Regulators, banks, and civil society groups have agreed to standardize onboarding processes for non-profit organizations in Nigeria, aiming to ease restrictions that hinder charities and humanitarian operations.
A McKinsey report reveals Nigeria holds 8.7% of Africa's $107 billion banking revenue, ranking third behind South Africa and Egypt. Nigerian banks excel in profitability due to FX gains and digital growth.
The Central Bank of Nigeria is set to unveil a new payment systems vision to guide the digital payments ecosystem, following a surge in electronic transactions to N1.07 quadrillion in 2024.
Zenith Bank Plc has finalized its acquisition of 100% of Paramount Bank Kenya Limited, marking its official entry into the East African market following regulatory approvals from both Nigeria and Kenya.
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The Central Bank of Nigeria introduces new BVN guidelines effective May 1, 2026, to combat fraud and enhance security, including one-time phone number changes and transaction caps.
Zenith Bank Plc reports over N1 trillion profit after tax for 2025, with improved asset quality and a doubled dividend payout, reinforcing its status as Nigeria's most profitable bank.
Labour unions picketed Global Plus Publishing Company in Lagos, alleging the dismissal of 75 workers for joining trade unions, citing violations of labour laws and constitutional rights.
Access Bank CEO Roosevelt Ogbonna commends Ogun State's investor-friendly policies and supports the Gateway International Airport project, highlighting strong public-private partnerships for economic growth.
Ecobank Nigeria has revised its savings interest rates to 7.95% for standard accounts and 8.95% for target savings, effective March 1, following CBN's MPR adjustments.
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The Central Bank of Nigeria's new BVN regulations, effective May 1, 2026, have triggered a surge in account linking, with registrations reaching 68.6 million as Nigerians comply with stricter security measures.
A forensic audit reveals Union Bank's former leadership engaged in a $300 million shadow loan scandal, illegal withdrawals, and depositor fund raids, prompting CBN's dramatic intervention to prevent systemic collapse.
The Central Bank of Nigeria introduces tougher BVN enrolment regulations, including age restrictions and a temporary watchlist system, aiming to reduce identity fraud and enhance digital banking security nationwide.
Pawnshop by Bluradish is transforming luxury watches and designer items into financial assets for Nigerians. Learn how this innovative service provides short-term loans using high-value possessions as collateral without requiring permanent sale.
The Development Bank of Nigeria (DBN) Plc has announced its 9th Annual General Meeting set for April 30, 2026, in Abuja. Shareholders will review financial statements, vote on dividends, director re-elections, and key governance matters.
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A forensic audit has uncovered widespread financial misconduct at Union Bank of Nigeria, including fraudulent misappropriation of foreign loans and inappropriate withdrawals of depositors' funds, which threatened the bank's survival before CBN interventio
Nigerian Exchange Group convenes top African exchanges in Lagos to advance cross-border listings, focusing on the Dangote Refinery as a test case for market integration and capital mobilization across the continent.
The Central Bank of Nigeria has mandated banks to submit risk-based capital stress test reports by April 30, 2026, shifting focus from capital size to resilience under adverse conditions.
Nigeria's banking sector credit to the domestic economy rose to N111.39 trillion in February 2026, the highest since November 2024, though SME lending remains critically low at just 1% of total credit.
MeCure Industries Plc has fully redeemed its N3 billion Senior Secured Bond on schedule, highlighting the company's strong financial management and solid cash flow. The CFO emphasized this milestone strengthens investor confidence and supports future grow
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AXA Mansard Investment Limited has launched a mentorship initiative targeting young professional women in Nigeria to enhance financial literacy and investment participation, addressing gender gaps in wealth creation.
CBN Governor Yemi Cardoso highlights ongoing challenges in Nigeria's banking recapitalisation, aimed at strengthening financial resilience and supporting economic growth, with over ₦4.65 trillion raised.
Nigeria's largest tier-one banks, known as FUGAZ, collectively spent approximately N1.23 trillion on personnel expenses in 2025, marking significant increases from 2024 due to inflation, salary adjustments, and expanded hiring across the sector.
The naira weakened slightly at the official market but held steady in the black market, with GTBank showing appreciation. Experts attribute stability to CBN's remittance policy for IMTOs.
A London-based Nigerian man reveals a Central Bank of Nigeria award honoring his father's 20 years of service in 1999, sparking social media buzz and discussions on legacy and wealth.
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The Central Bank of Nigeria announces 33 banks have strengthened with N4.65 trillion capital injection, positioning them to drive SME growth, infrastructure projects, and Nigeria's $1 trillion economy goal.
Wema Bank has secured two prestigious awards at the Global SME Banking Innovation Awards 2026, recognized for its SME Financier of the Year and Best SME Lending Product – Digital Bank, highlighting its role in advancing financial access for small and medi
The Central Bank of Nigeria, commercial banks, and fintech firms have united to launch the Payments Service Providers Committee, aiming to address structural issues in Nigeria's digital payments ecosystem, which saw over 11.2 billion transactions worth ₦1
Flutterwave has obtained a banking licence from Nigeria's Central Bank, transitioning from payments to full financial services and positioning itself to compete directly with established banks like Access and Zenith.
Nigeria's banking sector has completed a major recapitalisation, raising N4.61 trillion to strengthen financial institutions. This move aims to support business growth and help achieve the Federal Government's $1 trillion GDP target by 2031.
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The Central Bank of Nigeria has established the Payment Service Providers Committee to enhance regulation, accelerate reforms, and resolve bottlenecks in the digital payments ecosystem, with a new vision set for launch soon.
