23 Banks Meet CBN Capital Target, 3 to Merge
Nigeria's banking sector consolidates as 23 banks meet new CBN capital requirements. Access, Zenith lead. Three banks set to merge ahead of March 2026 deadline. Full details inside.
Category : Search result: FairMoney Microfinance Bank
How Tech Banking Drives Nigeria's $1 Trillion GDP Goal
FairMoney MD Henry Obiekea explains why technology-enabled banking is critical for financial inclusion and achieving Nigeria's 2030 economic target. Discover the role of digital finance in national growth.
LAPO MfB Appoints Edward Aghimien to Board
LAPO Microfinance Bank appoints seasoned economist Edward Aghimien as Non-Executive Director. His 40+ years of experience in FMCG and business development will bolster the bank's governance and financial inclusion goals. Read more.
CBN Releases 2026 Savings Interest Rates for Nigerian Banks
The Central Bank of Nigeria has published the latest savings account interest rates. Discover which banks offer the highest returns and how the market averages 8% in 2026.
How Tech Banking Drives Nigeria's $1 Trillion GDP Target
FairMoney MD Henry Obiekea explains why technology-enabled banking is critical for financial inclusion and achieving Nigeria's 2030 economic goals. Discover the role of digital finance.
Paystack Acquires Ladder MFB for Banking Licence
Paystack expands beyond payments by acquiring Ladder Microfinance Bank, securing a banking licence to offer deposits and loans. This strategic shift follows regulatory scrutiny and intensifies competition in Nigeria's fintech sector.
Paystack Launches Microfinance Bank in Nigeria
Nigerian fintech giant Paystack marks its 10th anniversary by launching Paystack Microfinance Bank, expanding from payments into full banking services. Read more.
CBN Releases 2026 Bank Lending Rates for Transparency
The Central Bank of Nigeria has published the latest prime and maximum lending rates for Access Bank, UBA, GTB, Zenith, and others as of January 9, 2026, to guide borrowers. See the full list.
21 Banks Meet CBN Capital Target, Secure ₦5.142 Trillion
Nigeria's banking sector shows strength as 21 banks exceed CBN's recapitalisation requirements ahead of the March 2026 deadline, securing over ₦5 trillion. Discover the leaders and the impact.
22 Banks Secure as 2026 Recapitalization Deadline Nears
As the March 31, 2026 deadline looms, 22 of 34 Nigerian banks have secured their licenses under new CBN capital rules. Find out which banks are safe and what mergers are reshaping the sector.
FG Releases 2026 Approved Loan Apps List
Discover the top 10 loan apps in Nigeria for 2026 as the FCCPC releases its approved list of 457 digital lenders. Compare interest rates, loan amounts, and key borrowing tips.
Union Gives Ultimatum to Unity Bank Over Staff Sack
ASSBIFI demands Unity Bank recall over 100 terminated employees, citing breach of labour laws and merger agreement. The union threatens industrial action if demands are not met.
Lovonus MFB Launches Tech-Driven MSME Credit Plan
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
FG to Use Banks, Fintechs for Tax Debt Recovery in 2026
Nigeria tightens tax laws, empowering authorities to use banks and fintechs like Access, Zenith, and Opay to recover unpaid taxes. Learn about the new rules and your obligations.
Union Bank Closes All Titan Trust Social Media Accounts
Union Bank of Nigeria has disabled all Titan Trust Bank social media accounts. Customers are now directed to follow Union Bank's official platforms for updates and services.
CBN Issues New Cash Directive to Banks for 2026
The Central Bank of Nigeria has directed commercial banks to guarantee steady cash flow in ATMs and branches nationwide. This follows a successful festive season with minimal scarcity.
Lawyer Abroad Reveals Access Bank Charges on N200k Transfer
A Nigerian lawyer in Dublin shares receipts showing Access Bank charges for sending money home. She hopes new tax laws will bring development. See the breakdown and reactions.
Akufada MFI Bags Digital Transformation Award at Nexus 2025
Akufada Microfinance has been honoured with the Digital Transformation Pioneer Award at the Nexus 2025 Awards for its bold shift to digital platforms, setting a new benchmark in Ethiopia's financial sector. Discover how they are empowering communities.
Man Exposes Bank Tax Deduction Error in Viral Tweet
A Nigerian man's viral tweet exposes a puzzling N73.05 tax deduction by GTBank, sparking widespread debate on the new tax reforms and bank transparency. See the full story and reactions.
Man Cries Out as N100k Bank Transfer Becomes N63k
A Nigerian man raises alarm after transferring N100,000 to his Zenith Bank account, only to find a balance of N63,000. The incident sparks online reactions and tax deduction theories. Read full details.
Nigerian Woman Returns N330M Mistakenly Credited to Her
Aisha Isah Yelwa, a petty trader from Lapai, Niger State, displayed remarkable integrity by returning N330 million mistakenly sent to her First Bank account. Read her inspiring story.
Providus Bank Worker Shares 6 Christmas Bonus Items
A Providus Bank employee reveals the six generous bonuses staff received for Christmas 2025, including a 13th-month salary and rice. See the full list and public reactions.
No Bank Shutdowns from CBN Recapitalisation - ACAMB
The Association of Corporate Communication & Marketing Professionals in Banks dismisses viral claims of 12 banks shutting down. ACAMB assures the public the recapitalisation is proceeding smoothly to strengthen the financial system.
World Bank Approves $500m for Nigerian MSMEs
The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.
Supreme Court rules for Fidelity Bank in N30bn debt suit
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
Food Bank Launched for Vulnerable Women in Lagos
Tender Hearts Foundation partners with FCMB to launch a food bank initiative in Lagos, aiming to combat hunger among vulnerable women and families. Discover how this partnership empowers communities.
How Nigeria's Banking Giants Conquered CBN Recapitalisation
An in-depth review of Nigeria's banking recapitalisation exercise. Discover which 16 banks have met the CBN's new capital requirements and the impact on the financial sector. Read the full analysis now.
SMEDAN Seeks CBN License for New Microfinance Bank
SMEDAN applies to CBN to launch a microfinance bank for direct SME funding. Agency also targets formalising one million businesses and unveiling a new MSME policy in 2026.
Russian court fines Austrian bank Raiffeisen $400m
A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.
Fidelity Bank to Restrict Accounts Without TIN/NIN in 2026
Fidelity Bank will restrict transactions for accounts not linked to a Tax ID or National Identity Number from January 1, 2026. Learn how to update your details to avoid service disruptions.
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