Nigerian banking News

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• Access Holdings Reports Record N743 Billion Net Profit Driven by FX Gains and Strategic Acquisitions

  Published: May 1, 2026

  Section: Africa

  Access Holdings has posted its highest-ever annual net profit of N743 billion, a 16% increase over the previous year. While the group’s Nigerian and UK divisions drove the bulk of...

• Wema Bank Reports Record 116% Profit Growth To N222 Billion In 2025 Financial Year

  Published: Apr 9, 2026

  Section: Africa

  Wema Bank Plc has announced a historic financial performance for 2025, with profit before tax surging to N221.85 billion. The lender’s growth was driven by a 103% rise in net inter...

• Zenith Bank Announces Appointment of Kennedy Okwudili as Executive Director to Strengthen Internal Leadership Succession Strategy

  Published: Mar 24, 2026

  Section: Africa

  Zenith Bank Plc has promoted Kennedy Okwudili to the position of Executive Director, with his tenure officially commencing on May 1, 2026. The move aligns with the financial instit...

• Lagos High Court Freezes Petrocam Accounts and Director BVN Over Alleged N9 Billion Debt to Zenith Bank

  Published: Mar 12, 2026

  Section: Africa

  Justice Chukwujekwu Aneke has issued an interim order restraining Petrocam Trading Nigeria and its principal, Patrick Ilo, from accessing funds across various financial institution...

• Alpha Morgan Bank Secures Central Bank Capitalization Approval to Drive National Expansion Strategy Across Nigeria

  Published: Mar 7, 2026

  Section: Africa

  The Central Bank of Nigeria has officially affirmed the capitalization status of Alpha Morgan Bank, validating the institution’s compliance with national regulatory benchmarks. Thi...