Wema Bank Names 10-Year-Old as One-Day MD/CEO Winner (30.05.2026)
Wema Bank appoints 10-year-old Chinmamanda Diamond Ozoakpata as one-day MD/CEO for 2026 Children's Day, promoting financial literacy and youth leadership.
Category : Banking
Jumia Appoints Ex-AfDB President Adesina to Board
Jumia Technologies appoints Dr. Akinwumi Adesina, former AfDB president, to its supervisory board to strengthen governance and accelerate profitability.
BMONI, Mastercard Partner for Instant Cards in Nigeria
Mastercard and BMONI partner to launch instant Naira and US dollar virtual and physical cards, enabling seamless local and international payments for Nigerians.
Chelsea Demand £120m for Enzo Fernandez
Chelsea will demand a club-record £120m if Enzo Fernandez pushes for a summer move to Real Madrid, making him the third most expensive sale in English football history.
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Fahmy Named Mondelēz West Africa Managing Director
Ayman Fahmy has been appointed Managing Director for West Africa at Mondelēz International, effective May 15, 2026. He will lead Cadbury Nigeria and drive market expansion.
Canada Opens New Immigration Pathways for Nigerian Doctors
Canada announces new immigration routes for international medical doctors, including Nigerians, with expedited work permits and permanent residency to address healthcare shortages.
EKEDP Launches Power App for Customer Control
Eko Electricity Distribution Plc has launched the EKEDP Power App, a digital platform enabling customers to buy tokens, pay bills, monitor usage, and manage services seamlessly.
Kano Governor Approves ₦20,000 Eid Bonus for Workers
Kano State Governor Abba Kabir Yusuf has approved ₦20,000 for workers on Grade Levels 01–14 ahead of Eid-el-Kabir to ease financial burden.
E-Invoicing: Manufacturers' VAT Recovery Tied to Supplier Compliance
Under Nigeria's new e-invoicing system, manufacturers' input VAT recovery depends on suppliers' compliance, creating financial risks if vendors fail to onboard.
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Griffin Capital Launches Integrated Finance Platform
Griffin Capital Group unveils a fully integrated financial services platform in Nigeria, combining investment banking, asset management, lending, and insurance under one structure to boost capital mobilization.
Fidelity Bank Gross Earnings Rise 38% in Q1 2026
Fidelity Bank Plc reported a 37.9% increase in gross earnings to N434.95 billion in Q1 2026, driven by strong interest income growth. Profit before tax stood at N92.48 billion.
Wema Bank Names 10-Year-Old as One-Day MD/CEO Winner
Wema Bank appoints 10-year-old Chinmamanda Diamond Ozoakpata as winner of its 2026 One-Day MD/CEO Children's Day initiative, promoting financial literacy and leadership among Nigerian children.
Chelsea Faces Massive Financial Loss After Missing UCL
Chelsea's failure to qualify for the UEFA Champions League will cost them over £100 million, impacting transfer plans and sponsorship deals.
Signature Bank 2025 Profit Hits ₦3.59 Billion
Signature Bank reports strong 2025 performance with profit after tax rising to ₦3.59bn, gross earnings up 94.5%, and improved cost-to-income ratio.
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CBN Injects N9.71 Trillion, Naira Gains N19.67 in April
The naira appreciated 1.42% in April 2026 as CBN issued N9.71 trillion in OMO bills to stabilize the FX market and curb inflation.
Domestic Investors Boost Stock Market to N1.8 Trillion
Domestic investors' participation in Nigerian stock market rose to N1.8 trillion in April 2026, up 3.35% from March, driven by retail and institutional activity.
MTN, SMEDAN Expand mySMEville to Address $158b Gap
MTN and SMEDAN expand mySMEville platform to bridge Nigeria's $158 billion MSME financing gap, targeting 5 million businesses with funding and digital tools.
FCCPC Suspends Digital Lending Rules, Telcos Resume Loans
FCCPC halts enforcement of 2025 digital lending regulations after court order, allowing MTN, Airtel, and others to resume airtime and data lending services for millions of Nigerians.
Retail Investors Seek Dangote Refinery IPO Allocation
Nigerian retail shareholders call for dedicated IPO allocation at Dangote Refinery, warning against institutional dominance and urging SEC and NGX to ensure public participation.
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152,000 Retirees to Get Free Healthcare Under Annuity Scheme
The Federal Government plans to extend free healthcare to 152,000 retirees under the retiree life annuity scheme, enhancing social protection for pensioners.
Naira Weakens to N1,375.5/$ as Reserves Hit $48.72b
Naira depreciates 0.32% to N1,375.46/$ despite external reserves rising to $48.72bn. Parallel market also weakens. Analysts expect continued pressure.
Insurer Paid N7 Billion Claims in 2025
Nigerians received over N7 billion in claims from emPLE in 2025, covering life and general insurance, amid economic pressures. CEO reaffirms commitment to policyholders.
CBN New BVN Rules: Group Warns of Bank Access Loss
Digicivic Initiative warns that CBN's new BVN phone number rules could lock out rural dwellers, students, and low-income Nigerians from bank accounts, urging a flexible policy.
USSD Glitches Hit Nigerian Banks Over New Airtime Rule
Millions of Nigerians face USSD banking disruptions due to a new airtime requirement and stricter fraud measures, causing transaction failures and frustration.
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Official Customer Care Lines for Nigerian Banks and Fintechs 2026
Access verified customer care numbers for Nigerian banks and fintechs in 2026. Avoid scams and protect your finances with official contacts.
Afreximbank Q1 2026 Profit Hits $268.9m on Resilience
Afreximbank reports Q1 2026 profit of $268.9 million, up from $215.4 million in 2025, driven by disciplined balance sheet management and strong deal execution.
BMONI, Mastercard Launch Instant Cards in Nigeria
BMONI and Mastercard collaborate to introduce instant virtual and physical cards in Nigeria, enabling seamless local and cross-border transactions for consumers.
EEDC Launches SuperEdge Integrated Billing System
EEDC completes SuperEdge billing system integration, enhancing prepaid and postpaid services with QR code authentication, SMS payments, and self-service features.
GTBank Caps Naira Debit Card Spending at $20,000 Quarterly
Guaranty Trust Bank sets a $20,000 quarterly limit on international transactions via naira debit cards, with an exchange rate of N1,381 per dollar, reflecting Nigeria's volatile FX market.
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Accion MfB Marks 20 Years of Impact and Empowerment
Accion Microfinance Bank celebrated its 20th anniversary in Lagos, reflecting on two decades of empowering entrepreneurs, reducing poverty, and transforming communities across Nigeria.
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