The Central Bank of Nigeria has published a list of 28 banks restricted to domestic operations. Discover which institutions lack international licenses and the impact of the ongoing recapitalisation drive.
Nigerian banks accelerate recapitalisation ahead of March 2026 CBN deadline. GTCO, Zenith, UBA lead as sector's market cap hits N16.14 trillion. Read the full analysis.
Governor Douye Diri pledges independent power plants to end Bayelsa's 29-year blackout. Get details on the new city and stadium projects announced.
Kola Adesina forecasts major growth for Nigeria's power sector in 2026, driven by government reforms, tech innovation, and multi-stakeholder collaboration. Read the full analysis.
Bayelsa Governor Douye Diri pledges independent power plants by end-January 2026, ending 29 years of blackouts. He made the vow at the Mgbidi 2026 crusade.
Nigerian banks like Access, UBA, GTB enforce new CBN cash withdrawal limits from Jan 1, 2026. Weekly limits set at N500k for individuals, N5m for corporates, with fees for excess. Details inside.
Nigerian banks have notified customers of a new N50 stamp duty on electronic transfers of N10,000 and above, effective January 1, 2026. The charge is payable by the sender. Learn the details and exemptions.
Governor Douye Diri asks Bayelsa residents for understanding as the 60MW independent power project faces delays but is over 90% complete. Target inauguration set for February anniversary.
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
MA'AM Energy Limited becomes the new controlling shareholder of Geregu Power Plc in a landmark $750 million transaction, leading to a complete board overhaul. Discover the details and implications for Nigeria's power sector.
Nigerian Electricity Regulatory Commission outlines the official complaint process for power supply issues. Learn how to escalate from DisCo CCU to NERC Forum for resolution.
Nigeria's national grid collapsed on Monday, December 29, 2025, causing widespread blackouts. Power generation crashed from over 2,000MW to just 140MW. Read the full details and impact.
Nigeria's national power grid collapsed on Monday, December 29, 2025, causing a nationwide blackout after generation crashed from 4,800MW to 139MW. Get the full report.
Nigeria's national electricity grid collapsed on Monday, December 29, 2025, causing a nationwide blackout. Only two distribution companies received power. Read for details and restoration updates.
FirstBank, UBA, Stanbic IBTC, and Union Bank warn customers to be vigilant against scams targeting mobile apps and USSD banking. Protect your OTPs and PINs.
Nigerian banks and capital market firms will close physical branches for Christmas. Customers are advised to use mobile apps, USSD, and online platforms for uninterrupted services.
The Federal Government partners with RSE Energy to deploy off-grid power for industrial clusters, starting with Idu. This aims to cut costs, boost productivity, and enhance Nigeria's industrial competitiveness. Read more.
Minister of Power Adebayo Adelabu announces gas pipeline repairs will restore electricity nationwide within 48 hours. Read the full details on the grid collapse and regional impacts.
Lagos gears up for VIBEZ & TUNES, the ultimate festive rave on Dec 28, 2025, at Pavilion Nightlife, VI. Featuring top DJs and artists like Reekado Banks. Book now!
Access Holdings plans a N40bn private placement in foreign currency to meet CBN's recapitalisation rules and fund expansion. The move comes as the March deadline nears.
Nigerian banks will close branches early on Dec 24 & 31 and fully on Dec 25 & Jan 1. Customers advised to use ATMs, mobile apps, and USSD for transactions during the public holidays.
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.
With 100 days left, Nigeria's banking sector races to meet CBN's recapitalisation deadline. ACAMB dismisses closure rumours as 16 banks already meet requirements. Read the latest updates.
EFCC Chairman Ola Olukoyede warns banks' compliance officers that slow information release is hampering anti-corruption probes. He insists on full cooperation to safeguard Nigeria's financial system. Read more.
Nigerian banks warn customers against using public Wi-Fi for transactions this festive season as fraud spikes. Learn how to protect your account from cybercriminals.
The Central Bank of Nigeria directs Access, Zenith, UBA & others to improve foreign card acceptance, aiming to resolve transaction failures for tourists and returning Nigerians.
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.
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.
The Nigeria Customs Service warns designated banks over delayed remittance of collected revenue. Defaulters face a penalty interest of 3% above NIBOR. Details inside.