Flutterwave has obtained a national microfinance banking licence in Nigeria, enabling it to offer accounts, cards, and lending directly. The move positions the fintech to compete with traditional banks.
Wema Bank has been recognized as SME Financier of the Year and won Best SME Lending Product – Digital Bank at the Global SME Banking Innovation Awards 2026, highlighting its commitment to supporting Nigeria's small and medium-sized enterprises through inn
A Nigerian woman shares how her friend, who was sacked from her banking job and left broke, secured a well-paying position at Blord's company after a desperate early morning visit to his office gate with her CV.
The Nigeria Labour Congress disrupted AEDC operations, protesting the dismissal of 900 workers. NLC President Joe Ajaero accused the company of deceit and gave a 48-hour ultimatum for recall, threatening power supply disruptions in the FCT.
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The Central Bank of Nigeria has officially concluded its 24-month bank recapitalisation programme, with Nigerian banks raising ₦4.65 trillion. Simultaneously, the regulator has launched a pilot programme to monitor cryptocurrency transactions involving si
The Central Bank of Nigeria has published new data showing a widespread reduction in savings deposit interest rates across Nigerian banks, with many now offering 7.95% annually, down from earlier rates, as the monetary policy rate adjustment influences re
Zedcrest Group has named Luke Ofojebe, CFA, as its new Chief Investment Officer to enhance investment management and client advisory services, following his successful tenure at Zedcrest Wealth.
Niger Delta groups are in conflict over decentralizing pipeline surveillance contracts, with some demanding broader inclusion while others support existing contractors.
The National Pension Commission has abolished age restrictions on personal pension plans, allowing Nigerians from birth to start saving for retirement, aiming to boost financial inclusion and long-term capital formation.
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FCMB Capital Markets Limited raised N1.53 trillion in corporate debt capital through bond listings and commercial paper quotations on FMDQ Securities Exchange in 2025, securing the top spot on the exchange's Fixed Income Primary Markets Sponsors' League T
Zedcrest Group has appointed Luke Ofojebe as its Chief Investment Officer to enhance investment management capabilities and drive growth in financial solutions.
The Central Bank of Nigeria has concluded its two-year bank recapitalization program, with institutions raising N4.65 trillion. Simultaneously, the CBN initiated a supervisory pilot for six virtual asset service providers to enhance financial oversight.
Providus Bank's Head of Strategy, Ernest Elue, explains the bank's sponsorship of the NCF Women's Invitational Cricket Tournament, citing alignment with values like resilience and team spirit, and noting the sport's growing popularity in Nigeria.
A comprehensive analysis reveals Nigerian accountants earn ₦2.5 million annually on average, dramatically lower than London's $57,493 and Toronto's $93,542. The report examines salary ranges, qualifications, and cost of living across all three locations.
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Anthonia Nnaebue has been appointed Managing Director of Cooperative Mortgage Bank, focusing on affordable housing, digital innovation, and inclusive banking across Nigeria.
DataPro, a Nigerian rating agency, urges banks to conduct portfolio analysis and prepare data to comply with the CBN's new stress-test directive aimed at enhancing financial resilience.
The Central Bank of Nigeria announced that 33 banks have successfully raised N4.65 trillion to meet new capital requirements, boosting sector resilience, though concerns persist over credit access for small businesses.
Nigerian banks will shut branches nationwide for two days during Easter holidays as declared by the Federal Government. Customers are advised to use digital platforms for transactions during this period.
The Central Bank of Nigeria has successfully concluded its two-year banking sector recapitalisation programme, raising ₦4.65 trillion with Nigerian investors providing 72.55% of the funds. Governor Olayemi Cardoso announced that 33 banks have met the new
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Nigeria's National Pension Commission has removed age restrictions, allowing students and infants to participate in the Personal Pension Plan to encourage early retirement savings.
Afreximbank has underwritten $2.5 billion in a $4 billion syndicated loan for Dangote Petroleum Refinery, enhancing financial stability and supporting Africa's energy security and industrial growth.
The Central Bank of Nigeria has directed all deposit money banks to conduct comprehensive stress tests starting April 1, 2026, with reports due by April 30. This marks a shift from capital size to risk-based resilience assessment.
Zenith Bank Plc has introduced the Visa Signature Card in partnership with Visa, targeting high-income customers with global access, travel benefits, and enhanced security features.
A Federal High Court in Lagos has frozen assets worth N448.3 million belonging to five defendants in a debt recovery case filed by Keystone Bank over an alleged unpaid overdraft facility.
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Guaranty Trust Holding Company Plc announced a profit before tax of N1.23 trillion for 2025, with a dividend of N12.76k per share, highlighting robust financial metrics and growth in core operations.
FCMB Capital Markets Limited raised N1.53 trillion in corporate debt capital through bond listings and commercial paper on FMDQ Securities Exchange in 2025, securing first place on the exchange's Fixed Income Primary Markets Sponsors' League Table.
African Export-Import Bank concludes a $2 billion three-year dual tranche syndicated loan facility, oversubscribed to $2.36 billion, with proceeds for refinancing and corporate use.
Zedcrest Group has appointed Simbiat Bada as Managing Director of its stockbroking arm, following its acquisition of RMB Nigeria Stockbrokers. The move aims to deepen market capabilities and enhance client-focused financial solutions.
DataPro advises Nigerian banks to start portfolio analysis and data preparation for the CBN's stress test directive, effective April 1, 2026, to ensure resilience under new risk-based capital rules.
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DataPro's executive director Oladele Adeoye emphasized the need for journalists to master AI tools and data interpretation to maintain credibility in financial reporting during a virtual media training session.
