FCMB, led by Nigerian banker Ladi Balogun, doubles profit to $127.5 million in 2025
FCMB posts $127.5 million profit in 2025 as higher interest income lifts earnings despite rising costs and credit losses.
Nigerian Banker
FCMB, led by Nigerian banker Ladi Balogun, expects Q1 earnings to top $40 million
FCMB, led by Nigerian banker Ladi Balogun, forecasts Q1 2026 profit to reach $44 million amid strong banking growth.
Nigerian banker Jim Ovia gains $18.5 million from Zenith Bank shares
Jim Ovia’s Zenith Bank stake gains $18.5 million as shares rise, lifting investor confidence and boosting the lender’s market value.
Nigerian banker Segun Agbaje-led GTCO to raise $6.8 million in private placement
GTCO plans $6.9 million private share placement, approved by CBN and SEC under Segun Agbaje’s leadership.
Nigerian banker Jim Ovia’s Zenith Bank stake hits $220 million
Nigerian banker Jim Ovia’s Zenith Bank stake rises above $220 million after a recent share rally.
Yomi Jemibewon’s CardinalStone secures $15 million from IFC to scale SMEs in West Africa
CardinalStone Capital Advisers has secured up to $15 million from IFC to back fast-growing SMEs across Nigeria, Ghana and Francophone West Africa through its Growth Fund II.
Nigerian banker Ladi Balogun leads FCMB to $570 million gross earnings in 9 months
FCMB posts $570 million in nine-month earnings under Ladi Balogun, driven by strong interest income and rising profit.
Nigerian banker Jim Ovia’s Zenith Bank eyes Kenyan bank after $230 million raise
Nigerian banker Jim Ovia’s Zenith Bank plans to acquire Kenya’s Paramount Bank after raising $230 million for regional expansion.
Jim Ovia, Nigeria’s richest banker, gains $37 million from Zenith Bank stake
Jim Ovia adds $37.2 million to his Zenith Bank stake as the lender’s shares surge on the NGX.
Nigerian banker Roosevelt Ogbonna buys $20 million home on London’s Billionaires' Row
Nigerian banker Roosevelt Ogbonna acquires $20 million Hampstead home as London’s luxury housing market cools.
Nigerian banker Jim Ovia’s Zenith Bank sees $355 million profit in first half
Zenith Bank’s H1 profit falls to $355 million as impairments rise, while total assets reach $20.7 billion.
Nigerian banker Peter Ashade-led United Capital signs $3.3 million solar minigrid loan
United Capital, led by Peter Ashade, funds Husk Power’s $3.3M community solar minigrid in Nigeria to expand clean energy access.
Nigerian banker Segun Agbaje-led GTCO boosts GTBank's paid up capital to $328 million
GTCO injects $238.5 million into GTBank, boosting paid-up capital to $328.5 million as lender meets new CBN rules and strengthens growth drive.
Nigerian banker Jim Ovia’s Zenith Bank stake drops $21 million in 3 weeks
Jim Ovia loses nearly $21 million as Zenith Bank shares slide over 22 days, pulling market value under $2 billion.
Under Nigerian banker Segun Agbaje, GTCO becomes first West African lender to list in London
GTCO lists in London under Segun Agbaje, marking a first for West African banks and raising $105 million to meet capital goals.
Nigerian banker Segun Agbaje-led GTCO targets $100 million in UK share sale
The move comes as the Lagos-based financial group seeks to recapitalize Guaranty Trust Bank Plc, its flagship banking unit, to meet new regulatory thresholds.