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FCMB Meets CBN Capital Rules Ahead of 2026 Deadline

FCMB Group Plc has successfully met the Central Bank of Nigeria's new capital requirements, securing its national banking licence. Discover which 20 banks are now compliant ahead of the March 2026 deadline.

20 Nigerian Banks Meet CBN's New Capital Rules

The Central Bank of Nigeria confirms 20 commercial banks have successfully met the new recapitalisation requirements. Discover the full list and what it means for Nigeria's trillion-dollar economy goal.

Nigerian loses Upwork job over power, installs solar

A Nigerian remote worker lost a lucrative Upwork job paying $10/hour after a week-long power outage. She has now installed a solar power system to secure future opportunities. Read her story and reactions.

23 Banks Meet CBN Capital Target, 3 to Merge

Nigeria's banking sector consolidates as 23 banks meet new CBN capital requirements. Access, Zenith lead. Three banks set to merge ahead of March 2026 deadline. Full details inside.

Experts Back Bank Recapitalisation, Urge Caution

Financial experts endorse the CBN's bank recapitalisation drive as crucial for economic stability but caution that poor regulation and macroeconomic woes could undermine its success. Learn the key insights.

Nigerian Banks Eye Fresh Lending Growth in 2026

Nigeria's banking sector is set for a lending rebound in 2026 as inflation and FX pressures ease. Economists forecast 10-15% private sector credit growth. Read the full analysis.

Power generation shrinks by 62% in December 2025

Nigeria's power plants operated at just 38% capacity in December 2025, highlighting deep structural issues. Read the full NERC report analysis and what it means for the service-based tariff.

Three Nigerian Banks Set for Merger as CBN Deadline Nears

Nigeria's banking sector faces consolidation as three mergers are expected before the March 2026 recapitalisation deadline. Tier-2 banks scramble for survival amid fintech disruption and regulatory pressure. Read the full analysis.

22 Banks Secure Licences as CBN Recapitalisation Nears

With weeks to the March 31, 2026 deadline, 22 of Nigeria's 34 banks have met the CBN's new capital requirements. Discover which banks are safe and how mergers are reshaping the industry for stability and growth.

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.

Banks Face Pressure as CBN Closes Easy-Money Window

Nigeria's banking sector braces for tough days as the CBN's termination of pandemic-era loan relief exposes hidden losses, pushing NPLs above the regulatory limit. Discover the sectors most at risk.

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

itel Unveils Cloud Dancer Tech Range in Nigeria

itel partners with Pantone to launch a limited-edition tech collection in Nigeria, featuring the 2026 Colour of the Year, Cloud Dancer. Discover stylish, functional accessories for young Nigerians.

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.

Banks Alert Customers on New N50 Stamp Duty Rule

GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.

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.

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