CBN Dormant Accounts Directive: Four Banks Publish Over 321,000 Inactive Accounts
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive from the Central…
Category: Banking
CBN Raises Governance Alarm Over Non-Interest Banks Amid Rising Islamic Finance Growth in Nigeria
The Central Bank of Nigeria (CBN) has issued a fresh warning to non-interest financial institutions over growing governance and compliance…
Top Nigerian Banks Cut Lending by Nearly 25% as Economic Risks Rise
Nigeria’s banking sector is tightening its grip on lending as economic uncertainty, high interest rates, and stricter regulatory conditions continue…
Tier-One Banks Post N14.9 Trillion Earnings in 2025 as Interest Rate Pressures Shape Profit Outlook
Nigeria’s four major tier-one banks—Access Holdings, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United Bank for Africa (UBA)—recorded a…
Nigerian Banks Earn N18.2tn in 2025 Despite Profit Decline Amid Loan Losses and Recapitalisation Impact
Nigeria’s biggest banks posted a mixed financial performance in 2025, as strong revenue growth and expanding balance sheets were weighed…
AfDB 2026 Annual Meetings to Prioritize Resource Mobilisation for Africa’s Development Financing Gap
The African Development Bank (AfDB) has announced that its 2026 Annual Meetings will focus heavily on how to mobilise more…
Tier-1 Banks Drive N286tn Mobile Transactions as Fintech Advantage Narrows in Nigeria’s Digital Payments Shift
Nigeria’s leading commercial banks have recorded a massive surge in digital activity, processing a combined N286.19 trillion in mobile banking…
Cardoso Urges Bank Directors to Strengthen Risk Management and Corporate Governance After Recapitalisation
Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has called on bank directors and corporate leaders to…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in New 2026 Banking Policy
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing…
CBN Warns Nigerians Over Rising Cybersecurity Scam Messages Impersonating Bank
The Central Bank of Nigeria (CBN) has raised an alarm over a growing wave of fraudulent messages, emails, and online…
FG Borrows N100bn from Unclaimed Funds Trust Account as Domestic Debt Hits N80.49tn
Nigeria’s Federal Government has raised N100 billion from the Unclaimed Funds Trust Account, a pool of dormant private funds now…
CBN Mops Up N4.48 Trillion in Aggressive Liquidity Tightening to Stabilise Nigeria’s Financial System
The Central Bank of Nigeria (CBN) has stepped up its liquidity management drive, mopping up a total of N4.48 trillion…
CBN Proposes Mandatory Mediation Panel for Loan Disputes Before Court Action in Nigeria
The Central Bank of Nigeria (CBN) has introduced a new proposal that could significantly change how lending disputes are handled…
Cash Outside Banks Falls to N5.20 Trillion in February 2026 as Nigeria’s Liquidity Cycle Stabilizes
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity…
CBN Warns Banks Against Excessive Risk-Taking After Recapitalisation Drive
The Central Bank of Nigeria (CBN) has cautioned commercial banks against engaging in excessive risk-taking following the conclusion of the…
Treasury Bills Boost Interest Income for Nigerian Banks by 43% in 2025
Zenith Bank, GTCO, and FirstHoldCo collectively earned N2.85 trillion from Treasury bills in 2025, reflecting a sharp 43.03% increase from…
African Development Bank Launches $20 Million Green Hydrogen Funding to Boost Africa’s Clean Energy
The African Development Bank (AfDB) has announced a $20 million funding initiative aimed at accelerating green hydrogen projects across Africa.…
ADB Posts GH¢367 Million Profit After Tax as Capital Adequacy Ratio Soars to 27.17%-Ghana
Agricultural Development Bank (ADB) PLC has delivered a remarkable financial turnaround, posting a profit after tax of GH¢367.2 million for…
CBN Bank Recapitalization Set to Boost SMEs and Strengthen Nigeria’s Financial Sector
The Central Bank of Nigeria (CBN) has confirmed that 33 banks successfully met the revised minimum capital requirements under its…
Bank Plans GSE Listing as BoG Considers Recapitalisation Deadline Extension
The Bank of Ghana (BoG) has revealed that one of the two banks yet to meet the minimum capital requirement…
Nigeria’s Banks Face Credit Challenge as Recapitalisation Ends
Nigeria’s banking sector has grown significantly following the Central Bank of Nigeria’s (CBN) sweeping recapitalisation drive, which strengthened balance sheets…
Nigeria’s Banking Sector Attracts $13.53 Billion in Foreign Inflows in 2025 Amid Recapitalisation Drive
Foreign capital inflows into Nigeria’s banking sector hit $13.53 billion in 2025, marking a remarkable 93.25% increase from $7.00 billion…
Rewiring Nigeria’s Financial System: How the CBN is Stabilizing Banks and Restoring Confidence
Nigeria’s financial system entered 2023 under intense pressure, with a weakening naira, rising inflation, and dwindling investor confidence threatening a…
32 Nigerian Banks Achieve Recapitalisation Target Ahead of Deadline, Boosting Economic Growth
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 32 banks have successfully met the…
Nigerian Banks Raise N4.61 Trillion in Capital, N1.2 Trillion from Foreign Investors
Nigerian banks have successfully raised N4.61 trillion in fresh capital as part of the ongoing banking sector recapitalisation programme, with…
Nigeria’s Banking System Liquidity Holds Above ₦8 Trillion Despite ₦2.36 Trillion CBN OMO Mop-Up
Nigeria’s banking system liquidity held steady above ₦8 trillion despite a ₦2.36 trillion Open Market Operations (OMO) mop-up by the…
CBN Governor Cardoso Urges Stronger Cross-Border Cooperation Among African Regulators
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has called for deeper collaboration among African financial…
CBN Orders IMTOs to Open Naira Settlement Accounts to Boost FX Transparency
The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open and maintain naira settlement…
CBN Recapitalisation Deadline: Nigerian Banks Race to Meet March 31 Capital Target
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the…