Category : Search result: Nigerian banks capitalisation


Tinubu Hails NGX's N100 Trillion Market Capitalisation

President Bola Tinubu celebrates the Nigerian Exchange surpassing N100 trillion market cap, urging citizens to deepen domestic investments. He links the feat to economic reforms and projects stronger 2026 returns.

Nigerian Albums Turning 10 in 2026: Revisit 2016

As 2026 approaches, we revisit iconic Nigerian albums from 2016 that shaped a pivotal year in Afrobeats. From Burna Boy to Olamide, explore the projects that defined a generation.

UBA Beats CBN's N500bn Capital Target Early

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

RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline

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.

Banks Alert Customers on New N50 Stamp Duty Rule

GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.

Fidelity Bank Crosses N500bn Capital Threshold

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.

Nigerian Stock Market Breaks N100 Trillion Barrier

The Nigerian Exchange (NGX) has surged past the N100 trillion market capitalisation mark for the first time. Discover the key drivers, top-performing stocks, and what this means for investors in 2026. Read the full analysis now.

CBN Lists 28 Banks Not Allowed to Operate Abroad

The Central Bank of Nigeria has published a list of 28 banks restricted to domestic operations. Discover which institutions lack international licenses and the impact of the ongoing recapitalisation drive.

Nigerian Arrested in Libya for Child Assault

Tripoli police arrest a Nigerian migrant accused of severely beating a minor. The suspect has been handed over to authorities for prosecution. Read the full report.

Banks to Charge N50 Stamp Duty from Jan 1, 2026

Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.

N50 Stamp Duty on Bank Transfers Starts 2026

From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.

Stock Market Cap Hits N98.8trn on High Volume Trading

The Nigerian equities market surged by N411 billion on Tuesday, with trading volume jumping 219% to 4.68 billion shares. Market capitalisation closed at N98.843 trillion. Discover the top gainers and losers.

22 Nigerian Stocks Surpass N1 Trillion Market Cap

The Nigerian Exchange (NGX) reaches a new milestone as 22 listed companies achieve a market capitalisation above N1 trillion, dominating the equity market. Discover the full list and what it means for investors.

Nigerian Stock Market Gains N541bn in Santa Rally

The Nigerian equities market closed the last Monday of 2025 on a bullish note, with investors gaining N541.73 billion. The All-Share Index rose 0.55% as the Santa Claus rally extended post-Christmas.

How Nigerians Demonstrate Respect in Daily Life

Explore the intricate cultural protocols of Nigerian respect, from elaborate greetings and honorifics to body language and hospitality. Learn the unspoken rules that govern social cohesion.

Nigerian Diaspora: Top Destinations Revealed

Discover which countries host the largest Nigerian populations abroad. We break down the data on UK, US, and Canada, revealing surprising migration shifts and key diaspora hubs.

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