Anthonia Nnaebue Named MD of Cooperative Mortgage Bank
Anthonia Nnaebue has been appointed Managing Director of Cooperative Mortgage Bank, focusing on affordable housing, digital innovation, and inclusive banking across Nigeria.
Category : Banking
DataPro Advises Banks on CBN Stress-Test Compliance (02.04.2026)
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.
Nigerian Banks Raise N4.65tn in CBN Recapitalisation Exercise
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.
Banks To Close Nationwide for Easter Holiday in Nigeria
Nigerian banks will shut branches nationwide for two days during Easter holidays as declared by the Federal Government. Customers are advised to use digital platforms for transactions during this period.
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CBN Concludes Recapitalisation, Raises ₦4.65 Trillion
The Central Bank of Nigeria has successfully concluded its two-year banking sector recapitalisation programme, raising ₦4.65 trillion with Nigerian investors providing 72.55% of the funds. Governor Olayemi Cardoso announced that 33 banks have met the new
PenCom Opens Pension Plan to Students and Infants
Nigeria's National Pension Commission has removed age restrictions, allowing students and infants to participate in the Personal Pension Plan to encourage early retirement savings.
Afreximbank Underwrites $2.5B Loan for Dangote Refinery
Afreximbank has underwritten $2.5 billion in a $4 billion syndicated loan for Dangote Petroleum Refinery, enhancing financial stability and supporting Africa's energy security and industrial growth.
CBN Orders Stress Tests for Nigerian Banks Post-Recapitalization
The Central Bank of Nigeria has directed all deposit money banks to conduct comprehensive stress tests starting April 1, 2026, with reports due by April 30. This marks a shift from capital size to risk-based resilience assessment.
Zenith Bank Unveils Visa Signature Card for Premium Services
Zenith Bank Plc has introduced the Visa Signature Card in partnership with Visa, targeting high-income customers with global access, travel benefits, and enhanced security features.
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Court Freezes N448M Assets in Keystone Bank Debt Case
A Federal High Court in Lagos has frozen assets worth N448.3 million belonging to five defendants in a debt recovery case filed by Keystone Bank over an alleged unpaid overdraft facility.
GTCO Posts N1.23 Trillion Profit, N12.76k Dividend
Guaranty Trust Holding Company Plc announced a profit before tax of N1.23 trillion for 2025, with a dividend of N12.76k per share, highlighting robust financial metrics and growth in core operations.
FCMB Capital Markets Tops FMDQ League with N1.53 Trillion
FCMB Capital Markets Limited raised N1.53 trillion in corporate debt capital through bond listings and commercial paper on FMDQ Securities Exchange in 2025, securing first place on the exchange's Fixed Income Primary Markets Sponsors' League Table.
Afreximbank Secures $2 Billion Loan, Oversubscribed by Investors
African Export-Import Bank concludes a $2 billion three-year dual tranche syndicated loan facility, oversubscribed to $2.36 billion, with proceeds for refinancing and corporate use.
Zedcrest Names Simbiat Bada as Stockbroking Managing Director
Zedcrest Group has appointed Simbiat Bada as Managing Director of its stockbroking arm, following its acquisition of RMB Nigeria Stockbrokers. The move aims to deepen market capabilities and enhance client-focused financial solutions.
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DataPro Advises Banks on CBN Stress Test Compliance
DataPro advises Nigerian banks to start portfolio analysis and data preparation for the CBN's stress test directive, effective April 1, 2026, to ensure resilience under new risk-based capital rules.
DataPro Trains Journalists on AI and Financial Reporting
DataPro's executive director Oladele Adeoye emphasized the need for journalists to master AI tools and data interpretation to maintain credibility in financial reporting during a virtual media training session.
Nigerian Banking Criticized for Harsh Contract Staff Treatment
A man shares his distressing experience as a contract staff in Nigeria's banking sector, highlighting overwork, lack of benefits, and poor treatment, contrasting it with better conditions abroad.
Zedcrest Names Bada MD for Stockbroking After RMB Deal
Zedcrest Capital has appointed Bada as Managing Director of its stockbroking division, two years after acquiring RMB Stockbrokers, marking a strategic leadership move in Nigeria's financial sector.
Rabiu's $2.2B March Gain Outshines Dangote's Wealth Growth
Nigerian billionaire Abdulsamad Rabiu's net worth surged by $2.2 billion in March 2026, outpacing Aliko Dangote's gains, driven by strong performance of BUA Cement and BUA Foods shares on the NGX.
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Nigeria's Currency History: Shillings, Pounds, and Naira
Explore the rich history of Nigeria's currency, tracing its journey from pre-colonial barter systems to the introduction of the naira in 1973, including key changes and milestones.
Foreign Bank Inflows Surge 93% in Nigeria, Led by Standard Chartered
Foreign capital inflows into Nigeria's banking sector surged by 93.25% to $13.53 billion in 2025, with Standard Chartered Bank Nigeria Limited and Stanbic IBTC Bank Plc leading the charge.
CBN Commits to Clean Currency Supply for Economic Growth
The Central Bank of Nigeria reaffirms its commitment to providing clean currency notes and implementing monetary reforms to stabilize the economy, as highlighted at the Enugu Trade Fair.
CBN Reaffirms Adekilekun as LivingTrust Mortgage Bank Chairman
The Central Bank of Nigeria has officially reaffirmed Dr. Kamaldeen Adekilekun as the substantive Chairman of LivingTrust Mortgage Bank Plc, ending recent leadership uncertainty and upholding regulatory governance standards.
Banking Sector Draws $13.53B Foreign Capital in 2025
Foreign capital inflows into Nigeria's banking sector surged to $13.53 billion in 2025, a 93.25% increase from 2024, driven by recapitalization efforts ahead of CBN deadlines.
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CBN Recapitalisation Deadline Hits: Four Banks Under Pressure
Nigeria's banking sector faces a critical recapitalisation deadline with four banks struggling to comply while the industry has raised over N4 trillion. Experts warn stronger banks don't guarantee economic growth without supporting the real sector.
Dr. Oladele Alabi Elected 24th President of CIBN
The Chartered Institute of Bankers of Nigeria elects Dr. Oladele Alabi as its 24th President, with new officers announced at the 2026 AGM, focusing on financial inclusion and global impact.
APWB Drives Financial Inclusion and Gender Equity in Nigeria
Stakeholders at the APWB Annual Women's Marquee Event call for inclusive financial systems, innovation, and gender equity, emphasizing women's role in shaping finance.
BoI Secures €50m EIB Loan for Nigeria Healthcare Funding
The Bank of Industry has obtained a €50 million facility from the European Investment Bank to finance Nigeria's healthcare and pharmaceutical businesses, supporting local manufacturing and supply chains.
CPPE Calls for Real Sector Focus After Bank Recapitalisation
The Centre for the Promotion of Private Enterprise warns that Nigeria's banking sector remains weakly linked to the productive economy despite successful recapitalisation, urging reforms to boost credit flow to SMEs and key sectors.
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Keystone Bank USSD Codes 2026: Full Guide & How to Use
Discover all Keystone Bank USSD codes for 2026, including how to register, check balances, transfer money, and troubleshoot issues. Learn about the bank's mobile services and customer support options.
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