Nigeria's banking sector credit to the domestic economy rose to N111.39 trillion in February 2026, the highest since November 2024, though SME lending remains critically low at just 1% of total credit.
MeCure Industries Plc has fully redeemed its N3 billion Senior Secured Bond on schedule, highlighting the company's strong financial management and solid cash flow. The CFO emphasized this milestone strengthens investor confidence and supports future grow
AXA Mansard Investment Limited has launched a mentorship initiative targeting young professional women in Nigeria to enhance financial literacy and investment participation, addressing gender gaps in wealth creation.
CBN Governor Yemi Cardoso highlights ongoing challenges in Nigeria's banking recapitalisation, aimed at strengthening financial resilience and supporting economic growth, with over ₦4.65 trillion raised.
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Nigeria's largest tier-one banks, known as FUGAZ, collectively spent approximately N1.23 trillion on personnel expenses in 2025, marking significant increases from 2024 due to inflation, salary adjustments, and expanded hiring across the sector.
The naira weakened slightly at the official market but held steady in the black market, with GTBank showing appreciation. Experts attribute stability to CBN's remittance policy for IMTOs.
A London-based Nigerian man reveals a Central Bank of Nigeria award honoring his father's 20 years of service in 1999, sparking social media buzz and discussions on legacy and wealth.
The Central Bank of Nigeria announces 33 banks have strengthened with N4.65 trillion capital injection, positioning them to drive SME growth, infrastructure projects, and Nigeria's $1 trillion economy goal.
Wema Bank has secured two prestigious awards at the Global SME Banking Innovation Awards 2026, recognized for its SME Financier of the Year and Best SME Lending Product – Digital Bank, highlighting its role in advancing financial access for small and medi
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The Central Bank of Nigeria, commercial banks, and fintech firms have united to launch the Payments Service Providers Committee, aiming to address structural issues in Nigeria's digital payments ecosystem, which saw over 11.2 billion transactions worth ₦1
Flutterwave has obtained a banking licence from Nigeria's Central Bank, transitioning from payments to full financial services and positioning itself to compete directly with established banks like Access and Zenith.
Nigeria's banking sector has completed a major recapitalisation, raising N4.61 trillion to strengthen financial institutions. This move aims to support business growth and help achieve the Federal Government's $1 trillion GDP target by 2031.
The Central Bank of Nigeria has established the Payment Service Providers Committee to enhance regulation, accelerate reforms, and resolve bottlenecks in the digital payments ecosystem, with a new vision set for launch soon.
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.
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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.
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
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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.
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.
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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.
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.
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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.
