The Central Bank of Nigeria has approved the rebranding of FBNQuest Merchant Bank to Quest Merchant Bank Limited following its sale by First Bank Holdings, marking a strategic shift in Nigeria's financial sector.
The Central Bank of Nigeria sold N8.5 trillion in Open Market Operation instruments in January, driving system liquidity into a N2.4 trillion deficit and pushing interbank rates higher.
First Abu Dhabi Bank reveals plans to establish a representative office in Lagos, marking its entry into sub-Saharan Africa with focus on Nigeria's infrastructure and energy sectors.
As Nigeria's banking sector approaches the March 31, 2026 recapitalization deadline, top performers like Access Bank and Zenith Bank exceed requirements while others face potential mergers or downgrades.
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The Nigerian naira continues its impressive rally against the US dollar, recording seven consecutive days of appreciation and securing a new exchange rate at the official market.
Zenith Bank Plc is closing in on the N3 trillion market capitalization milestone as investor confidence grows ahead of Q4 earnings and CBN recapitalization deadline.
First Bank Holdings Plc has written off N748 billion in legacy bad loans, causing a 92% profit decline. Chairman Femi Otedola explains this as a necessary one-time action for long-term stability and future growth.
First Bank Holdings Chairman Femi Otedola details the strategic decision to write off N748bn in bad loans, aligning with CBN directives to ensure long-term financial stability despite a 92% profit drop.
Wema Bank Plc announces stellar 2025 results with 124% profit growth to N193.2bn, N653.3bn gross earnings, and 30% deposit increase to N3.28 trillion.
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Kuda Microfinance Bank has secured a national licence from the Central Bank of Nigeria, enabling it to establish physical banking operations across the country while maintaining its digital-first strategy.
Four Nigerian banks face potential mergers ahead of March 2026 CBN recapitalisation deadline, with Union Bank, Keystone Bank, Unity Bank, and Polaris Bank exploring strategic options.
UNICEF and Standard Chartered Foundation partner to create 1,500 sustainable job opportunities for young Nigerian women aged 18-24, focusing on economic inclusion and tackling youth unemployment.
Former Central Bank of Nigeria Governor Godwin Emefiele has retreated from public life after facing financial misconduct allegations. This article explores his current situation, legal battles, and career background.
The Central Bank of Nigeria's withdrawal of N3.7 trillion through treasury and OMO bill sales has pushed the banking system into a N2.5 trillion liquidity deficit, tightening money market conditions significantly.
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The Central Bank of Nigeria has approved a temporary two-month dispensation allowing importers to use NAFDAC licences that expired in December 2025 for Form M processing.
The Central Bank of Nigeria has authorized a two-month grace period for importers to use expired NAFDAC licenses in processing Form M applications due to system migration challenges.
Two major Nigerian banks have acquired Kenyan lenders as part of a strategic push to deepen their continental footprints. This move highlights Kenya's growing importance as East Africa's banking hub amid regulatory reforms and currency stability.
A Chilean court has ruled that a distribution assistant who received 330 times his salary due to a payroll error can keep the money after resigning, dismissing theft charges in a landmark case.
Moniepoint MFB announces multiple job vacancies across technical and administrative roles following its Central Bank of Nigeria licence upgrade to operate nationwide.
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The merger between Providus Bank and Unity Bank is in its final stages, awaiting court sanction as Nigerian banks race to meet the Central Bank's March 2026 recapitalisation requirements.
The merger between Providus Bank and Unity Bank enters final phase with court sanction pending, as Nigerian banks race to meet CBN's March 2026 recapitalisation requirements.
The Central Bank of Nigeria will introduce regulations requiring banks to align debit card issuance with ATM capacity to reduce downtime and restore confidence in electronic payments.
Nigeria's financial regulators intensify anti-fraud efforts with 13,417 individuals listed on central Person of Interest Portal. Fraud losses surged to N52.26 billion in 2024 despite declining cases.
CBN resolves 9,771 complaints in H1 2025 as electronic transaction issues and fraud cases dominate customer grievances. Total claims reach N21.42 billion with N7.17 billion refunded.
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Keystone Bank has relocated its Awolowo Road branch in Ikoyi to a state-of-the-art facility at 1 Keffi/Manuwa Street, Lagos, as part of its strategy to improve customer service and operational efficiency.
LivingTrust Mortgage Bank Plc announces a profit after tax of N1.01 billion for 2025, an 18.3% increase from 2024, with significant growth in assets, loans, and deposits.
Parallex Bank Plc has sponsored the 2025 Future Africa Leaders Awards, honoring 10 young Africans for community impact. The bank's MD emphasized Nigeria's youth potential and commitment to empowerment.
The Central Bank of Nigeria's ongoing recapitalisation programme aims to create bigger, resilient banks capable of supporting Nigeria's trillion-dollar economy ambition. With 20 banks already meeting requirements, the exercise progresses toward the March
The Trade Union Congress warns NAFDAC's ban on alcohol in sachets could lead to massive job losses and investment collapse, accusing the agency of targeting indigenous producers.
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The EFCC has accused financial institutions of facilitating massive fraud schemes by neglecting KYC procedures, leading to over N18.7bn in losses for more than 900,000 Nigerians.
