Bank Transfer Costs to Rise in Nigeria from 2026
Starting January 2026, Nigerians will pay higher charges for online transfers as the government reintroduces stamp duty. Find out how this policy shift will impact your wallet.
Category : Search result: Federal Mortgage Bank of Nigeria
Court forfeits N5.2bn lands for Jonathan estate to FG
A Federal High Court in Abuja has permanently forfeited two high-value plots of land meant for the Goodluck Jonathan Legacy Model Housing Estate to the Federal Government. The ICPC secured the order to ensure the project benefits end-users.
Experts Urge Sweeping Mortgage Reforms in Nigeria
Financial regulators and housing experts warn Nigeria's economic growth is limited without affordable housing finance. Learn about the N250bn MRIF fund and new strategies.
No Bank Shutdowns from CBN Recapitalisation - ACAMB
The Association of Corporate Communication & Marketing Professionals in Banks dismisses viral claims of 12 banks shutting down. ACAMB assures the public the recapitalisation is proceeding smoothly to strengthen the financial system.
Wema Bank Hackaholics 6.0 Awards N120m to Tech Talents
Wema Bank's Hackaholics 6.0 has empowered young Nigerian innovators, awarding N120 million in cash prizes. Discover the winners and the bank's commitment to STEM and youth development.
World Bank Approves $500m for Nigerian MSMEs
The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.
Supreme Court rules for Fidelity Bank in N30bn debt suit
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
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.
Russian court fines Austrian bank Raiffeisen $400m
A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.
Federal Government Reopens 47 Unity Schools
The Federal Government has reopened the 47 Unity Colleges shut in November over insecurity. The Ministry of Education assures safety measures are in place. Read more.
Union Bank Unveils 'Endless Possibilities' Campaign
Union Bank of Nigeria launches its 'Endless Possibilities' campaign, celebrating Nigerian resilience and ambition. Discover how the 108-year-old bank supports growth.
Zenith Bank Wins Tech Trailblazer Award at Nexus 2025
Zenith Bank has been honoured with the Technology Trailblazer Award at the Qore Nexus 2025 event. The award recognises the bank's innovative use of next-generation tech to enhance digital banking in Nigeria. Discover how they are shaping the future of fin
Fidelity Bank to Restrict Accounts Without TIN/NIN in 2026
Fidelity Bank will restrict transactions for accounts not linked to a Tax ID or National Identity Number from January 1, 2026. Learn how to update your details to avoid service disruptions.
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.
CBN revokes licences of two mortgage banks
CBN revokes Aso Savings & Union Homes licences for regulatory breaches. NDIC starts insured deposit payments up to N2m. Learn how to claim your funds.
Jaiz Bank Becomes Africa's First IILM Primary Dealer
Jaiz Bank achieves a historic milestone by becoming the first African financial institution onboarded as a primary dealer by the International Islamic Liquidity Management Corporation (IILM).
FG Opens New Funding for Imo Small Business Owners
Vice President Kashim Shettima announces new BOI and DBN funding windows for Imo SMEs at the 2025 Economic Summit, aiming to boost production and job creation.
Lady Recovers N26k Sent to Wrong Opay Account
A Nigerian woman, Akinwade Maj Royal, mistakenly transferred N26,000 to a stranger's Opay account. After a desperate plea, the receiver, Bãbã ÆLī Mãllõwãñ, surprisingly refunded the money. Read the full story of this heartwarming act of honesty.
Abuja Half Marathon Gets Bronze Label, $8,000 Prize
The Premium Trust Bank Abuja City International Half Marathon earns a prestigious Bronze Label from World Athletics. Discover the juicy prize money for elite and Nigerian athletes ahead of Saturday's race.
Tinubu Makes Fresh Appointments to Key Federal Boards
President Bola Tinubu has approved new appointments to the boards of UBEC, the Bank of Agriculture, and the National Agricultural Development Fund (NADF). Get the full list of appointees and their geopolitical zones here.
Man Gets Birthday Surprise From Bank Staff in Nigeria
A Nigerian man received an unexpected birthday celebration from UBA staff while withdrawing money. Watch the viral video and see how the bankers' gesture shocked him.
Fast Ways to Block Your Union Bank Account
Learn the quickest methods to block your Union Bank account using USSD *826*6#, the UnionMobile app, or customer care. Protect your funds instantly during emergencies.
FCMB Named Nigeria's Best SME-Focused Bank for 2025
First City Monument Bank (FCMB) wins the 2025 Best SME Focused Bank award from CIBN, holding a dominant 24% of industry SME lending. Discover how they fuel Nigeria's top economic sectors.
CEO Calls for $25bn Aviation Fund to Bridge Finance Gap
Nneka Onyeali-Ikpe of Fidelity Bank urges the FG to create a special funding window from the CRR to tackle the $25bn aviation finance crisis. Discover the plan to save Nigeria's airlines.
Bank CEO Calls for $25bn Aviation Fund in Nigeria
Fidelity Bank CEO Nneka Onyeali-Ikpe urges the Federal Government to create specialised funding from the CRR to bridge Nigeria's $25 billion aviation finance gap and support fleet growth.
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.
FG, World Bank Commit to Social Protection Expansion
Nigeria and the World Bank pledge to deepen social safety nets and economic opportunities for the vulnerable. New NG-CARES phase to launch in January 2026. Read more.
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.
Food Bank Targets 40m Nigerians in Hunger Intervention
MATAN Food Bank launches an automated digital initiative to provide direct food access for over 40 million Nigerians, backed by the House of Representatives. Read how this plan tackles the nation's food crisis.
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