SEC Increases Capital Base for Market Operators
Nigeria's SEC has significantly raised the minimum capital for capital market operators to boost market resilience. Issuing houses now need N7bn. Deadline is June 2027.
Category : Search result: CBN requirement
Over 20 Nigerian Banks Now Meet CBN Recapitalisation Target
More than 20 Nigerian banks, including Sterling Bank, FirstBank, and UBA, have successfully met the Central Bank's new capital requirements. Discover the impact on sector resilience and the economy.
US Visa Restrictions Delay 5,000 Nigerian Immigrants
Over 5,000 Nigerian immigrants face delays as the US pauses visa processing for 75 countries. Analysts warn of strained Nigeria-US relations. Get the full story.
NGX Lists 3.16 Billion New UBA Shares
The Nigerian Exchange has listed 3.16 billion new UBA shares from a rights issue, raising N158bn and pushing the bank's total capital above the CBN's N500bn requirement. Read more.
JAMB Announces 2026 UTME, Direct Entry Registration Dates
JAMB has announced January 26, 2026, as the start date for UTME and Direct Entry forms for the 2026/2027 session. Get all details on fees, age requirements, and exam schedules here.
CBN: Nigeria's Economy Grows 3.89% in 2025, Inflation Eases
The Central Bank of Nigeria's 2025 macroeconomic outlook shows resilient growth at 3.89% and falling inflation. Discover the projections for 2026 and the critical policy actions needed.
Fidelity Bank Meets CBN's N500bn Capital Requirement
Fidelity Bank Plc has successfully raised its capital base to N564.5bn, crossing the CBN's N500bn threshold for international banks. Discover how the recapitalisation race is reshaping Nigeria's banking sector with the March 2026 deadline looming.
12 Nigerian banks yet to meet CBN recapitalisation deadline
With the March 31 deadline looming, at least 12 Nigerian banks are struggling to meet the CBN's new capital requirements. Discover the full list and potential outcomes for the banking sector.
UBA Exceeds CBN Capital Requirement with N157.84bn Rights Issue
United Bank for Africa (UBA) has successfully raised N157.84 billion through a rights issue, exceeding the Central Bank of Nigeria's N500 billion minimum capital requirement. The offer was oversubscribed by 113%, demonstrating strong investor confidence.
UBA Beats CBN's N500bn Capital Target Early
United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details
FirstBank Meets CBN Capital Requirement Ahead of 2026 Deadline
First Bank of Nigeria has successfully raised its capital base to meet the Central Bank's N500 billion requirement. The funds will drive support for the real sector and enhance digital innovation. Read more.
RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
FirstBank Meets CBN's N500bn Capital Requirement Ahead of Deadline
FirstBank has successfully met the CBN's N500 billion capital requirement ahead of schedule. The move strengthens its financial base for sector support and expansion. Read more.
Fidelity Bank Crosses N500bn Capital Threshold
Fidelity Bank Plc has successfully raised over N250bn in a single day, meeting the CBN's N500bn capital requirement. The move cements its position among Nigeria's top-tier lenders ahead of the March 2026 deadline.
CBN Announces New Cash Withdrawal, Deposit Rules for 2026
The Central Bank of Nigeria has revised its cash withdrawal and deposit policies, effective January 1, 2026. Learn the 5 major changes, including new limits and fees.
CAC: Unregistered POS Terminals Face Seizure from 2026
CAC orders all PoS operators to register by Jan 1, 2026, or face seizure. Fintechs enabling illegal transactions will be watchlisted. Full compliance is mandatory.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
NDIC Reiterates N5m Deposit Insurance Cover
NDIC MD reassures depositors of N5m insurance cover, details collaboration with CBN for supervision, and warns against Ponzi schemes. Read key insights from Kano Trade Fair.
CBN's New 72-Hour Rule for Reporting Fraudulent Transfers
The Central Bank of Nigeria's new draft guidelines mandate a 72-hour window for reporting suspicious transfers to qualify for refunds. Learn what this means for your digital banking security.
NDIC Assures Deposit Safety, Warns Against Fraudsters
NDIC MD reassures Nigerians of deposit safety with up to ₦5m insurance. He warns against Ponzi schemes and details collaboration with CBN for banking stability. Visit their Trade Fair pavilion for more.
CBN Sets New Cash Withdrawal Limits Effective 2026
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
AMCON Repays N3.6trn to CBN, Pursues 3,000 Court Cases
Nigeria's AMCON has repaid N3.6 trillion to the CBN from debt recovery and asset sales since 2010. The corporation still owes N3 trillion and is engaged in over 3,000 lawsuits. Read the full report.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
AMCON pays N3.6tn to CBN, hits 87% recovery rate
Nigeria's AMCON has repaid N3.6 trillion to the CBN, achieving an 87% recovery rate. CEO Gbenga Alade reveals plans to trace global assets of debtors. Read the full report.
CBN Enforces New Cash Withdrawal Limits & Fees
The Central Bank of Nigeria has announced new weekly cash withdrawal limits of N500,000 for individuals and N5m for corporates, with excess fees starting January 1, 2026. Read the full details.
CBN Removes Cash Deposit Limits, Raises Withdrawal Cap
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
CBN Sets 72-Hour Deadline for Banks to Refund Fraud
The Central Bank of Nigeria issues strict new rules forcing banks to refund fraud victims within 16 days. Learn how this impacts you and the fight against financial crime.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
CBN Prioritises Digital Payments, Financial Inclusion for 2026
CBN Governor Olayemi Cardoso outlines 2026 agenda focusing on payment system upgrades, digital finance expansion, and deeper financial inclusion for all Nigerians. Read the full plan.
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