Access Holdings Plc crossed a major milestone in 2025, posting over ₦1 trillion in profit before tax, but the strong performance came with growing pressure from regulatory fines, legal disputes, and rising costs. A review of the group’s audited results shows gross earnings rose to ₦5.53 trillion, while profit after tax climbed to ₦743 billion. …
Nigeria’s external reserves posted a steady decline through April 2026, shedding close to $1 billion over the month. The development could heighten pressure on the foreign exchange market despite the country’s still robust reserve position, Pinnacle Daily can report. According to data from the Central Bank of Nigeria (CBN), gross external reserves fell consistently day …
Shareholders of Guarantee Trust Holding Company Plc (GTCO) have approved a total cash dividend of ₦466.38 billion for the 2025 financial year, marking one of the highest payouts in Nigeria’s banking sector. At the company’s Annual General Meeting, shareholders endorsed a final dividend of ₦11.76 per share, in addition to an interim dividend of ₦1 …
Shareholders of Guaranty Trust Holding Company Plc (GTCO) have praised the bank’s management for delivering what they described as the highest dividend payout in Nigeria’s banking sector for the 2025 financial year, as the group declared a total of ₦12.76 per share. At the company’s 5th Annual General Meeting (AGM) on Tuesday, investors commended the …
United Bank for Africa (UBA) Plc delivered a sharply weaker financial performance in 2025, as foreign exchange losses, rising loan impairments, and mounting legal risks combined to erode profit and force a steep cut in shareholder returns. Pinnacle Daily analysis of the bank’s audited results shows that profit before tax for the group fell by …
The Central Bank of Nigeria (CBN) has introduced a new banking policy framework that raises the cost of ATM card issuance while cutting a wide range of other charges, in a move aimed at making financial services cheaper, clearer, and more accessible. It made this known in a circular signed by the Director of Financial …
The Central Bank of Nigeria (CBN) has introduced a new money market benchmark, known as the Nigerian Overnight Financing Rate (NOFR). The move, announced on April 17, 2026, by the CBN, in collaboration with the Financial Markets Dealers Association (FMDA), aims to improve transparency and strengthen confidence in the financial system. It is designed to …
Seven Nigerian banks wrote off about ₦2.38 trillion in bad loans in 2025, as the Central Bank of Nigeria’s (CBN) stricter stance on forbearance and loan classification forced lenders to clean up long-standing credit risks. A review of banks' financial statements reveals that the write-offs, which cut across Zenith Bank, First HoldCo, GTCO, Stanbic IBTC, …
The Central Bank of Nigeria (CBN) has warned Nigerians to be on high alert due to a surge in fraudulent messages and cyberattack attempts aimed at deceiving the public and compromising personal information. The warning was contained in a statement issued on Tuesday and signed by Hakama Sidi-Ali, the Acting Director of Corporate Communications. According …
Stanbic IBTC Holdings Plc paid ₦119 million in regulatory fines in 2025 over reporting failures and disclosure issues, even as the bank posted one of its strongest financial performances on record. The fines were linked to various infractions, including failures to report cyber incidents and incorrect disclosures in fund statements, according to details in its …
