Banking Sector

Nigeria’s quest to reduce its dependence on crude oil may be entering a more consequential phase, but the country’s ability to translate rising non-oil exports into sustainable economic growth will depend on whether it can move beyond selling raw commodities and begin exporting more processed and higher-value products.

January 12, (THEWILL) — As Nigeria’s banking industry races toward a March 2026 regulatory deadline, recapitalisation has moved beyond a box-ticking exercise to become one of the most consequential structural shifts the sector has seen in two decades. What...

Based on their performance trajectory in the year, Nigeria’s four largest deposit money banks (DMBs) by assets, will raise the banking industry’s total assets with a minimum of N15 trillion in 2022, THEWILL findings have revealed. The four DMBs,...