Otedola Acquires N14.8bn First HoldCo Shares, Stake Hits 18%
Billionaire Femi Otedola consolidates control of First HoldCo, buying N14.8bn shares to raise his ownership stake above 18%. Discover the details of this strategic move.
Category : Search result: SME bank Nigeria
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.
SMEDAN Seeks CBN License for New Microfinance Bank
SMEDAN applies to CBN to launch a microfinance bank for direct SME funding. Agency also targets formalising one million businesses and unveiling a new MSME policy in 2026.
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.
Customs Imposes 3% Penalty on Banks for Late Duty Remittances
The Nigeria Customs Service announces a 3% penalty for banks delaying stamp duty remittances. Defaulters risk public exposure and deactivation from the B'odogwu platform. Read the full details.
World Bank Endorses NG-CARES, NSA Tips Governors
World Bank commends Tinubu's NG-CARES programme for economic resilience. NSA warns governors on festive season security. NGF commits to health, safety goals. Read more.
World Bank Boosts Funding for Nigeria's Skills Project
The World Bank has approved additional financing for Nigeria's SPESSE project, citing its 'satisfactory' performance in bridging critical skills gaps in procurement and environmental standards. Over 85,000 Nigerians have been trained.
Parallex Bank Leads Nigeria's Digital Banking Renaissance
Dr. Olufemi Bakre, MD/CEO of Parallex Bank, outlines the bank's pivotal role in shaping Africa's digital banking future. Discover his leadership philosophy and the bank's growth trajectory.
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.
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.
Platnova Makes Nigeria's Top 100 Fastest-Growing SMEs
Platnova earns a spot in Nigeria's Top 100 Fastest Growing SMEs at the SME 100 AWARDS 2025. Discover how their cross-border financial services drive economic growth and inclusion.
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.
$50m Credit Boost for Northern Nigeria MSMEs
British International Investment and FCMB partner to provide a $50 million credit facility, with 70% targeting MSMEs in Northern Nigeria and 30% for women-owned businesses nationwide. Read more.
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.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
BoI disburses ₦1.27tr to enterprises, supports 900,000 jobs
The Bank of Industry disbursed over ₦1.27 trillion across 14 sectors in 2024, supporting 900,000 jobs. The bank is expanding green finance and renewable energy investments to drive Nigeria's industrial transformation.
Nigerian Banks Hit N33.24 Trillion in Customer Deposits
Ten Nigerian banks recorded over N33.24 trillion in savings deposits by September 2025, a 6.8% annual increase. See which Tier-2 banks led the growth and the latest CBN savings rates.
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