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Category: Finance

Fidelity Bank Takes Lead in Banking Recapitalisation Drive
FinanceNews

Fidelity Bank Takes Lead in Banking Recapitalisation Drive

NEWS BAR NGApril 13, 2026

As the Central Bank of Nigeria’s (CBN) recapitaliSation exercise came to an end March 31, 2026,  most banks operating in…

Zenith Bank Maintains Its Leadership Streak With PBT of 1.26trn, Declares 100% Increase In Dividend
BusinessFinanceNews

Zenith Bank Maintains Its Leadership Streak With PBT of 1.26trn, Declares 100% Increase In Dividend

NEWS BAR NGApril 8, 2026

Zenith Bank PLC has released its audited group financial results for the full year ended December 31, 2025. The Group’s…

McKinsey: Nigerian Banks’ Revenue Pool to Hit $16bn by 2030 Amid Consolidation Push
FinanceNews

McKinsey: Nigerian Banks’ Revenue Pool to Hit $16bn by 2030 Amid Consolidation Push

NEWS BAR NGApril 1, 2026

Nigeria’s banking industry is on course for a structural transformation that will see market size rise to $16 billion by…

FG Monitors Middle East Tensions to Protect Nigeria’s Economy  
BusinessFinanceNews

FG Monitors Middle East Tensions to Protect Nigeria’s Economy  

NEWS BAR NGMarch 11, 2026

 Abiola Sopeju The Federal Government has announced that it is closely monitoring escalating geopolitical tensions in the Middle East involving…

CBN Boosts Foreign Reserves with Indigenous Gold as Holdings Hit $3.5bn
FinanceNews

CBN Boosts Foreign Reserves with Indigenous Gold as Holdings Hit $3.5bn

NEWS BAR NGMarch 5, 2026March 5, 2026

The Central Bank of Nigeria (CBN) has bolstered its foreign reserves with the addition of responsibly sourced gold refined to…

Reuters Report: Naira Expected to Remain Bullish against US Dollar Next Week
BusinessFinanceNews

Reuters Report: Naira Expected to Remain Bullish against US Dollar Next Week

NEWS BAR NGFebruary 20, 2026

Nigeria’s currency is expected to strengthen further against the dollar in the next week to Thursday, while those of Kenya,…

As CBN Opens Official FX Market to BDCs, Dollar Crashes to N1,348/$
BusinessFinanceNews

As CBN Opens Official FX Market to BDCs, Dollar Crashes to N1,348/$

NEWS BAR NGFebruary 12, 2026

The Naira strengthened to N1,348 against the US dollar on the Nigerian Foreign Exchange Market (NFEM) yesterday, indicating a 14-month…

NRS Targets N40.71tn Revenue for 2026, Collected N28.3tn in 2025
FinanceNews

NRS Targets N40.71tn Revenue for 2026, Collected N28.3tn in 2025

NEWS BAR NGFebruary 11, 2026

Executive Chairman, Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, yesterday, disclosed that the federal government had set a revenue target…

Stock Market Drops by N395bn as Investors Intensify Profit-taking
FinanceNews

Stock Market Drops by N395bn as Investors Intensify Profit-taking

NEWS BAR NGJanuary 26, 2026

The Nigerian stock market last week recorded its first weekly negative performance, extending its losing streak as investor sentiment weakened…

CBN Urges Banks to Ensure Fraud Reduction, Enforce 30-minute Response Rule
FinanceNews

CBN Urges Banks to Ensure Fraud Reduction, Enforce 30-minute Response Rule

NEWS BAR NGJanuary 22, 2026

The Central Bank of Nigeria (CBN) has challenged banks and payment service providers to commit to measurable reductions in electronic…

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