Despite over a decade of support, non-interest banks in Nigeria account for a mere 1.7% of the sector. An expert blames low awareness and misconceptions. Read more on the future of ethical finance.
Nigeria's banking sector braces for tough days as the CBN's termination of pandemic-era loan relief exposes hidden losses, pushing NPLs above the regulatory limit. Discover the sectors most at risk.
With the March 31 deadline looming, at least 12 Nigerian banks are struggling to meet the CBN's new capital requirements. Discover the full list and potential outcomes for the banking sector.
Aptech Nigeria launches a new AI Career Program offering tech skills, paid internships, and pathways to international degrees. Learn how to apply for this job-ready training.
United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details
First Bank of Nigeria has successfully raised its capital base to meet the Central Bank's N500 billion requirement. The funds will drive support for the real sector and enhance digital innovation. Read more.
Nineteen Nigerian banks have met the CBN's new capital requirements, with Fidelity Bank raising N250bn. Analysts expect more compliance before the March 31, 2026 deadline. Read the full list and analysis.
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
Fidelity Bank Plc has successfully raised over N250bn in a single day, meeting the CBN's N500bn capital requirement. The move cements its position among Nigeria's top-tier lenders ahead of the March 2026 deadline.
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.
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.
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.
Nigeria's aviation sector braces for a sharp drop in passenger traffic as U.S. visa restrictions take effect January 2026. Experts warn of economic fallout for airlines and travel agencies. Read more.
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.
US President Donald Trump announced deadly military strikes against ISIS terrorists in Northwest Nigeria on Christmas, citing attacks on Christians. Read the full details.
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.
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.