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Six Nigerian banks rank among Africa’s 20 largest lenders

Six Nigerian banks have made the list of Africa’s 20 largest lenders by total assets, highlighting the growing scale of the country’s banking industry following a major recapitalisation drive. Access Bank leads the Nigerian lenders with assets of $36 billion, ranking 12th on the continent. United Bank for Africa (UBA) follows with $33.27 billion, Zenith […]

Nigerian Banks Restore Dollar Access on Naira Cards After FX Relief

Several Nigerian banks have resumed allowing international transactions on Naira-denominated debit cards, a development attributed to improved foreign exchange (FX) liquidity. Until recently, only Providus Bank allowed limited dollar transactions for its premium clients using Naira cards. However, Guaranty Trust Bank (GTBank), United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC have now reinstated […]

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