising foreign reserves to renewed investor confidence and sustained capital inflows, saying its ongoing economic reforms are strengthening macroeconomic stability and restoring confidence in the country’s financial system. Speaking on behalf of the CBN Governor, Olayemi Cardoso, the Acting Director of Corporate Communications…
