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Banking
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…
CBN Introduces New Agent Banking Guidelines to Boost Financial Inclusion and…
The Central Bank of Nigeria (CBN) has unveiled fresh operational guidelines for agent banking, set to take effect…
UBA Celebrates 2025 Customer Service Week with Focus on Innovation and Customer…
The United Bank for Africa (UBA) Plc has kicked off its 2025 Customer Service Week, joining organizations…
CBN Bars Loan Defaulters and Blacklisted BVNs from Operating PoS Terminals in…
The Central Bank of Nigeria (CBN) has introduced stringent new rules that disqualify individuals with bad debts,…
CBN Imposes N5 Million Fine on Illegal Agent Banking Activities, Strengthens…
The Central Bank of Nigeria (CBN) has stepped up enforcement against illegal agent banking activities, introducing…
CBN Rate Cut to 27% Puts Pressure on Nigerian Banks’ Profits, Says Moody’s
Global ratings agency Moody’s Investors Service has warned that Nigerian banks could face shrinking profits…
Haruna Musa on Transforming Jaiz Bank: Driving Innovation, Integrity and the…
Nigeria’s fast-changing financial sector is under pressure to innovate and rebuild public trust, and Jaiz Bank has…
CBN Mandates Early CEO Approvals for Systemically Important Banks to Strengthen…
The Central Bank of Nigeria (CBN) has introduced a landmark directive aimed at fortifying governance and stability…
Nigerian Banks Park Surplus Cash at CBN Lending Window as Interbank Market Stalls
Nigeria’s banking sector is swimming in cash, but instead of driving up lending between institutions, banks are…
Nigerian Banks Urged to Boost Cybersecurity Amid Surge in Fraud Losses
Cybersecurity experts are warning that Nigerian banks must urgently increase investments in digital defenses as…
CBN Orders Banks to Secure MD/CEO Successor Approval Six Months Ahead to…
The Central Bank of Nigeria (CBN) has issued a new directive compelling Domestic Systemically Important Banks…
Nigerian Banks Hold Record Excess Cash as System Liquidity Climbs to ₦2.1 Trillion
Nigerian banks are awash with cash as system liquidity hit a record ₦2.1 trillion last week, reflecting reduced…
Wema Bank Secures CBN, SEC Approval for N150bn Rights Issue, Surpasses N200bn…
Wema Bank Plc has received regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and…
Ghana Banks Introduce 5% Forex Withdrawal Fee Under New BoG Guidelines
Ghanaian commercial banks have begun applying a 5% fee on foreign exchange withdrawals, following the latest…