Category : Search result: banks penalty


16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline

CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.

Lagos Tenancy Bill 2025: Offences & Penalties Detailed

The proposed Lagos State 2025 Tenancy Bill introduces strict penalties, including fines up to N1,000,000 and imprisonment, to curb exploitative housing practices. Learn the key offences for landlords, agents, and tenants.

Top 10 Nigerian Banks by Mobile App Downloads

Access Bank, First Bank, and UBA lead with over 10 million downloads each. Discover the full ranking of Nigeria's most downloaded banking apps and their ratings. #DigitalBanking #Fintech

CBN Orders Banks To Withdraw Misleading Adverts

The Central Bank of Nigeria has ordered all banks to withdraw misleading advertisements. New rules require pre-approval notifications and compliance attestations to protect consumers.

16 Banks Meet CBN Recapitalisation Target

CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.

Senate Approves Death Penalty for Kidnapping

Nigerian Senate classifies kidnapping as terrorism, imposing mandatory death penalty. Recent abductions in Kano, Niger, Kwara, and Kebbi states highlight urgent security crisis.

Senate okays death penalty for kidnappers

Nigerian Senate calls for death penalty for kidnappers and firearms law review to combat rising insecurity in Kwara, Kebbi, and Niger States. Urgent federal intervention demanded.

US Lawmaker Seeks Pardon for Nigerian Farmer

US Representative Riley Moore urges Nigeria to pardon Sunday Jackson, sentenced to death for killing a Fulani militant in self-defense. Read about the international outcry.

Banks Notify Customers on 10% Withholding Tax

Nigerian banks are informing customers about FIRS enforcing 10% withholding tax on fixed-income securities interest. Learn how this affects your investments and which instruments remain exempt.

FG Demands Death Sentence for Nnamdi Kanu

Federal Government asks court to impose death penalty on IPOB leader Nnamdi Kanu following terrorism conviction. Sentencing expected today by 4:50pm.

NCAA fines Qatar Airways N5 million for violations

Nigeria's aviation authority imposes N5 million fine on Qatar Airways for repeated consumer protection breaches and failure to respond to investigation letters. Learn more about the regulatory action.

Libyan FA Trolls Nigeria Over World Cup Failure

Libyan Football Association takes subtle jab at Nigeria after Super Eagles miss 2026 FIFA World Cup qualification. Details on the penalty shootout loss and airport saga that sparked the rivalry.

Zenith Bank to Acquire Paramount Bank in Kenya

Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.

DR Congo end Nigeria's 2026 World Cup hopes

Nigeria's Super Eagles were eliminated from 2026 World Cup qualifying after a dramatic penalty shootout loss to DR Congo. Read the full match report and analysis here.

Nigerian banks post N14.7tn interest income

Nine major Nigerian banks reported a combined N14.72 trillion in interest income for the first nine months of 2025, a 27.68% increase driven by high interest rates. Discover which banks led the growth.

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