Browsing Category
Banking
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…
Top Nigerian Banks Post N4.1 Trillion Profit in Nine Months Despite Mixed Earnings…
Nigeria’s banking industry has once again showcased its resilience, as nine leading financial institutions…
Banks Deposit ₦3 Trillion with CBN Amid Cash Crunch as Liquidity Tightens Across…
Nigerian banks have increased the amount of money held with the Central Bank of Nigeria (CBN), raising total…
Standard Chartered deepens commitment to Nigeria; Confirms compliance with the…
Standard Chartered Bank Nigeria Limited has successfully met the Central Bank of Nigeria’s (CBN) N200 billion…
Seven Nigerian Banks Pay ₦674.68bn in Taxes in H1 2025 Amid Rising Earnings
Seven of Nigeria’s leading banks remitted a total of ₦674.68 billion in taxes to the federal government in the…
Reps Launch Probe into Multiple Bank Charges, Excessive Tax Deductions on Workers’…
The House of Representatives has set up an ad-hoc committee to investigate widespread complaints over excessive tax…
BVI Court Orders Ex-Seplat Chairman Orjiako to Pay $220 Million in Landmark Debt…
In a landmark decision that has sent ripples across international financial and legal communities, the British…
Ghana’s Banking Sector Profit Surges 46% in 2025, Signaling Strong Economic…
Ghana’s banking sector has recorded an impressive performance in 2025, with profit-after-tax soaring by 46.1% to…
FCMB’s ₦160bn Offer to Bolster Capital Base, Strengthen Resilience – CEO Ladi…
First City Monument Bank (FCMB) Group has reaffirmed its commitment to building a more resilient financial…
Abbey Mortgage Bank Reports N1.45bn Profit in Nine Months, Earnings Surge 56% YoY
Abbey Mortgage Bank Plc has announced a robust profit after tax of N1.45 billion for the nine months ending…
CBN’s 24–48 Hour ATM Refund Rule Gets Strong Backing from Customers’ Group
The Bank Customers Association of Nigeria (BCAN) has voiced strong support for the Central Bank of Nigeria’s (CBN)…
Nigeria’s Prime Lending Rate Hits 18.88% Amid 27% Monetary Policy Rate: Banks…
Nigeria’s average prime lending rate increased to 18.88% in August 2025, up from 18.54% in July, reflecting banks’…
FCCPC Applauds CBN’s New ATM Refund Guidelines: Banks Must Return Failed…
The Federal Competition and Consumer Protection Commission (FCCPC) has praised the Central Bank of Nigeria (CBN)…
CSW 2025: FCMB recommits to innovation, personalised service
First City Monument Bank says it is marking the 2025 Customer Service Week with a renewed focus on turning…
FirstBank Pledges to Bridge Financing Gaps and Drive SME Growth with Digital…
FirstBank Group has reaffirmed its commitment to bridging financial gaps and leveraging digital solutions to…