United Bank for Africa (UBA) has launched a new diaspora investment platform to help Africans abroad move beyond remittances and build long-term wealth through banking, investments, pensions, insurance, and real estate services.
Access Bank is recruiting experienced professionals for branch manager, relationship officer, and Chinese desk manager positions across Nigeria. Requirements include business degrees and relevant banking experience.
Nigerian banks are in the final phase of meeting the Central Bank's March 2026 recapitalization deadline, with FCMB undergoing verification and other institutions exploring mergers, foreign investment, and capital raises amid fintech competition.
Zenith Bank founder Jim Ovia details starting with N20 million in 1990, growing to $4 billion in 20 years, and overcoming Nigeria's infrastructure challenges through BYOI strategy.
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A Nigerian woman's viral TikTok post about leaving her banking job on January 1, 2026, to start her own business has ignited widespread reactions and discussions about career transitions.
Ikeja Electric has clarified that its directive for submitting Tax ID and NIN applies only to corporate customers, vendors, and partners, not residential users, to comply with the Nigeria Tax Act 2025.
The Central Bank of Nigeria cautions citizens against mutilating, spraying, or counterfeiting the naira, emphasizing respect for the currency as a national symbol during Valentine's Day celebrations.
The Nigerian naira strengthened by N70 against the US dollar in the parallel market after the Central Bank allowed BDCs to access $150,000 weekly from official sources.
Learn how PalmPay's Spend & Save feature helps Nigerians balance Valentine's Day expenses with financial goals. Discover the #LoveWithPalmPay campaign with N800,000 prize pool.
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Former White House counsel Kathryn Ruemmler resigns from Goldman Sachs after emails reveal extensive ties to Jeffrey Epstein, including gifts and disparaging remarks about Trump.
The Central Bank of Nigeria has announced strict sanctions, including fines up to N10 million, for deposit money banks that use unaccredited cheque printers to enhance security and efficiency in the clearing system.
The Central Bank of Nigeria has classified money bouquets as a form of naira abuse, warning offenders face prison or fines. This crackdown comes just before Valentine's Day celebrations.
The Nigeria Deposit Insurance Corporation is intensifying efforts to recover approximately N1.5 trillion in debts and assets from nearly 150 failed financial institutions using enhanced legal provisions under the NDIC Act 2023.
The Nigerian Naira appreciated against the US dollar, pound sterling, and euro in the official market, marking a third weekly gain following the CBN's decision to permit BDCs to buy dollars from banks.
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The Nigeria Deposit Insurance Corporation reimbursed customers of Heritage Bank, Union Homes, and Aso Savings within three days of closure by using linked BVNs to transfer funds quickly to alternative accounts.
The Nigerian Exchange Banking Index has surged over 10% in 2026 as five major banks demonstrate strong capital positions ahead of the Central Bank's recapitalization requirements.
The Nigerian naira appreciates against the US dollar, trading at N1,351.02 in the official market as external reserves climb to $47.02 billion, the highest level since August 2018. Analysts attribute the gains to CBN reforms and improved forex liquidity.
The Central Bank of Nigeria has authorized Bureau De Change operators to purchase dollars directly from the official foreign exchange market with a weekly limit of $150,000 per operator to boost retail supply.
Moniepoint's latest report shows digital payments now account for 43% of fuel transactions in Nigeria, with 90.9% of petrol stations using POS terminals daily, highlighting a major shift from cash in the oil sector.
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Access Bank's planned acquisition of South Africa's Bidvest Bank has expired without completion due to unmet regulatory conditions, though the bank remains committed to African expansion.
The Nigerian naira has recorded its strongest performance against the US dollar since May 2024, with CBN Governor Yemi Cardoso expressing optimism about sustained monetary reforms.
Access Bank's planned acquisition of South Africa's Bidvest Bank has collapsed due to unmet conditions and regulatory hurdles, raising concerns about the Nigerian bank's expansion strategy.
The Nigeria Deposit Insurance Corporation advises customers to properly link BVN to accounts for swift reimbursement of insured deposits if banks fail, with coverage up to N5 million.
The Central Bank of Nigeria has approved the Bank of Industry to operate a Non-Interest Banking window, expanding ethical financing options for businesses during the banking sector recapitalisation exercise.
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The Nigerian naira shows resilience against the US dollar in early February 2026, trading at ₦1,363.84 in official markets and ₦1,440-₦1,455 in parallel markets amid CBN policy support.
A Nigerian returning from the UK shares his seamless experience using UBA's instant digital account opening platform, avoiding traditional banking hassles.
Summit Bank, a two-year-old non-interest financial institution, has successfully met the Central Bank of Nigeria's capital requirements ahead of the March 2026 deadline, positioning itself for growth in Nigeria's evolving banking sector.
Five major Nigerian banks have released their 2025 financial results, reporting a combined profit after tax of N502 billion and significant growth in customer deposits, signaling strong public trust and sector resilience.
Zenith Bank's first female CEO Adaora Umeoji celebrates her birthday while leading Nigeria's most profitable bank and inspiring women in corporate leadership.
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Wema Bank has achieved a historic milestone by joining Nigeria's exclusive N1 trillion market capitalisation club, becoming the 24th most valuable listed company on the Nigerian Exchange.
