Eight Nigerian banks recorded ₦3.47 trillion in combined profit after tax in the first nine months of 2026, as loans and customer deposits expanded amid rising banking costs.
Tag: Nigerian Banks
Unchecked AI Agents Threaten Nigerian Banks’ Payment Systems, TransFi CEO Raj Kamal Warns!
TransFi CEO Raj Kamal warns Nigerian banks and fintechs about the risks of unchecked AI payment agents and calls for stronger safeguards to protect digital transactions.
Nigeria’s Recapitalised Banks Face New Test as Businesses Demand Affordable Credit and Economic Growth!
Nigeria’s bank recapitalisation has strengthened financial institutions, but affordable credit, small-business financing, investment and job creation remain key tests of economic progress.
CBN Probes Banks Over Restrictions on Customers’ Access to Forex Accounts!
CBN probes reported restrictions by Nigerian banks on customers’ access to forex accounts as the regulator continues reforms aimed at improving transparency, liquidity and compliance in the foreign exchange market.