Supacash Launches Group Wallets for Shared Finances
Supacash unveils Group Wallets, a shared wallet system for friends, families, and groups to manage finances collaboratively, targeting Nigeria's growing fintech market.
Category : Banking
Skyewise Group Hires Nedu Wazobia as Brand Ambassador
Skyewise Group has announced popular OAP Nedu Wazobia as its brand ambassador to promote its financial services and expand its presence across Nigeria.
CBN Reviews Bank Alerts, Charges for Customer Relief
The Central Bank of Nigeria is working with commercial banks to review excessive transaction alerts and multiple debit notifications, aiming to improve customer complaint resolution and transparency.
Wema Bank shareholders approve N1.25 dividend for 2025
Wema Bank shareholders approved N1.25 dividend per share after 2025 earnings surged 125%. Gross earnings hit N660.59 billion, up 52.79%.
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Sterling assets cross N4tn as profit surges 89%
Sterling Financial Holdings reports record earnings, with profit before tax up 89.2% to N86.8bn in 2025, and total assets crossing N4 trillion in Q1 2026.
CIBN Inaugurates New Governing Council Members in Lagos
Taiwo Joda of Accion Microfinance Bank inaugurated as CIBN governing council member, highlighting microfinance inclusion and systemic risk.
PalmPay Empowers 2,000+ Women in Kano, Kaduna
PalmPay's financial inclusion initiative empowers over 2,000 women in Kano and Kaduna through digital banking, POS terminals, and financial literacy workshops.
Tatum Bank Board Seeks Lagos Partnership with Sanwo-Olu
Tatum Bank's board and management visited Lagos Governor Babajide Sanwo-Olu to forge a strategic partnership for economic growth and financial inclusion.
Natasha Mourns Kwadeco, Hails Healthcare Legacy
Senator Natasha Akpoti-Uduaghan mourns Salihu Suleiman Okatahi (Kwadeco), praising his contributions to healthcare and community development in Ebiraland.
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CBN Retains Interest Rate at 26.5%
The Monetary Policy Committee of the Central Bank of Nigeria kept the benchmark interest rate unchanged at 26.5% during its 305th meeting, maintaining all key monetary parameters.
Naira Falls Against Dollar, Gains on Pound and Euro
The naira weakened slightly against the US dollar in official and parallel markets but gained against the British pound and euro, as CBN data shows marginal shifts.
UN Envoy Orders Nigerian Mission to Open UBA Account
Nigeria's UN envoy Jimoh Ibrahim directs the Nigerian Mission in New York to open a UBA account within seven days, ending a 42-year absence of banking ties.
FCMB Empowers Nigerian Students with Financial Skills
FCMB, in partnership with CBN, teaches money management to secondary school students across Nigeria through the 'Smart Money Talks' initiative, promoting financial inclusion.
Remita: Essential Payment Infrastructure for Africa's Growth
Remita's payment infrastructure is crucial for Africa's digital transformation, enabling seamless transactions, government efficiency, and financial inclusion across the continent.
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Wema Bank Closes Children’s CEO Contest Entries May 20
Wema Bank announces final call for entries in its One-Day MD/CEO competition for children, with submissions closing May 20, 2026. Winner to lead bank on May 25.
Abdulsamad Rabiu Overtakes South African Billionaire
Nigerian billionaire Abdulsamad Rabiu surpasses Johann Rupert to become Africa's second richest man with $16.1 billion, behind Aliko Dangote's $32.3 billion.
Stanley Uzochukwu Completes Oxford, Harvard Executive Programmes
Stanley Uzochukwu, CEO of Stanel Group, completed executive programmes at Oxford and Harvard, strengthening his global leadership profile and expanding Nigeria's business landscape.
Zenith, UBA, GTCO, First Holdco Generate N570tn in 2025
Four major Nigerian banks processed N570.17 trillion in electronic transactions in 2025, led by Zenith Bank and UBA, amid fintech competition.
Nova Bank USSD Code *682#: Open Account and Transfer Money
Learn how to open a Nova Bank account and transfer money using the USSD code *682#. No internet needed, works on any phone. Step-by-step guide inside.
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Parallex Bank USSD Codes: Full Guide
Learn everything about Parallex Bank USSD codes: how to activate, transfer money, check balance, open account, and more. No internet needed.
SEC Ends T+2 Settlement, Moves to T+1 Cycle from June 1
The SEC announces May 29 as final T+2 trading day, with T+1 settlement starting June 1 to boost liquidity and reduce risks in Nigeria's capital market.
CIBN Unveils Six-Pillar Strategic Framework for Growth
The Chartered Institute of Bankers of Nigeria (CIBN) launches the IMPACT Agenda, a six-pillar strategic framework for 2026-2028 to drive industry growth and global relevance.
CAC Portal Outage Stalls New Business Registrations
The Corporate Affairs Commission's online portal remains down, halting new business registrations, name reservations, and corporate filings across Nigeria.
DMO Auctions N600 Billion Bonds at 22.6% Yield
The Debt Management Office auctioned N600 billion in reopened FGN bonds at yields up to 22.6%, continuing its strategy to deepen the domestic debt market amid high interest rates.
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CBN Unveils 8 New BVN and Mobile App Rules Starting July 1, 2026
The Central Bank of Nigeria introduces new BVN and mobile banking rules effective May 1 and July 1, 2026, including a 24-hour fraud watchlist, age limit for BVN, and transaction limits on new devices.
SEC Sets June 1 for T+1 Settlement in Nigeria
Nigeria's SEC announces June 1, 2026, as the transition date to a T+1 settlement cycle for equities and commodities, aiming to boost market efficiency.
NRS Launches Unified Taxpayer ID System in Nigeria
Nigeria Revenue Service introduces a unified Tax ID replacing previous frameworks, using NIN for individuals and CAC for businesses, to modernize tax administration.
CBN Relaxes PTA and BTA Rules: 25% Cash Access from June 1
CBN partially relaxes cashless rule for PTA and BTA, allowing 25% cash access for travellers from June 1, 2026, in a move to ease foreign exchange access.
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FirstBank, Visa Launch Visa Signature Premium Card for Affluent
FirstBank and Visa have launched Visa Signature, a premium card for Nigeria's affluent segment, offering global travel benefits, lifestyle privileges, and curated merchant offers.
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Ecobank USSD Codes: Transfers, Airtime, Account Opening
Learn all Ecobank *326# USSD codes for transfers, airtime, and account opening. No internet needed. Step-by-step guide for registration and transactions.
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