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CBN Withdraws Licenses of Two Mortgage Banks

The Central Bank of Nigeria has revoked the operating licenses of Aso Savings and Union Homes for regulatory breaches. Discover the full story and what it means for Nigeria's financial sector.

CBN Revokes Aso Savings, Union Homes Licences

The Central Bank of Nigeria has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for failing to meet capital requirements. Learn the full details and implications for Nigeria's mortgage sector.

CIBN Launches Ethics Summit on International Day of Banks

The CIBN has announced a new Annual Ethics and Professionalism Summit, aligning with the UN's International Day of Banks on December 4th. Discover how this initiative aims to strengthen trust and sustainable finance in Nigeria's banking sector.

CIBN marks 2025 International Day of Banks

The Chartered Institute of Bankers of Nigeria commemorates the UN day, highlighting banks' role in sustainable development and cybersecurity amid rising digital threats. Read more.

16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline

CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.

Top 10 Nigerian Banks by Mobile App Downloads

Access Bank, First Bank, and UBA lead with over 10 million downloads each. Discover the full ranking of Nigeria's most downloaded banking apps and their ratings. #DigitalBanking #Fintech

CBN Orders Banks To Withdraw Misleading Adverts

The Central Bank of Nigeria has ordered all banks to withdraw misleading advertisements. New rules require pre-approval notifications and compliance attestations to protect consumers.

16 Banks Meet CBN Recapitalisation Target

CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.

Reps Launch Probe Into Power Sector Failures

The House of Representatives vows to fix Nigeria's electricity crisis, launching a major investigation into 17 years of sector failures and proposing a new bill to combat energy theft.

Nigeria to earn $1bn from electricity exports

Nigeria plans to generate N1.49 trillion annually by exporting 600MW of electricity to 15 West African countries following successful grid synchronization tests. Full details on this energy breakthrough.

Banks Notify Customers on 10% Withholding Tax

Nigerian banks are informing customers about FIRS enforcing 10% withholding tax on fixed-income securities interest. Learn how this affects your investments and which instruments remain exempt.

Reps Probe 17 Years of Power Sector Investments

Nigerian House of Representatives launches a full-scale investigation into all power sector investments and reforms from 2007 to 2024, vowing to correct 17 years of failure.

Zenith Bank to Acquire Paramount Bank in Kenya

Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.

Oborevwori blames BEDC for Delta power outage

Delta State Governor accuses BEDC of deliberately plunging communities into darkness despite adequate power supply from Transcorp Power. Read the full story and its impact.

Nigerian banks post N14.7tn interest income

Nine major Nigerian banks reported a combined N14.72 trillion in interest income for the first nine months of 2025, a 27.68% increase driven by high interest rates. Discover which banks led the growth.

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