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Nigerian Banks Post Tepid Q1 Loan Growth as GTCO Least Likely to Extend Credit

Nigeria's top five banks expanded loan books by a meager average (4.6%) in the First Quarter (Q1) of 2026, signaling caution despite Central Bank...

Fidelity Bank Sets Aside ₦19.8 Billion For Legal Loss as Claims Now Double 2025 Profit

Fidelity Bank Plc disclosed potential losses of up to ₦19.8 billion from ongoing litigation, as claims against the lender skyrocketed 3,412% to ₦491.8 billion...

Tinubu Reforms Power Nigeria Stocks Past New Zealand as Bonds Crush EM Peers

Nigeria's stocks, bonds and naira are surging as investors embrace President Bola Tinubu's economic overhaul. Nigeria's NGX All-Share Index has rocketed 66% in dollar terms...

OPay Prepares $4 Billion US IPO, Eclipsing Zenith, GTCO Valuations

OPay Digital Services Limited, the SoftBank-backed payments platform, has tapped Citigroup, Deutsche Bank, and JPMorgan Chase to lead its upcoming initial public offering (IPO)...

Access Holdings to Sell Stakes in Foreign Units After CBN’s 10% Capital Cap

Access Holdings Plc plans to sell down equity in select overseas subsidiaries to meet new Central Bank of Nigeria (CBN) rules capping foreign investments...

United Capital Directors Snap Up 5 Million Shares in Insider Buying Spree

Insiders at United Capital Plc have aggressively bought over 5 million shares since March 2026 at an average price of ₦18.18 per share, pouring...

Access Shareholders Sue to Oust Chairman Aig-Imoukhuede, Suspend Bank Head Usoro Over Wigwe Estate Row

Minority shareholders of Access Holdings Plc have sued to remove Chairman Aigboje Aig-Imoukhuede and suspend Access Bank Plc Chairman Paul Usoro amid a festering...

GTCO Profit Drops 15.4% in Q1 2026, Pressured by Taxes and Weak Income

Guaranty Trust Holding Company (GTCO), a bellwether for the Nigerian banking sector, reported a 15.4% decline in Profit After Tax (PAT) for the first...

Champion Breweries’ Profit Plunges 51% on Finance Costs as EnjoyCorp Rakes in ₦287M Fees

Champion Breweries Plc (NGX: CHAMPION) is facing a critical execution crisis as its aggressive, debt-fueled expansion strategy begins to weigh heavily on its bottom...

Why UBA’s ₦146bn Q1 Profit Shows Earnings Quality as Interest Income Jumps

United Bank for Africa (UBA) Plc has unveiled its Q1 2026 financials, showcasing a lender that has successfully leveraged its massive ₦33.1 trillion asset...

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