CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.
Category : Search result: banking sector recapitalisation
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.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.
CBN to ban serial bounced cheque issuers for 5 years
CBN proposes 5-year ban for serial dud cheque offenders to restore confidence in Nigeria's payment system. Stakeholders have 3 weeks for feedback.
CBN Proposes 5-Year Ban for Dud Cheque Offenders
Nigeria's Central Bank plans five-year banking restrictions for customers issuing bounced cheques three times. Banks face heavy fines for non-compliance. Read details.
PalmPay USSD Codes Guide: Transfer & Balance Check
Learn all PalmPay USSD codes for account opening, balance checking, money transfers and bill payments without internet. Complete 2024 guide for Nigerian users.
Union Bank Save & Gain: Win ₦5 Million & Cash Prizes
Union Bank's new Save & Gain campaign rewards customers with cash prizes up to ₦5 million for maintaining accounts and using digital channels. Learn how to participate.
GrabrFi Offers US Bank Accounts to Nigerian Freelancers
Nigerian freelancers and professionals can now open US bank accounts with GrabrFi to receive USD payments without fees, avoid currency devaluation, and access global financial tools for their borderless careers.
POS Agent Mistakenly Debits N257k Instead of N25,700
A Nigerian man received N257,000 debit alert instead of N25,700 from POS operator. Discover the unexpected reaction and why this story went viral. Watch the video now!
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.
CBN Warns Against Illegal Zuldal Microfinance Bank
Central Bank of Nigeria exposes Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kano, and Kaduna. Verify financial institutions on CBN website before banking.
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.
AIHN Honors Resilient Nigerian Companies Amid Challenges
Association of Issuing Houses of Nigeria recognizes companies thriving despite economic headwinds. See award winners and market outlook for 2025.
Opay USSD Codes Guide: All Banking Services via *955#
Learn how to use Opay USSD code *955# for banking without internet. Complete guide for transfers, balance checks, data purchase and account activation in Nigeria.
Investor Rush as Insurance Reforms Reshape Market
Nigeria's insurance industry is undergoing a major reset as the NIIRA recapitalisation drive sparks intense investor interest and M&A activity. Discover how this will boost market resilience.
CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
Naira Visa Cards Boost Cross-Border Spending Confidence
Nigerians can now spend globally with confidence using Naira Visa cards. Secure transactions, fraud protection, and seamless payments for education, business, and travel needs.
Islamic Banks in Nigeria Increase to Five with New Entry
Summit Bank Limited begins operations as Nigeria's fifth Islamic bank, expanding Sharia-compliant financial services accessible to all Nigerians regardless of religion.
Wema Bank Holds Walk-In Interviews for Job Seekers
Wema Bank invites job seekers for nationwide walk-in interviews from Nov 17-21, 2025. Positions available for Commercial Relationship Management Officers. Bring your CV and credentials.
Lady Mistakenly Sends N150k to Suya Seller, Gets Refund
A Nigerian woman accidentally transferred N150,000 to her suya vendor instead of her Piggyvest account. The honest seller promptly refunded the money, sparking positive reactions online.
Tokunbo Abiru's Journey to Senate
Discover how Mukhail Tokunbo Abiru transitioned from a distinguished banking career to becoming the Senator representing Lagos East. Learn about his 'Doing Good' initiatives and political impact.
Nigerian Bank to Close Accounts Under N7.5M Balance
Standard Chartered Bank Nigeria will close customer accounts with less than N7.5 million in February 2026. Learn about the new requirements and branch closures affecting personal banking customers.
Standard Chartered Nigeria Closing Branches from 2026
Standard Chartered Bank Nigeria announces branch closures starting January 2026 as part of digital transformation strategy. Bank confirms meeting CBN's N200bn capital requirement early.
Banks Warn Customers About New Fraud Methods
Ecobank, First Bank, and Wema Bank alert customers about sophisticated scams using fake apps and pop-ups to steal banking details. Learn how to protect your accounts.
Emergency USSD Codes: Block Bank Account If Phone Stolen
Critical security guide: Learn the emergency USSD codes to instantly block your UBA and Zenith Bank accounts when your phone is stolen. Protect your funds immediately with these simple steps.
Nigerian Bank Launches Advanced Device Security System
A leading Nigerian digital bank has unveiled a groundbreaking device verification system that promises to revolutionize customer security and protect against unauthorized account access in the growing fintech landscape.
First Bank Holdings Posts N450.9B Profit
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
IVM Boss: Banking Bottlenecks Hurt Nigerian Manufacturers
IVM's Managing Director Mitchell Elegbe advocates for strengthened local content policy while highlighting banking sector challenges crippling Nigerian manufacturers' competitiveness.
FG to Sell Nigeria's Dormant Refineries After Years of Losses
The Federal Government announces historic decision to sell Nigeria's dormant refineries, marking a major shift in the nation's energy sector after decades of operational failures and financial losses.
Stanbic IBTC Announces Major Leadership Appointments
Stanbic IBTC Holdings PLC has unveiled significant leadership changes with the appointment of new executives across key business units, reinforcing the company's commitment to innovation and market leadership in Nigeria's financial sector.
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