banking

The proposed merger between Unity Bank Plc and Providus Bank Limited moves closer to completion with shareholder approval and regulatory support, signaling a new phase of consolidation in Nigeria's banking sector.

Central Bank of Nigeria Governor Olayemi Cardoso has outlined a dual mandate for African economies: building robust financial institutions capable of financing industrial growth while simultaneously addressing climate imperatives and employment generation.

Sterling Financial Holdings has commenced allotment of N88.1 billion in shares following a successful public offer, while SanlamAllianz General Insurance appointed Jacqueline Uche Agweh as Managing Director and Stanbic IBTC Insurance secured institutional excellence awards.

Nigeria's banking sector attracted $16.78 billion in capital importation during the first nine months of 2025, with major lenders completing Central Bank-mandated recapitalization requirements, though ECOWAS investors contributed just 0.01% of total inflows.

As Wema Bank launches its 2026 Bankers-in-Training Program for Nigerian graduates, Canada simultaneously announces scholarship opportunities, presenting young Nigerians with divergent choices between local career building and international academic migration.