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Banking
CBN Data Localisation Drive Opens New Opportunities as Galaxy Backbone Targets…
As Nigeria pushes for greater control over its financial data, Galaxy Backbone (GBB) is positioning itself as a key…
Nigeria’s Banking Assets Surge to N180.37 Trillion as Financial Sector Powers…
Nigeria’s financial sector is showing remarkable strength, with deposit money banks recording total assets of…
CBN Targets N5.8 Trillion Treasury Bill Sales in Q3 as Maturing Securities Hit…
The Central Bank of Nigeria (CBN) is set to significantly ramp up its liquidity management efforts in the third…
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Violations
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country,…
Nigeria’s Consumer Credit Drops to N3.03 Trillion as Retail Loans Crash 42%
Nigeria’s consumer credit market suffered a major setback in February 2026, with total outstanding consumer loans…
Cash Outside Banks Hits One-Year High of N5.19 Trillion, Accounts for 91.3% of…
Nigeria’s reliance on cash remains remarkably strong, as new data from the Central Bank of Nigeria (CBN) shows that…
Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record…
Nigeria's banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than…
Banks’ Non-performing Loans Rise To 9.85% After CBN’s Forbearance Withdrawal
Nigeria’s banking sector has recorded a sharp rise in non-performing loans (NPLs), with the ratio climbing to 9.85…
Cash Outside Banks Climbs to N5.19 Trillion Despite CBN’s Aggressive Digital…
Nigeria’s transition to a cashless economy continues to face significant hurdles as cash held outside the banking…
Nigerians Hold N5.19 Trillion Cash Outside Banks as Cash Usage Defies Digital…
Nigeria’s push toward a cashless economy continues to face strong resistance, as new data shows that Nigerians are…
CBN Urged to Mandate Annual Financial Reporting for Fintechs and MFBs as…
Finance experts have called on the Central Bank of Nigeria (CBN) to introduce mandatory annual financial reporting…
Fraud Losses Hit N134.48bn in Nigeria as CBN Flags Surge in Digital Banking Scams…
Banks and their customers in Nigeria lost a staggering N134.48bn to fraud between 2020 and 2025, according to new…
Femi Otedola Raises First HoldCo Stake to 20% with N29.6bn Share Purchase
Billionaire businessman and Chairman of First HoldCo, Femi Otedola, has deepened his investment in the financial…
CBN HoldCo Rules: How a Chapel Hill White Paper May Have Inspired Nigeria’s…
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate…
CBN HoldCo Reforms May Force ₦370bn Capital Raise Across Nigeria’s Top Banks
Nigeria’s leading banking groups may soon be compelled to raise about ₦370 billion in fresh capital…
United Capital Acquires 5% Stake in NGX Group, Signals Strong Confidence in…
United Capital Group has strengthened its foothold in Nigeria’s financial sector after acquiring a 5 percent equity…
Nigeria’s Banking Profit Boom Fades as Earnings Drop, While African Rivals Surge…
Nigeria's banking sector, once celebrated as one of Africa's strongest profit engines, is entering a new phase…
FX Reforms Boost Global Naira Card Usage as Banks Raise Dollar Limits
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use…
IMF Flags Lending Rate Imbalance as Nigerian Banks React Faster to Rate Hikes Than…
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in…
Nigeria’s Top Banks Mobilise N137 Trillion in Deposits as Liquidity Strength…
Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively…
United Capital Expands into East Africa with Investment Banking Licences in…
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment…
Reps Recover ₦521.7m VAT from CBN in Remita Revenue Leak Probe
The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax…
CBN Mops Up N3.04 Trillion in Massive OMO Auction as Investor Demand Hits Record…
The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors…
Nigerian Banks Earn N209bn from Account Maintenance Fees in Q1 2026 Amid Rising…
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a…
Nigeria’s Banks Face Rising Bad Loans as CBN Ends Regulatory Forbearance, NPL…
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following…
CBN Extends Breathing Space for Banks as Legal Bottlenecks Slow Recapitalisation…
he Central Bank of Nigeria (Central Bank of Nigeria) has assured that deposit money banks yet to fully meet the…
CBN Retains Interest Rate at 26.5% as External Shocks Drive Inflation Pressure in…
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its…
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in…
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital…
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden…
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in…