The naira appreciated by 0.07% against the dollar at the official market, closing at N1,331.61/$ as FX supply improved and interbank turnover fell 59% to $201.56 million, narrowing the parallel market gap to 2.88%.
UBA secured a Federal High Court ruling in its N156.03 billion debt recovery suit against Stallion Group, with all reliefs granted and the receiver upheld.
Lagos State orders telecom firms and VAS providers to verify gaming licences within 30 days and submit transaction records for tax assessment, citing a Supreme Court judgment.
Ecobank Nigeria will cut SuperSavers interest rates from October 16, 2026, following the CBN's MPR review. Rates drop by up to 3.18 percentage points across four deposit tiers.
CBN now requires banks to hold capital matching risk exposure, limits foreign subsidiary investments to 10% of shareholders' funds, and deploys AI tools for supervision.
Dangote Petroleum Refinery extends IPO application period by two weeks to October 27, 2026, targeting up to 10 million retail investors and $2.1 billion in proceeds.
JP Morgan plans merchant banking in Nigeria by end-2026, while Absa weighs a licence upgrade, as forex reserves hit $55bn.
JPMorgan plans a Nigerian merchant bank by end-2026, pending regulatory approval. The move deepens its decades-long presence, focusing on corporate finance, not retail banking.
J.P. Morgan plans to establish a merchant bank in Nigeria, with operations targeted to begin before end-2026, subject to regulatory approval, announced at a Singapore dialogue.
The naira appreciated by 82 kobo to N1,330.87 per dollar at NAFEM on October 6, 2026, while forex turnover jumped 334.8% to $313.545 million, with external reserves near $55 billion.
CBN published September lending rates for Nigerian banks. Stanbic IBTC hit 60% maximum rate; Tatum Bank led prime at 37.07%. Rates follow MPC cut to 23%.
Nigeria's BVN enrolments surpassed 70 million, reaching 70.35 million as of September 28, 2026, according to NIBSS data. New CBN rules tighten enrolment, phone changes, and verification.
Naira appreciates 0.06% to N1,330.47/$ in official market; parallel rate drops to N1,375, narrowing gap to about N45 amid 226% surge in interbank FX turnover.
The naira depreciated by N1.81 against the dollar at NAFEM on September 28, closing at N1,331.32/$, as interbank FX turnover fell 77.7% to $24.73 million, according to market data.
The Central Bank of Nigeria has launched an investigation into banks accused of restricting customer withdrawals from domiciliary accounts, following complaints from customers in Lagos and beyond.
Five Nigerian lenders reported combined assets of ₦20.47 trillion and profit after tax of ₦338.4 billion in H1 2026. FCMB and Wema dominate profits.
Access Bank warns Nigerians against fake promotions and phishing scams. Customers can block compromised accounts by dialling 901911# or chatting with Tamada on the Access More app. Never share OTP, PIN, CVV, or card details.
The CBN published official exchange rates for September 24, 2026, with the dollar selling at N1,328.67. The pound and euro held above N1,500, while reserves hit $55 billion.
Analysts criticise The Gambia's plan to replace foreign bank workers, including Nigerians, warning of cost increases, disruptions, and skilled labour shortages.
The Central Bank of The Gambia has directed commercial banks, including Nigerian-owned lenders, to phase out non-Gambian employees outside approved expatriate quotas by December, citing labour law violations.
Naira depreciated to N1,328.50 per dollar at the official market despite CBN rate cut, while external reserves rose to $54.808 billion and Brent crude climbed above $102.
Sterling Bank refunded N50 stamp duty to customer Abdulrauf Adedeji Kazeem within a day of a legal letter from Festus Ogun, citing banker/customer contract terms.
Naira strengthens as British pound falls below ₦1,800, trading around ₦1,786, amid improved FX liquidity and sterling's weakness on international markets.
UBA offers customers up to N30 million personal loans to invest in the Dangote Refinery IPO priced at N525 per share, with minimum 10 shares per transaction.
FCMB's top director earned N447.9 million in 2025, the highest among Nigerian banks. Zenith's pay surged 110.9%, while Access and First HoldCo saw pay outpace profit growth.
Bankit Microfinance Bank has transitioned to WayvePay, unveiling a new digital banking and payments platform for Nigerians, effective September 18, 2026.
Nigerian fintech FinStore now offers SMEs loans up to N100 million. Co-founder Ayomide Olupitan says the platform is free, supports monthly credit of N1 million, and plans African expansion.
The naira appreciated to N1,328.22 per dollar at the official market on Thursday after the CBN sold $151 million, while interbank FX turnover surged 69.82%.
Canada confirms CAD $7 (N6,710.74) eTA fee for visa-exempt foreigners. Application online, valid 5 years, multiple trips. US citizens exempt.
Digital lenders in Nigeria now enforce stricter borrower checks under new FCCPC regulations effective July 2025, limiting instant credit for high-risk applicants and imposing fines up to N100 million.