N29.84bn Pension Backlog Traps Workers' Funds
Nearly N30 billion in pension contributions remains uncredited to workers' RSAs due to employer errors and data issues, with Stanbic IBTC Pension Managers holding the largest share.
Category : Banking
Banker's 18-Year Contract Staff Struggle Despite Degrees
A Nigerian banker with BSc and Master's degrees reveals enduring 18 years as contract staff in a commercial bank, questioning education value amid job search struggles and systemic frustrations.
NDIC Finalizes Liquidation of 89 Defunct Banks After CBN Revocations
The Nigeria Deposit Insurance Corporation has started the final shutdown process for 89 microfinance and primary mortgage banks, whose licences were revoked by the CBN in 2023. New institutions have taken over under a Purchase and Assumption model, with N
Ecobank Profit Up 21% on Payments and Lending Expansion
Ecobank Group reports a 21% rise in profit before tax to $801 million for 2025, fueled by strong performances in payments, lending, and trade finance across Africa.
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Oladiti Set to Lead NUPENG as Akporeha Exits Presidency
Salimon Oladiti, former PTD National Chairman, is expected to be elected NUPENG President on April 24 in Lagos, marking a historic first for the PTD branch. Outgoing President Williams Akporeha endorsed the transition after his eight-year tenure.
PenCom and TUC Partner for Pension Reforms to Secure Workers' Retirement
The National Pension Commission and Trade Union Congress have intensified their collaboration to implement pension reforms ensuring income security and dignified retirement for Nigerian workers, with initiatives like health insurance and minimum pension g
NDIC Finalizes Liquidation of 89 Closed MFBs and PMBs
The Nigeria Deposit Insurance Corporation has started the final phase of liquidating 89 microfinance and primary mortgage banks, following their licence revocations in 2023, with successor institutions now operational.
CBN Proposes 30-Member Mediation Panel for Loan Disputes
The Central Bank of Nigeria has released draft guidelines for a Mediation and Dispute Resolution Panel to handle disputes between customers and banks, aiming to boost consumer protection and financial system confidence under the STMA Act.
CBN Proposes Mediation Panel for Loan Disputes
The Central Bank of Nigeria has proposed a mediation panel to handle loan-related disputes under the Secured Transactions in Movable Assets Act, aiming to provide a cost-effective alternative to court proceedings and strengthen the financial ecosystem.
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EFCC Warns Banks on Risky Lending and Bad Loans
The EFCC has issued strong warnings to Nigerian banks against granting loans without credible collateral, citing risks to depositors' funds and a rise in non-performing loans.
Dr. Asu Kunemofa Honored for NDDC Financial Governance
Dr. Asu Kunemofa, Director of Finance at NDDC, receives recognition for strengthening financial governance and transparency, with tributes highlighting her two decades of public service impact.
Recapitalized Banks May Not Boost Nigeria's Economy
Despite raising N4.65 trillion in fresh capital, Nigerian banks face constraints from high interest rates and tight monetary policies, limiting their ability to drive economic development through credit expansion.
NAHCO Announces N12.2bn Dividend and Bonus Shares for Shareholders
NAHCO Plc declares a N12.18 billion cash dividend and 278.44 million bonus shares for 2025, with revenue and profits showing significant growth compared to 2024.
Man Mistakenly Credited N4.8 Million Raises Alarm Over Refund
A Nigerian man received N4.8 million in error via OPay and is hesitant to refund due to suspicious account details from the caller, sparking online debate and safety concerns.
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Arewa Youths Hail Court Ruling on Pipeline Surveillance Contract
The Arewa Youths have commended a Federal Capital Territory High Court ruling that upheld the continuity and long-term renewal of Nigeria's pipeline surveillance contract, calling it a victory for national economic stability.
Retrieve Forgotten BVN Instantly in Nigeria: Full Guide
Forgot your Bank Verification Number? Learn multiple safe methods to retrieve your BVN instantly using USSD codes, bank apps, online portals, or bank visits in Nigeria.
Champion Breweries Completes N15b CP Redemption
Champion Breweries PLC has fully redeemed its N15 billion commercial paper issuance, repaying N10.78 billion in Series 2 and N4.22 billion in Series 1, reflecting strong liquidity and investor confidence.
Nigeria's Leasing Hits N26.54 Trillion Amid Credit Crunch
Nigeria's leasing industry surged by 26.5% to N26.54 trillion in 2025, driven by businesses seeking alternative financing amid tight credit and high borrowing costs, with oil and gas leading sectoral growth.
ESVARBON Stresses Ethics and Standards for Surveyors
ESVARBON reinforces ethical standards and warns against misconduct during its 50th anniversary, inducting 420 new surveyors and addressing manpower and tech challenges.
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Fayose: Nigerian vs South African Soldier Salaries
Businessman Isaac Fayose claims South African soldiers earn N2 million monthly while Nigerian soldiers earn N2 million yearly, linking low pay to aggression among security personnel.
Top 10 Microfinance Banks in Nigeria: Loans & Savings
Discover Nigeria's leading microfinance banks offering loans, savings accounts, and SME capital with digital banking services. These institutions promote financial inclusion nationwide.
PTD-NUPENG Confirms Ote as Chairman, Warns on Night Driving
The Petroleum Tanker Drivers branch of NUPENG has affirmed Mathias Ote as substantive National Chairman. At a NEC meeting in Warri, Ote succeeded the late Augustine Egbon and warned members against dangerous night driving due to rising criminal activities
Wisdom Ndubuisi Leads Nigeria's Top CEOs in 2025 Finance
Wisdom Chukwunonso Ndubuisi, CEO of Zaradera Credit Limited, is highlighted in The Guardian's 2025 list of 100 top strategic CEOs for his transformative role in sustainable finance and financial inclusion in Nigeria.
Stanbic IBTC and CIG Partner on Vehicle Financing
Stanbic IBTC Bank partners with CIG on a new vehicle financing scheme, as Africa Prudential Plc reports strong financial performance and digital expansion at its AGM.
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53% of Nigerians Have No Savings, PiggyVest Survey Reveals
A new PiggyVest Savings Report 2025 reveals 53% of Nigerians lack savings, with experts calling for structured financial planning and disciplined approaches to combat rising living costs.
Woman Gets N4M Dividends from Zenith Bank Shares
Treasure Nwachukwu reveals receiving over N4 million in dividends after investing N10.8 million in 300,000 Zenith Bank shares, now valued at N32.7 million.
Emeka Emuwa Receives Citi Distinguished Alumni Award
Emeka Emuwa, Chairman of Verod Holdings, has been awarded the prestigious Citi Distinguished Alumni Award in Leadership, becoming only the second Nigerian to receive this honor after Yemi Cardoso.
New BVN Rules from May 1: 8 Changes Affecting Your Bank Account
The Central Bank of Nigeria introduces new BVN regulations effective May 1, 2026, including phone number limits, transaction caps, and stricter identity checks to combat fraud and enhance security in digital banking.
DR Congo Bans Dollar Cash Use from 2027
The Central Bank of Congo will prohibit cash transactions in foreign currencies starting April 2027, allowing only electronic foreign currency payments. This follows Tanzania's similar move to combat dollarisation.
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UBA Graduates 720 Young Professionals, Stresses Discipline
United Bank for Africa has graduated 720 young professionals under its Graduate Management Accelerated Programme, with Chairman Tony Elumelu urging them to embrace hard work, discipline, and resilience as they enter the workforce.
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