Browsing Category
Banking
CBN Sets October 31 Deadline for Banks to Upgrade to ISO 20022 and Geo-Tag Payment…
The Central Bank of Nigeria (CBN) has directed all financial institutions and payment service providers to…
FCMB Group Plans Equity Capital Raise to Fund Regional and International Expansion
FCMB Group Plc has announced plans to raise equity capital as part of its strategy to strengthen its capital base…
CBN Introduces Bank Customers’ Bill of Rights to Strengthen Consumer Protection…
The Central Bank of Nigeria (CBN) has launched the Bank Customers’ Bill of Rights to protect consumers and promote…
FCMB Group Reports N79.3bn Half-Year Profit in 2025, Driven by Strong Digital…
FCMB Group Plc has reported a profit before tax of N79.3 billion for the first half of 2025, marking…
Banks’ Deposits with CBN Surge 783% to ₦79.8 Trillion Amid Excess Liquidity and…
Banks’ deposits with the Central Bank of Nigeria (CBN) soared by 783.7% year-on-year to ₦79.8 trillion in the…
Banks Unlikely to Cut Lending Rates Despite BoG’s Aggressive Rate Slash –…
Despite the Bank of Ghana's (BoG) bold decision to cut the policy rate by 300 basis points to 25 percent,…
Nigerian Businesses Struggle with Credit Crunch Despite Rising Optimism —…
Nigerian businesses experienced a deepening credit crunch in June 2025 despite signs of robust economic recovery,…
FCMB Group Reports ₦79.3 Billion Profit Before Tax in H1 2025
FCMB Group Plc posted a profit before tax (PBT) of ₦79.3 billion for the first half of 2025, representing a 23%…
FX Liquidity Boost: Nigerian Banks Resume Naira Payments for Foreign School Fees…
Nigerian banks have resumed accepting naira card payments for international tuition fees and medical bills,…
Bank of Ghana Cracks Down on Forex Violations: Banks and MTOs Face Licence…
The Bank of Ghana (BoG) has issued a stern warning to financial institutions, threatening to revoke the licenses…
FCMB Sees Strong Growth as Earnings Hit N529.2bn in H1
FCMB Group Plc has reported strong financial results for the first half of 2025, with gross earnings rising by…
FCMB, ICCN Call for Sustainable Trade Reforms to Boost Nigeria’s Global…
First City Monument Bank (FCMB) and the International Chamber of Commerce Nigeria (ICCN) Banking Commission have…
Nigerian Banks Close 29.4 Million Accounts Amid NIN-BVN Compliance Push; 33…
As of March 2025, Nigerian commercial banks recorded 29.4 million closed bank accounts, reflecting an aggressive…
11 Nigerian Banks Breach Non-Performing Loan Limit Amid Credit Quality Concerns
Rising NPLs Spark Concern in Nigeria’s Banking SectorAt least eleven commercial banks in Nigeria exceeded the…
FCMB Partners TEHC on $40M Louisville Project to Redefine Urban Living in…
First City Monument Bank (FCMB) has announced a $40 million loan facility to finance the Louisville Phase 1…
FCMB Empowers Over 3,000 Nigerians with Cash Prizes in Ongoing Millionaire Promo
First City Monument Bank (FCMB) has rewarded a total of 3,016 customers in the 10th season of its highly popular…
Seven Nigerian Banks Face ₦965bn Recapitalisation Gap Ahead of CBN Deadline
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank,…
CBN Clarifies BVN Charges: Enrolment Still Free for Nigerians at Home, $50 Fee…
The Central Bank of Nigeria (CBN) has addressed concerns circulating on social media about alleged new or hidden…
US Banks Surge After Passing Fed Stress Test, Paving Way for Shareholder Payouts
Wall Street's leading banks saw a boost in premarket trading after all 22 major institutions passed the Federal…
What CBN’s forbearance shift means for banks
The Central Bank of Nigeria (CBN) has officially ended its post-COVID regulatory forbearance program, signaling a…
Telcos Hail New USSD Billing Rule as NCC, CBN Tackle Bank Payment Default
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has endorsed a new billing framework…
CBN Dividend Ban Triggers Sharp Decline in Bank Stocks on NGX
Bank stocks on the Nigerian Exchange (NGX) suffered significant losses on Monday, June 16, 2025, after the Central…
Beyond the Balance Sheet: Nigeria’s Bank Recapitalisation Spurs Debate on Profit…
With only months left before the Central Bank of Nigeria’s (CBN) recapitalisation deadline, banks in Nigeria are…
FCMB promotes literary, creative skills
First City Monument Bank (FCMB) marked Children’s Day 2025 by hosting the grand finale of its National Essay and…
Afreximbank Defends Financial Integrity Amid Fitch’s Negative Outlook Over…
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a…
Private Sector Credit Hits ₦77.9trn in April as Nigerian Banks Defy Tight Monetary…
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward…
BoG Governor Sets Bold Target to Slash Lending Rates Below 10% Within Four…
Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has announced a bold plan to reduce Ghana's average…
BoG Cracks Down on Hidden Bank Charges, Tightens Oversight in Banking Sector-Ghana
The Bank of Ghana (BoG) is set to introduce a series of tough regulatory measures aimed at curbing hidden bank…
Nigeria’s Economic Recovery Gathers Momentum – CBN Governor Cardoso
Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso, has assured Nigerians that the country’s economy is on a…
BREAKING: Dr. Sidi Ould Tah Elected as New AfDB President, Succeeding Adesina
Dr. Sidi Ould Tah, former Minister of Economy and Finance in Mauritania, has been elected as the 9th President of…