banking

Signature Bank Limited has exceeded Nigeria's N50 billion minimum capital requirement for regional banks through a rights issue, becoming one of the first institutions to comply with the Central Bank's recapitalisation directive.

Kenya's KCB Group reported $530 million net profit for 2025 driven by National Bank of Kenya divestiture, while Nigerian fintech PalmPay expands physical presence amid tightening Central Bank oversight.

FCMB Group completed CBN's N500bn capital requirement ahead of deadline while private sector credit fell 2.8% YoY to N75.24trn in January, highlighting divergent trends in Nigeria's banking sector despite inflation moderation to 15.51%.

Major Nigerian lenders are exploring consolidation and completing capital raise programs ahead of the Central Bank of Nigeria's recapitalization deadline, with FCMB Group reaching N266.5 billion in verified eligible capital and South Africa's FirstRand eyeing market entry.

Federal High Court orders account freeze for Petrocam Trading and its principal over alleged ₦9.05 billion debt to Zenith Bank, while Alexander Forbes processes over 100,000 pension withdrawals in five days, causing technical strain.

Mid-tier and smaller Nigerian banks are struggling to meet the Central Bank of Nigeria's recapitalisation requirements as the deadline nears, while major lenders have successfully raised capital, creating a two-tier banking system.

Nigerian banks and insurers are expanding strategic partnerships and customer education initiatives, with Mutual Benefits Assurance settling N5.93 billion in claims in January 2026 while Ecobank reinforces cross-border trade facilitation across Africa.

The Federal Mortgage Bank of Nigeria posted N152.4 billion in housing fund collections with 48% growth, while commercial banks expanded services targeting women entrepreneurs and small businesses through infrastructure investments.

Nigeria's mid-sized banks delivered robust profit growth in 2025, with FCMB Group and Wema Bank outpacing peers, while BUA Cement's 367% profit surge highlighted broader corporate earnings strength across Africa's largest economy.

Nigeria's banking sector shows robust growth with Jaiz Bank posting 75% monthly gains following N31.3 billion profit, while Access Bank eliminates outbound transfer fees for Pan-African Payment and Settlement System transactions through April 2026.

Nigeria's Central Bank reports 20 lenders have satisfied revised minimum capital thresholds ahead of the March 2026 deadline, while pension fund equity allocations climbed to N3.96 trillion over five years, signaling strengthened institutional participation in domestic markets.

Industry associations launch education campaigns to counter misinformation as five banking stocks trail market indices, raising concerns about sector stability amid ongoing recapitalization discussions.

Nigeria's financial sector shows divergent liquidity patterns as commercial banks deposit N3.57 trillion in the Central Bank's Standing Deposit Facility over three days, while the Federal Mortgage Bank records its strongest operational performance in decades with N19.5 billion net surplus.

Absa Group's pursuit of Kenyan acquisitions signals renewed confidence in pan-African banking integration, while Nigeria's stock market adds N1.7 trillion in value driven by telecommunications heavyweight MTN.

Nigeria's foreign exchange reserves reached $48.5 billion, the highest level since 2013, while Sterling HoldCo completed its oversubscribed public offer and FMBN posted a 68.4% year-on-year surplus increase, signaling robust recovery across the financial sector.