Nigerian Banks Secure Licences Under New CBN Capital Rules
Discover which Nigerian banks have secured international and national licences under the CBN's new capital requirements. Stay informed on the banking sector's transformation.
Category : Search result: international banking licence
Berlinale 2026 Special Features Genre Films & Series
The 2026 Berlin Film Festival's Berlinale Special section showcases 19 works from 15 countries, featuring genre films, series, and documentaries. Plus, Golden Globe winners and Nigeria's Arewa Film Festival details.
FG Warns Oil Firms, May Revoke Undeveloped Blocks
The Federal Government warns it may revoke licenses for undeveloped oil blocks. Minister Lokpobiri says licenses are not status symbols, and no refunds will be given. Read the latest on Nigeria's energy sector.
New 7.5% VAT on Mobile, USSD Bank Fees Starts Jan 19
Financial expert explains new 7.5% VAT on mobile & USSD bank fees from January 19, 2026. Learn how it impacts your transfers alongside N50 stamp duty.
Paystack Acquires Ladder MFB for Banking Licence
Paystack expands beyond payments by acquiring Ladder Microfinance Bank, securing a banking licence to offer deposits and loans. This strategic shift follows regulatory scrutiny and intensifies competition in Nigeria's fintech sector.
Amazon's Kuiper Gets Licence to Challenge Starlink in Nigeria
Amazon's Project Kuiper secures a 7-year NCC licence, setting the stage for a major satellite internet showdown with Elon Musk's Starlink in Nigeria. Discover how this competition will reshape broadband access.
Nigerian Bank Plans 500 New Branches for Ethical Finance
The Alternative Bank (AltBank) unveils an ambitious plan to expand to 500 branches nationwide by 2026, targeting financial inclusion and ethical, non-interest banking services for all Nigerians.
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.
Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
U.S. Arrest of Maduro Undermines International Law, Experts Warn
Nigerian scholars dissect the legal and geopolitical fallout of the U.S. military operation in Venezuela, warning Africa and the Global South of a dangerous precedent. Read the full analysis.
Airport Police Nab Suspect in N1bn Romance Fraud
A 20-year-old man was arrested at MMIA Lagos over a massive international romance and celebrity fraud scheme exceeding ₦1 billion. Read the full details of the police operation.
CBN Lists 28 Banks Not Allowed to Operate Abroad
The Central Bank of Nigeria has published a list of 28 banks restricted to domestic operations. Discover which institutions lack international licenses and the impact of the ongoing recapitalisation drive.
GTBank, Zenith Lead N16.14 Trillion Bank Recapitalisation Drive
Nigerian banks accelerate recapitalisation ahead of March 2026 CBN deadline. GTCO, Zenith, UBA lead as sector's market cap hits N16.14 trillion. Read the full analysis.
Onwughalu Appointed New Fidelity Bank Chairman
Fidelity Bank Plc appoints Amaka Onwughalu as Chairman, replacing Mustafa Chike-Obi. The transition follows a tenure marked by Eurobond repayment, international expansion, and strong growth. Discover the bank's new direction.
229 Bank Branches Closed as PoS Takes Over in Nigeria
Nigerian banks closed 229 physical branches in 2024 as digital banking booms. PoS transaction volume jumped 33%, while 1.8 million operators face a registration deadline. Discover the full story of Nigeria's banking transformation.
New Cash Withdrawal Limits & Fees for Nigerian Bank Customers
Nigerian banks like Access, UBA, GTB enforce new CBN cash withdrawal limits from Jan 1, 2026. Weekly limits set at N500k for individuals, N5m for corporates, with fees for excess. Details inside.
FirstBank Completes N500bn Capital Raise, Otedola Praises Reforms
FirstBank meets CBN's N500bn capital requirement. Billionaire investor Femi Otedola commends Tinubu and Cardoso's economic leadership, calls for raising bank capital to N1 trillion for a $1 trillion economy.
Man Cries Out as N100k Bank Transfer Becomes N63k
A Nigerian man raises alarm after transferring N100,000 to his Zenith Bank account, only to find a balance of N63,000. The incident sparks online reactions and tax deduction theories. Read full details.
CBN's 2025 Reforms Reshape Nigeria's BDC Operations
A detailed review of the Central Bank of Nigeria's pivotal 2025 reforms, from fee waivers and the FX Code to massive licence revocations, that transformed the Bureau de Change landscape for greater stability and transparency.
New N50 Stamp Duty on Bank Transfers Starts Jan 1
Nigerians will pay a new N50 government levy on electronic transfers above N10,000 from January 1, 2026. Learn how it works and its impact on your finances.
FirstBank CEO Explains Digital Innovation Drive
FirstBank CEO Olusegun Alebiosu unveils a 24/7 Digital Xperience Centre at UNIBEN, enhancing customer flexibility and financial inclusion without job losses. Discover the future of banking.
Banking Trust Relies on Cybersecurity & AI - Union Bank CITO
Union Bank's Wale Williams highlights AI-driven cybersecurity and regulatory compliance as pillars for sustaining customer trust in Nigeria's expanding digital banking sector.
Banks Shut Branches for Christmas, Urge Digital Banking Use
Nigerian banks and capital market firms will close physical branches for Christmas. Customers are advised to use mobile apps, USSD, and online platforms for uninterrupted services.
10 Mobile Banking Threats to Avoid in 2026
As 2026 approaches, Nigerian mobile banking users face 10 critical malware threats. Learn about AI phishing, fake apps, SIM-swap fraud, and how to protect your finances.
Banks to Close Early for Festive Holidays, Urge Digital Use
Nigerian banks will close branches early on Dec 24 & 31 and fully on Dec 25 & Jan 1. Customers advised to use ATMs, mobile apps, and USSD for transactions during the public holidays.
Nigerian in Japan: Why Nigeria Beats Japan in Some Areas
A Nigerian lady living in Japan shares surprising ways Nigeria outperforms Japan, from 24-hour ATMs to bigger apartments. Her viral TikTok video sparks debate.
16 Banks Meet CBN Capital Target Ahead of 2026 Deadline
With 100 days left, Nigeria's banking sector races to meet CBN's recapitalisation deadline. ACAMB dismisses closure rumours as 16 banks already meet requirements. Read the latest updates.
CBN Issues New Order to Banks on Foreign Card Use
The Central Bank of Nigeria directs Access, Zenith, UBA & others to improve foreign card acceptance, aiming to resolve transaction failures for tourists and returning Nigerians.
How Nigeria's Banking Giants Conquered CBN Recapitalisation
An in-depth review of Nigeria's banking recapitalisation exercise. Discover which 16 banks have met the CBN's new capital requirements and the impact on the financial sector. Read the full analysis now.
Ibom Air International Flights Start April 2026
Ibom Air is set to commence international operations from Victor Attah Airport, Uyo, in April 2026. The move follows key upgrades and marks a major milestone for Akwa Ibom State's aviation sector.
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