Fidelity Bank Plc has successfully raised its capital base to N564.5bn, crossing the CBN's N500bn threshold for international banks. Discover how the recapitalisation race is reshaping Nigeria's banking sector with the March 2026 deadline looming.
Eterna Plc has opened a N21.52 billion rights issue to fund its downstream expansion and strengthen its balance sheet. The offer closes on February 18, 2026. Read the full details.
As the March 31, 2026 deadline looms, 22 of 34 Nigerian banks have secured their licenses under new CBN capital rules. Find out which banks are safe and what mergers are reshaping the sector.
With the March 31 deadline looming, at least 12 Nigerian banks are struggling to meet the CBN's new capital requirements. Discover the full list and potential outcomes for the banking sector.
United Bank for Africa (UBA) has successfully raised N157.84 billion through a rights issue, exceeding the Central Bank of Nigeria's N500 billion minimum capital requirement. The offer was oversubscribed by 113%, demonstrating strong investor confidence.
United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details
First Bank of Nigeria has successfully raised its capital base to meet the Central Bank's N500 billion requirement. The funds will drive support for the real sector and enhance digital innovation. Read more.
A Federal High Court in Abuja has granted bail to former AGF Abubakar Malami, his wife, and son under strict conditions. Read the full details of the ruling and its implications.
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
FirstBank has successfully met the CBN's N500 billion capital requirement ahead of schedule. The move strengthens its financial base for sector support and expansion. Read more.
Fidelity Bank Plc has successfully raised over N250bn in a single day, meeting the CBN's N500bn capital requirement. The move cements its position among Nigeria's top-tier lenders ahead of the March 2026 deadline.
Families plead for government action as bandits demand N500 million for five Kwara road construction workers kidnapped two weeks ago. Read the urgent appeal for their safe release.
RusselSmith Nigeria Limited has successfully repaid its N3 billion Series 1 Commercial Paper, fulfilling all investor obligations on schedule. This milestone reinforces its credibility in Nigeria's capital markets. Discover the details.
A heartwarming story from Lagos where a street hustler, known as an 'area boy', surprised a man who regularly gifts him money with a parcel of N5 notes. See how Nigerians reacted to this festive gesture of appreciation.
A Nigerian lady asked her mother to refund N500 for pepper, but her mum's hilarious WhatsApp clapback went viral. See the full chat and reactions!
Benue State Governor Hyacinth Alia presents a ₦605.5bn budget for 2026, focusing on rural development and growth. Read the full details and allocations here.
SEEDAN lauds President Tinubu for approving a N50 billion catalytic fund to strengthen Nigeria's seed sector, boost agribusiness, and enhance national food security. Learn how this impacts farmers.
Nollywood actress Doris Ogala released after Pastor Chris Okafor reportedly begged on his knees. Details of the N1bn marriage promise suit and DSS involvement revealed.
The 2022 Auditor-General's report reveals N288 billion in financial irregularities within INEC from 2018-2019, citing procurement flaws and undocumented payments. Read the full details and calls for accountability.
Aliko Dangote gives Kaduna businessman Kailani Mohammed 7 days to retract libellous publication accusing him of 'unclean business' or face a N100 billion lawsuit. Full details.
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
Aliko Dangote threatens a N100 billion lawsuit against Engr. Kailani Mohammed over alleged defamatory claims about his business past. The businessman has seven days to retract and apologize.
The US and Nigeria have signed a landmark $5.1 billion health agreement. The deal includes $200 million specifically for over 900 Christian faith-based health facilities serving millions nationwide.
Former Labour Minister Chris Ngige pleads not guilty to N2.2bn fraud charges. He insists his three-decade public service record is unblemished. Read the full details of the EFCC case and his defence.
Nollywood actress Doris Ogala was reportedly taken into custody by police during a live interview. The arrest follows her N1 billion legal demand against Pastor Chris Okafor over a breached marriage promise.
Pastor Lazarus Muoka leads The Lord's Chosen Charismatic Revival Movement in celebrating 23 years of ministry, driven by a divine vision to win 10 billion souls for heaven. Read about their anniversary retreat and global evangelism mission.
NIVEA Nigeria launches its biggest-ever consumer promo, investing N3 billion in cash prizes, SUVs, and trips to watch Real Madrid live in Spain. Find out how to participate.
A Delaware court has reversed a previous ruling, clearing the way for Tesla CEO Elon Musk to receive his contested $56 billion compensation. Get the full details on this landmark business decision.
An FCT High Court has barred former Abia Information Commissioner Eze Chikamnayo from making defamatory comments against Governor Alex Otti, pending a N100bn lawsuit. Details on the legal battle.
Fidson Healthcare Plc announces a N21 billion rights issue to boost manufacturing and African expansion. The offer is priced at N35 per share for existing shareholders. Read more.