NDIC Now Empowered to Prosecute Bank Collapse Culprits
NDIC reveals new laws empower prosecution of those responsible for bank failures. Heritage Bank depositors receive first liquidation dividends. Read how legal reforms tighten accountability.
Category : Banking
National Payment Stack Launches in Nigeria
Nigeria's payment system enters new era as National Payment Stack completes first transaction in milliseconds. Wema Bank and PalmPay make history with instant transfer.
CBN Releases Highest Savings Interest Rates for Banks
Central Bank of Nigeria discloses updated savings deposit rates showing banks now pay average 8.25% interest. Discover which banks offer the highest returns on your savings.
NDIC empowered to prosecute bank failure culprits
NDIC CEO announces enhanced legal powers under NDIC Act 2023 to prosecute those responsible for bank failures. New framework speeds up liquidation processes.
Nigerian Banks Paid ₦644bn Staff Salaries in 2025
Access Bank, Zenith, UBA, GTCO, and Stanbic IBTC spent ₦644.01 billion on personnel expenses in 2025, marking a 30.58% increase from previous year as competition for talent intensifies.
LivingTrust Named Mortgage Bank of the Year 2025
LivingTrust Mortgage Bank Plc secures 'Mortgage Bank of the Year 2025' award at Africa Fast Growth Brands event. The recognition highlights their exceptional performance in Nigeria's housing finance sector. Discover how they achieved this milestone!
Soludo Removed Arabic Texts from Naira Notes - Fact
Fact check confirms Governor Charles Soludo removed Arabic inscriptions from naira notes as CBN Governor in 2007. Details emerge as Anambra votes.
NDIC, BRIPAN Strengthen Insolvency Reform Partnership
NDIC and BRIPAN strengthen collaboration to enforce insolvency laws and boost financial stability. Learn how this partnership will modernize business rescue in Nigeria.
Woman Finds Money in Unopened OPay Account
A Nigerian businesswoman shares her surprise after receiving money through OPay to a phone number without an existing account. Discover how fintech innovations are changing banking in Nigeria.
Summit Bank Begins Operations as Non-Interest Bank
Summit Bank Ltd has officially commenced operations as Nigeria's sixth non-interest bank, fully licensed by CBN. Discover how this ethical banking model works.
Emergency USSD Codes: Block Bank Account If Phone Stolen
Critical security guide: Learn the emergency USSD codes to instantly block your UBA and Zenith Bank accounts when your phone is stolen. Protect your funds immediately with these simple steps.
Court freezes Indian businessman's assets over ₦9.5B debt
Federal High Court in Lagos issues restraining order against multiple banks from dealing with Indian businessman and his companies amid massive debt dispute with Nigerian firm.
First Bank Holdings Posts N450.9B Profit
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
AFREXIMBANK Boosts Trade Finance for African Growth
African Export-Import Bank pushes for stronger trade finance mechanisms to unlock sustainable development and prosperity for all African nations.
FirstBank Plants 50,000 Trees in 3 Years
Nigeria's premier financial institution, FirstBank, celebrates a major environmental milestone with 50,000 trees planted nationwide over three years through its 'Each One, Plant One' initiative.
Standard Chartered Meets CBN ₦200bn Recapitalisation
Standard Chartered Bank Nigeria has successfully met the Central Bank of Nigeria's ₦200 billion recapitalisation requirement, positioning itself as a leader in the new banking landscape.
CBN Policy Updates: Essential Guide for Nigerian Forex Traders
Discover why Nigerian forex traders are closely monitoring CBN policy updates and how these decisions directly impact currency volatility, trading strategies, and profit opportunities in the volatile Naira market.
POS Terminals Fuel Nigeria's Cashless Economy Boom
Discover how POS terminals are reshaping Nigeria's financial landscape, creating jobs and bringing banking services to millions previously excluded from the formal system.
Islamic Finance: Africa's Untapped Goldmine for Growth
Nigerian leaders join global experts in advocating for Islamic finance as catalyst for Africa's economic transformation and poverty reduction.
Standard Chartered Meets CBN's ₦200B Capital Requirement
Standard Chartered Bank Nigeria has successfully met the Central Bank's new ₦200 billion minimum capital requirement, positioning itself as a leader in Nigeria's banking sector transformation.
Top 10 Nigerian Banks With Highest Entry-Level Salaries
Discover which Nigerian banks offer the most competitive starting packages for fresh graduates. Our comprehensive analysis reveals salary structures and career prospects.
Sterling HoldCo Profit Soars 127% in Stunning Growth
Sterling Financial Holdings Company reports explosive 127% profit growth, reaching ₦21.8 billion as assets surpass ₦2.1 trillion in latest financial results.
Forex Broker Comparison Guide for Nigerian Traders 2024
Master forex trading in Nigeria with our comprehensive broker comparison. Learn how to analyze fees, spreads, and trading services to maximize your profits in the Nigerian market.
Ecobank Leads Nigeria's Top Banks in Customer Deposits
New data reveals Nigeria's top 10 banks by customer deposits, with Ecobank leading the pack. Discover which financial institutions Nigerians trust most with their money and the staggering amounts involved.
Nigerian Banks Lose Billions to Fraud in 2025
New data reveals alarming fraud cases across Nigerian banks with millions disappearing through digital channels. Discover the banks most vulnerable to financial crimes and what this means for customers.
Nigeria's FATF Delisting: Economic Implications
Expert analysis reveals the significant implications of Nigeria's removal from FATF grey list and the crucial next steps for maintaining financial integrity.
Lapo MFB Drives Climate Resilience & Sustainable Finance
Lapo Microfinance Bank takes center stage in driving crucial conversations about climate resilience and sustainable financial practices across Nigeria's economic landscape.
ICAN UK Chapter Now Has Over 550 Registered Members
The Institute of Chartered Accountants of Nigeria UK chapter reveals impressive membership growth with over 550 professionals now registered in their updated database, strengthening Nigerian accounting presence globally.
APPNL Gets Dual Credit Rating Upgrades
Africa Prudential PLC receives simultaneous rating upgrades from two leading agencies, signaling strong financial health and enhanced market confidence in Nigeria's business services sector.
Naira Surges: GTBank, UBA Cut Dollar Rates
Nigeria's currency surges against USD, reaching strongest level in months as major commercial banks reduce rates following EFEMs platform introduction.
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