Nigerian banks

System liquidity increased from ₦3.6 trillion in the previous week, supported largely by banks’ placements at the Central Bank of Nigeria’s Standing Deposit Facility and inflows from maturing securities.

Access Bank, UBA, FirstBank, and Zenith Bank lead the 10 million-plus download category, showing the strength of their large customer bases. Access Bank’s mobile app ranks first with more than 746,000 reviews and a strong 4.5-star rating. ALAT...

June 15, (THEWILL) — Nigerian banks generated ₦224.69 billion from electronic banking services and ATM/card-related charges in the first quarter of 2026, reflecting the growing adoption of digital payment channels across the country. Analysis of the unaudited financial statements of...

May 03, (THEWILL) — ‎On 28 March 2024, the Central Bank of Nigeria (CBN) announced a recapitalisation programme to produce stronger, healthier and more resilient banks that could support the goal of a $1 trillion economy by 2030. New...

February 09, (THEWILL) — Nigeria entered a new phase of digital taxation in January 2026 with the implementation of the Nigeria Tax Act 2025, one of the most comprehensive fiscal reforms in decades. Central to the overhaul is a...

December 25, (THEWILL) — Nigerian banks flooded the Central Bank of Nigeria (CBN) with excess liquidity on Christmas Eve, depositing a combined ₦3.7 trillion through the Standing Deposit Facility (SDF), underscoring persistent surplus cash in the banking system despite...

December 21, (THEWILL) — Nigeria’s largest banks have increasingly repositioned their balance sheets toward government securities, with holdings of sovereign instruments rising to N49.152 trillion in the third quarter of 2025. The shift, driven by Nigeria’s elevated interest-rate environment,...

November 02, (THEWILL) — Nigeria’s major banks posted estimated gross earnings of ₦10.8 trillion in H1 2025, a double-digit growth compared to equivalent period in 2024. Investigations revealed that despite a significant revenue growth, aggregated profit before tax (PBT) across these...

October 13, (THEWILL) — One and half years after the Central Bank of Nigeria (CBN) mandated deposit money banks (March 28, 2024) to raise their capital base, a comparative review of market performance between October 2024 and October 2025...

May 15, (THEWILL) – The astronomical rise in banks’ profits as reflected in the 2024 full year financial report has exposed the banking industry as a lucrative enterprise powered by arbitrary charges imposed on unwilling customers. In some cases,...