United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details
First Bank of Nigeria has successfully raised its capital base to meet the Central Bank's N500 billion requirement. The funds will drive support for the real sector and enhance digital innovation. Read more.
Nineteen Nigerian banks have met the CBN's new capital requirements, with Fidelity Bank raising N250bn. Analysts expect more compliance before the March 31, 2026 deadline. Read the full list and analysis.
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
A Nigerian Opay user sparked online excitement after noticing a new N9,999 transfer option in the app. See the viral reactions and what it means for digital banking in Nigeria.
FirstBank has successfully met the CBN's N500 billion capital requirement ahead of schedule. The move strengthens its financial base for sector support and expansion. Read more.
Fidelity Bank Plc has successfully raised over N250bn in a single day, meeting the CBN's N500bn capital requirement. The move cements its position among Nigeria's top-tier lenders ahead of the March 2026 deadline.
Flutterwave has acquired open banking pioneer Mono. The deal aims to build a connected financial system for Africa, enhancing payments, data access, and security. Discover the future of fintech.
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.
Union Bank of Nigeria has disabled all Titan Trust Bank social media accounts. Customers are now directed to follow Union Bank's official platforms for updates and services.
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.
Nigeria's insurance sector sees a surge in investor interest driven by NAICOM's reforms and the 2026 recapitalisation deadline. Commissioner Segun Omosehin outlines the push for stronger, credible insurers. Read the full analysis.
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.
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.
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.
Billionaire Femi Otedola commends President Tinubu's economic reforms and CBN's Cardoso, disclosing First Bank has met the N500bn capital requirement. He urges raising the bar to N1 trillion.
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.
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.
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
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.
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 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.
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.
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.
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.
Access Holdings plans a N40bn private placement in foreign currency to meet CBN's recapitalisation rules and fund expansion. The move comes as the March deadline nears.
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.
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.
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.