Moghalu: Emefiele was political poodle, not banker
Ex-CBN deputy governor Kingsley Moghalu describes Godwin Emefiele's tenure as disastrously incompetent. Read the explosive analysis of Nigeria's economic challenges.
Category : Banking
Nigeria's FATF Grey List Exit: Lessons for Economies
Nigeria's removal from FATF Grey List showcases successful institutional reforms. Learn how this achievement boosts investor confidence and offers valuable lessons for emerging economies worldwide.
Nigerian banks post N14.7tn interest income
Nine major Nigerian banks reported a combined N14.72 trillion in interest income for the first nine months of 2025, a 27.68% increase driven by high interest rates. Discover which banks led the growth.
Moghalu: Emefiele was disastrous CBN governor
Former CBN deputy governor Kingsley Moghalu condemns Godwin Emefiele's tenure, calling it disastrous and politically compromised. Read the full analysis of Nigeria's economic decline.
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CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
Wema Bank Walk-in Interviews for Job Seekers
Wema Bank announces walk-in interviews for Commercial Relationship Management Officers across Nigeria from November 17-21, 2025. Opportunity comes amid high youth unemployment concerns.
FCCPC Gives Loan Apps Until January 2026 to Comply
Nigeria's FCCPC sets January 5, 2026 deadline for digital lenders including FairMoney, Okash, Carbon to comply with new regulations. Full enforcement begins after deadline.
New Bank Lending Rates Released by CBN for 2025
Central Bank of Nigeria publishes updated lending rates for Access Bank, UBA, Zenith Bank and others. See the new prime and maximum rates affecting loans.
Banks Set Jan 2026 Deadline for NIN, Tax ID Linking
Access Bank, Zenith Bank, UBA, and other Nigerian banks mandate customers to link NIN or Tax ID by January 1, 2026, or face account restrictions under new tax laws.
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EBID Chief Calls for Increased Climate Financing in Africa
EBID President Dr. George Donkor advocates leveraging Africa's $160bn pension funds for climate-smart investments at AFIS 2025. Discover how strategic financing can drive sustainable growth.
Naira Visa Cards Boost Cross-Border Spending Confidence
Nigerians can now spend globally with confidence using Naira Visa cards. Secure transactions, fraud protection, and seamless payments for education, business, and travel needs.
Islamic Banks in Nigeria Increase to Five with New Entry
Summit Bank Limited begins operations as Nigeria's fifth Islamic bank, expanding Sharia-compliant financial services accessible to all Nigerians regardless of religion.
Wema Bank Holds Walk-In Interviews for Job Seekers
Wema Bank invites job seekers for nationwide walk-in interviews from Nov 17-21, 2025. Positions available for Commercial Relationship Management Officers. Bring your CV and credentials.
GTBank Raises Naira Card Dollar Limit to $6,000
GTBank has increased international spending limits on naira cards from $1,000 to $6,000 per quarter. The move reflects improved forex liquidity and market stability. Learn how this affects Nigerian cardholders.
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Nigerian Bank to Close Accounts Under N7.5M Balance
Standard Chartered Bank Nigeria will close customer accounts with less than N7.5 million in February 2026. Learn about the new requirements and branch closures affecting personal banking customers.
PENCOM Certificate: Free Application Process Guide
Learn how Nigerian employers can obtain PENCOM Compliance Certificate free online. Complete requirements, step-by-step application process, and timeline explained.
Standard Chartered Nigeria Closing Branches from 2026
Standard Chartered Bank Nigeria announces branch closures starting January 2026 as part of digital transformation strategy. Bank confirms meeting CBN's N200bn capital requirement early.
Banks Warn Customers About New Fraud Methods
Ecobank, First Bank, and Wema Bank alert customers about sophisticated scams using fake apps and pop-ups to steal banking details. Learn how to protect your accounts.
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.
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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!
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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.
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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.
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