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Banking
FX Windfalls Fade as Nigerian Banks Return Focus to Core Lending
Foreign exchange (FX) gains, once a major source of profits for Nigeria’s top banks, have dropped sharply,…
CBN Revokes Licences of Aso Savings and Union Homes over Regulatory Breaches
The Central Bank of Nigeria (CBN) has officially revoked the operating licences of Aso Savings and Loans Plc and…
Big Banks’ FX Gains Fall to Three-Year Low as Nigeria’s Banking Sector Shifts…
Nigeria’s biggest banks are seeing a sharp slowdown in foreign exchange (FX) gains, once a major source of profits,…
Bright Simons Warns Bank of Ghana’s Non-Interest Banking Rebrand Risks Confusion…
Bright Simons, Vice President of policy think tank IMANI Africa, has raised serious concerns about the Bank of…
CBN Tightens Oversight as Nigerian Banks Boost Capital to Strengthen Financial…
Nigerian banks are stepping up their capital base as the Central Bank of Nigeria (CBN) enforces stricter oversight…
Reps Push Major Reforms to Strengthen Transparency and Oversight at CBN
The House of Representatives has begun formal steps to overhaul the Central Bank of Nigeria (CBN) Act, seeking…
Non-Interest Banking in Ghana: BoG Requires 60% Foreign Currency Capital for…
The Bank of Ghana (BoG) has unveiled a new regulatory framework aimed at tightening oversight of the country’s…
Banks Slash Central Bank Deposits by N2.22 Trillion After CBN Interest Rate…
Banks in Nigeria significantly reduced their deposits at the Central Bank of Nigeria (CBN) last month, pulling back…
Nigerian Banks Shift Focus to New Revenue Streams as FX Gains Dry Up
As foreign exchange gains that boosted Nigerian banks over the past two years begin to fade, financial experts say…
Nigeria’s Foreign Reserves Hit $46.7 Billion — Highest in Nearly Seven Years, Says…
Nigeria’s foreign reserves have climbed to $46.7 billion, marking the highest level in nearly seven years, the…
Nigeria’s Cash Demand Hits N4.65 Trillion as Currency Circulation Surges
Nigeria’s appetite for physical cash has surged once again, with Currency Outside Banks (COB) rising to N4.65…
CBN Revises Cash Withdrawal Limits: What Nigerians Must Know About January 2026…
The Central Bank of Nigeria (CBN) has announced major revisions to its cash withdrawal policies, set to take effect…
FCMB Named Nigeria’s Best SME Bank 2025, Leading SME Financing Across Key Sectors
First City Monument Bank (FCMB) has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute…
CBN’s MPC Adjusts Policy Corridor to Boost Lending to Productive Sectors
The Central Bank of Nigeria (CBN) has taken a strategic step to encourage banks to redirect funds toward productive…
FCMB Named Nigeria’s Best SME-Focused Bank 2025, Leading N1.8 Trillion SME…
First City Monument Bank (FCMB) has been recognised as Nigeria’s Best SME-Focused Bank for 2025 by the Chartered…
Naira Strengthens to 1,446/$ as Foreign Capital Inflows Hit $20.98bn
The Nigerian naira recorded a notable uptick last week, appreciating to 1,446.74 per dollar, a 0.69% increase from…
CBN Orders Banks to Withdraw Non-Compliant Advertisements: Ensures Consumer…
The Central Bank of Nigeria (CBN) has issued a stern directive to Deposit Money Banks (DMBs), Payment Service Banks…
Private Sector Credit Surges N1.88 Trillion After September Rate Cut
Credit to Nigeria’s private sector rose sharply in October 2025, climbing to N74.41 trillion from N72.53 trillion…
CBN Confirms 16 Banks Have Met Recapitalisation Target as March 2026 Deadline…
The Central Bank of Nigeria (CBN) has confirmed that 16 Nigerian banks have now met the recapitalisation threshold,…
Afreximbank 9M’25 Financial Scorecard Highlights Strong Liquidity and Resilient…
African Export-Import Bank (Afreximbank) and its subsidiaries have released a robust financial performance report…
CBN Reforms Stabilise Naira and Lower Lending Rates Amid Inflation Moderation
The Central Bank of Nigeria (CBN) has reported that its ongoing monetary policy tightening and structural reforms…
CBN Warns Public: Zuldal Microfinance Bank Not Licensed to Operate in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to the public over an entity claiming to operate as…
FCMB Appoints Oluyinka Johnson as Non-Executive Director to Strengthen Board…
First City Monument Bank (FCMB) has officially announced the appointment of Ms. Oluyinka Johnson as a Non-Executive…
NDIC Advises Nigerians to Maintain Alternate Bank Accounts for Faster Refunds
The Nigeria Deposit Insurance Corporation (NDIC) has urged bank customers to maintain alternate accounts in…
The Alternative Bank Wins “Innovative Bank of the Year” Award at African Islamic…
The Alternative Bank has clinched the coveted title of Innovative Bank of the Year at the 7th African International…
NDIC Urges Bank Customers to Open Alternative Accounts for Faster Fund Access
The Nigeria Deposit Insurance Corporation (NDIC) has urged bank customers nationwide to open and maintain…
Summit Bank Unveils Ethical Banking Vision to Promote Inclusive Financial Growth…
Nigeria’s newest non-interest financial institution, Summit Bank Ltd, has reaffirmed its commitment to delivering…
Nigerian Banks Earn Record N14.7tn Interest Income in Nine Months Amid High-Rate…
Nine of Nigeria’s biggest banks collectively earned a staggering ₦14.7 trillion in interest income between January…
Nigeria’s Top Banks Earn N4.8 Trillion from Fixed-Income Investments in 9 Months
Nigeria’s biggest lenders — First HoldCo, UBA, GTCO, Access Corporation, and Zenith Bank, collectively known as…
CBN’s Fixed Income Reform Sparks Regulatory Tension as Banks Rake In ₦4.8 Trillion…
The Central Bank of Nigeria’s (CBN) plan to assume control over the nation’s fixed-income market has ignited…