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Wema Bank Profit Skyrockets 125% as ‘ALAT’ Ecosystem Drives ₦194bn PAT

…Proposes ₦1.25 Dividend Payout Wema Bank Plc, Nigeria’s pioneer digital bank, has delivered a breakout financial performance for the 2025 fiscal year. The mid-tier lender recorded...

Dangote Refinery Inks $4 Billion Financing Deal For Expansion From Afrexim, Access Bank

Dangote Petroleum Refinery announced a landmark $4 billion financing agreement to accelerate its expansion into the fuel and petrochemical sectors. This strategic capital injection, led...

Why Aradel and Seplat Investors Are Seeing Paper Gains But Little Cash

The Nigerian oil and gas sector is currently caught in a valuation tug-of-war. While Aradel Holdings, Seplat Energy, and Oando are riding a wave...

Flutterwave Secures Nigerian Banking License to Accelerate Payment Efficiency

Flutterwave Inc., a leading payments technology company, announced it has secured a Nigerian banking license. This license enables the company to hold funds and deposits...

Royal Exchange Profit Slumps 14.85% Amid Robust Liquidity Position

Royal Exchange Plc capitulated to local and global economic headwinds as the company’s profit slumped even amid a robust liquidity position that provides flexibility...

Mission Accomplished: CBN Ends Recapitalization as 33 Banks Raise ₦4.65 Trillion

The Central Bank of Nigeria (CBN) has officially concluded its 24-month banking sector recapitalization programme, marking a historic shift in the nation's financial architecture. Since...

GTCO’s 52% Reliance on Investment Securities Signals “Real Banking” Retreat

Analysis of Guaranty Trust Holding Company (GTCO) Plc's FY 2025 financial results reveals a business model that minimizes real sector banking. While the group earned...

GTCO Profit Dips 15% as Other Income’ Plummets

Guaranty Trust Holding Company (GTCO) profit after tax fell by 15% to N865.7 billion in December 2025 from N1.017 trillion in December 2024. This came...

Stanbic IBTC Asset Management Eyes Real Estate Dominance with New Fund

Stanbic IBTC Asset Management (AM) Limited, Nigeria’s leading fund manager, is at an advanced stage of launching its own Real Estate Development Fund. This strategic...

GCR Flags Potential Liquidity Pressure as Champion Scales Operations

Champion Breweries Plc is navigating a significant shift in its capital structure as of March 30, 2026. Following an aggressive acquisition and a push for...

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