Tony Elumelu, Chairman of United Bank for Africa, pledges to expand conversion of outsourced staff to full-time roles as UBA graduates 720 trainees from its Graduate Management Accelerated Programme.
Wema Bank Plc has announced a 116% increase in profit before tax to N221.85 billion for the 2025 financial year, with gross earnings rising to N660.6 billion. The bank attributes this growth to improved interest income and digital banking revenues.
The Bank of Industry recognized 10 top-performing Business Development Service Providers and inducted nine SMEs into its Hall of Fame for excellent loan repayment and business practices at a Lagos event.
Afreximbank reports a 21% increase in total assets to $48.5 billion for 2025, driven by growth in loans, stable portfolio quality, and robust liquidity, highlighting financial resilience and strategic execution.
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The Central Bank of Nigeria has dismissed claims of a new ₦5000 banknote with President Bola Tinubu's image as fake news, sparking mixed reactions from Nigerians on social media.
Afreximbank reports a 21% increase in total assets to $48.5 billion for 2025, driven by strategic lending and strong financial resilience despite geopolitical disruptions.
A Nigerian man recounts his experience applying for jobs at CBN and NNPC, highlighting how a friend with a first-class degree was selected on merit, sparking reactions on social media.
The Central Bank of Nigeria has dismissed false social media claims about Polaris Bank's liquidation, labeling them as misinformation and reaffirming the stability of Nigeria's banking sector.
The Central Bank of Nigeria introduces enhanced BVN guidelines to combat banking fraud. Key measures include one-device limits, transaction caps, and stricter verification for device switching.
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Baobab Microfinance Bank Nigeria has officially moved its headquarters to 129 Ikorodu Road, Lagos, marking a strategic expansion to improve financial accessibility for small businesses and individuals across Nigeria.
Zenith Bank Plc announced gross earnings of N4.19 trillion for 2025, a 6% increase from 2024, fueled by a 35% rise in interest income. Profit after tax grew slightly to N1.04 trillion, with dividends doubling to N10 per share.
Nigeria's pension assets surged to N29.43 trillion in February 2026, driven by equity market gains and fresh contributions, marking the highest monthly increase since the pension scheme began.
Irvin Global and Investment Group commemorates its 10th anniversary by commissioning a new state-of-the-art head office in Abuja, highlighting growth from a single branch to over 30 nationwide.
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.
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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.
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.
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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.
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.
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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.
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.
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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.
