Nigerian Banks Secure Licences Under New CBN Capital Rules
Discover which Nigerian banks have secured international and national licences under the CBN's new capital requirements. Stay informed on the banking sector's transformation.
Category : Search result: banking sector 2026
Prudential Zenith Life Celebrates Sales Excellence, Charts 2026 Outlook
Prudential Zenith Life Insurance celebrated its top sales performers at a gala night themed 'Driven'. The event on January 9, 2026, recognised Emerald, Diamond, and MDRT achievers, awarding them international trips. MD Funmi Omo highlighted the company's
23 Nigerian Banks Successfully Recapitalise Ahead of CBN Deadline
Major Nigerian banks like FirstBank, UBA, and Access Bank have successfully met the CBN's N500bn capital requirement. See how this strengthens Nigeria's financial system and supports economic growth.
Providus Bank 2026 Graduate Trainee Programme: Apply Now
Providus Bank has launched its 2026 Graduate Trainee Sales Programme for young Nigerian graduates. Applications are open until January 18, 2026. No prior experience required.
Over 20 Nigerian Banks Now Meet CBN Recapitalisation Target
More than 20 Nigerian banks, including Sterling Bank, FirstBank, and UBA, have successfully met the Central Bank's new capital requirements. Discover the impact on sector resilience and the economy.
NESG Projects Naira at N1,480 to Dollar by 2026
The Nigerian Economic Summit Group forecasts the naira will stabilise around N1,480 per US dollar in 2026, driven by rising reserves and policy coordination. Discover the full economic outlook.
New 7.5% VAT on Mobile, USSD Bank Fees Starts Jan 19
Financial expert explains new 7.5% VAT on mobile & USSD bank fees from January 19, 2026. Learn how it impacts your transfers alongside N50 stamp duty.
New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
21 Banks Meet CBN Capital Target, Secure ₦5.142 Trillion
Nigeria's banking sector shows strength as 21 banks exceed CBN's recapitalisation requirements ahead of the March 2026 deadline, securing over ₦5 trillion. Discover the leaders and the impact.
Nigerian Bank Plans 500 New Branches for Ethical Finance
The Alternative Bank (AltBank) unveils an ambitious plan to expand to 500 branches nationwide by 2026, targeting financial inclusion and ethical, non-interest banking services for all Nigerians.
Three Nigerian Banks Set for Merger as CBN Deadline Nears
Nigeria's banking sector faces consolidation as three mergers are expected before the March 2026 recapitalisation deadline. Tier-2 banks scramble for survival amid fintech disruption and regulatory pressure. Read the full analysis.
EFCC's N3.2bn Food, Cleaning Budget Sparks Outcry
EFCC's 2026 budget allocates over N3.2bn for meals, cleaning & fuel. Analysts warn of wasteful recurrent spending & weak budget impact. Details inside.
Standard Chartered 2026 Paid Internship for Nigerians
Standard Chartered Bank launches its 2026 Internship Programme for Nigerian students and graduates. Gain paid, hands-on global banking experience and a pathway to a finance career. Apply now!
22 Banks Secure Licences as CBN Recapitalisation Nears
With weeks to the March 31, 2026 deadline, 22 of Nigeria's 34 banks have met the CBN's new capital requirements. Discover which banks are safe and how mergers are reshaping the industry for stability and growth.
Fidelity Bank Meets CBN's N500bn Capital Requirement
Fidelity Bank Plc has successfully raised its capital base to N564.5bn, crossing the CBN's N500bn threshold for international banks. Discover how the recapitalisation race is reshaping Nigeria's banking sector with the March 2026 deadline looming.
Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
NMA Slams N2.1tr Health Budget as Inadequate
Nigeria's 2026 health sector allocation of N2.1 trillion is condemned by the NMA as grossly inadequate, falling far below the 15% Abuja Declaration target. Read the full analysis.
22 Banks Secure as 2026 Recapitalization Deadline Nears
As the March 31, 2026 deadline looms, 22 of 34 Nigerian banks have secured their licenses under new CBN capital rules. Find out which banks are safe and what mergers are reshaping the sector.
Banks Face Pressure as CBN Closes Easy-Money Window
Nigeria's banking sector braces for tough days as the CBN's termination of pandemic-era loan relief exposes hidden losses, pushing NPLs above the regulatory limit. Discover the sectors most at risk.
Your Guide to Lagos Events & Relaxation This Weekend
Plan your second weekend of 2026 in Lagos with AFRIMA awards, serene getaways, outdoor spots, and key global events calendar. Discover where to go and what to see.
12 Nigerian banks yet to meet CBN recapitalisation deadline
With the March 31 deadline looming, at least 12 Nigerian banks are struggling to meet the CBN's new capital requirements. Discover the full list and potential outcomes for the banking sector.
UBA Exceeds CBN Capital Requirement with N157.84bn Rights Issue
United Bank for Africa (UBA) has successfully raised N157.84 billion through a rights issue, exceeding the Central Bank of Nigeria's N500 billion minimum capital requirement. The offer was oversubscribed by 113%, demonstrating strong investor confidence.
19 Banks Meet CBN Recapitalisation Target Ahead of Deadline
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.
Fidelity Bank Crosses N500bn Capital Threshold
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.
CBN Lists 28 Banks Not Allowed to Operate Abroad
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.
GTBank, Zenith Lead N16.14 Trillion Bank Recapitalisation Drive
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.
Sahara Power Chief Outlines 2026 Outlook for Nigeria's Electricity
Kola Adesina forecasts major growth for Nigeria's power sector in 2026, driven by government reforms, tech innovation, and multi-stakeholder collaboration. Read the full analysis.
ACCI Projects 2026 Growth Led by Non-Oil Sector
ACCI Director General Agabaidu Jideani forecasts Nigeria's 2026 economic growth will be driven by the non-oil sector, citing reforms and security challenges. Read the full analysis.
Tax Reform Resistance Rooted in Past Failures, Says CPPE
Dr Muda Yusuf of CPPE explains why Nigeria's new 2026 tax reform faces public backlash, citing failed past reforms, declining welfare, and weak social contract. Learn the path to sustainable implementation.
Primate Ayodele's 2026 Prophecies for Nigeria, World
Primate Elijah Ayodele releases prophetic revelations for 2026, warning of health challenges, political drama, and advising President Tinubu on tax reforms. Read the full details.
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