NOVA Bank has announced a record profit following its transition from a merchant bank to a retail bank, after receiving ...

Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still in need of huge capital injections ...

Access Bank Plc, Nigeria biggest lender by assets, raised 351 billion naira ($228 million) in a rights offer to boost its capital above a new regulatory threshold as it embarks on an expansion plan.