Cynthia Ikponmwosa Leads LAPO Microfinance Bank into New Era
Cynthia Ikponmwosa, MD of LAPO Microfinance Bank, discusses leadership, digital transformation, and balancing social impact with profitability in Nigeria's tough economy.
Category : Banking
Mum Shocked by N37,088 Monthly Interest on Daughter's Bank Account
A Nigerian mother expresses amazement after her daughter's bank pays N37,088.56 monthly interest, deducting N3,708.86 state withholding tax, sparking online reactions.
MTN Nigeria Sheds MoMo Stake to Focus on Core Telecoms
MTN Nigeria shareholders approved the sale of majority stakes in fintech arms MoMo PSB and YDFS, allowing MTN Group to invest ₦152.06 billion for a 60% stake, reducing MTN Nigeria's ownership to 40%.
Sanwo-Olu Assures Workers of Salary Review in Lagos
Governor Sanwo-Olu promises further minimum wage review and improved welfare for Lagos workers during Workers' Day celebration, while gig unions demand recognition.
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Wema Bank Marks 81st Anniversary, ALAT at Nine
Wema Bank celebrates 81 years and ALAT's ninth anniversary, launching the '5 for 5' season five and customer-focused support programs.
Access Holdings Posts Over N1 Trillion Profit
Access Holdings Plc reports over N1 trillion profit before tax for 2025, a 16.2% increase, driven by diversified income and strong deposit growth.
Eterna Q1 2026: Revenue N70.45bn, Profit N1.38bn
Eterna Plc reports N70.45bn revenue and N1.38bn profit after tax for Q1 2026, driven by operational efficiency and growth in core segments.
MTN Nigeria Shareholders Approve N152b Fintech Stake Sale
MTN Nigeria shareholders approved the sale of a majority stake in its fintech arms to MTN Group for N152 billion, shifting capital burden and regulatory oversight.
UBA Pushes Bank-Fintech Collaboration at African Conference
UBA hosted its inaugural Fintech Conference, urging deeper collaboration between banks and fintechs to drive financial inclusion and innovation across Africa.
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Data-Driven Trust Key to Unlocking $32.3bn SME Gap
CRC Credit Bureau calls for data-driven trust infrastructure to unlock Nigeria's $32.3 billion SME financing gap, as MD Dr Popoola delivers lecture at KWASU.
Cybervergent v3.0 Launch and Expansion into Kenya, Ghana, SA
Cybervergent launches AI-powered v3.0 platform for continuous risk and compliance management, expanding into Kenya, Ghana, and South Africa with local partnerships.
German Firms Partner Nigerian Talents for Labour Mobility
German and Nigerian companies strengthen ICT partnership to boost labour mobility, trade ties, and address skilled talent deficit through business matching.
Nigeria Rev360: NRS Launches Digital Tax Platform
The Nigeria Revenue Service launches Rev360, a digital tax platform ushering in Tax Administration 3.0 to enhance efficiency, transparency, and taxpayer experience.
CBN New BVN Rules: Key Changes Effective May 1, 2026
The Central Bank of Nigeria introduces tough BVN regulations from May 1, 2026, including one-time phone number change, one-device rule, and transaction caps to combat fraud.
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ACCI Roundtable to Bridge Funding Gap for Women Businesses
ACCI hosts a stakeholder roundtable on non-interest funding for women-owned businesses to improve financial inclusion and expand access to capital for female entrepreneurs.
Senate Fast-Tracks Yuguda’s CBN Deputy Governor Confirmation
The Senate swiftly advanced Lamido Abubakar Yuguda's confirmation as CBN Deputy Governor, granting him a 'take a bow and go' privilege to bypass questioning.
United Capital Beats SEC Capital Deadline, Fully Compliant
United Capital Group completes recapitalisation of SEC-regulated subsidiaries, meeting revised minimum capital requirements 14 months before the June 2027 deadline.
GTCO Shareholders Approve N12.76 Dividend, Highest in Banking
Shareholders of GTCO endorsed the bank's N12.76 dividend, the highest in the sector, praising its 2025 performance and urging management to sustain growth.
Court Orders MTN, Airtel to Resume Airtime Lending Services
Federal High Courts in Lagos and Abuja grant interim injunctions restoring airtime lending, restraining FCCPC regulations. House of Representatives urges NCC to extend SIM reallocation period to 18 months.
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MTN Launches 'Live It 100' Movement After Historic Event
MTN Nigeria unveils 'Live It 100' manifesto after 100-hour youth-led event at National Stadium, Surulere, featuring music, sports, gaming, and startup pitches.
Nigerian Telecom Users Await Compensation for Poor Service
Nigerian telecom subscribers express frustration as NCC-directed compensation for poor service remains unpaid, raising concerns about trust in regulators and operators.
Court Orders MTN, Airtel to Resume Airtime Lending
Federal High Courts in Lagos and Abuja have issued interim injunctions restoring airtime lending services and restraining FCCPC from enforcing its DEON regulations.
Payaza Gets Dual Rating Upgrades, Expands in Africa
Payaza Africa Limited earns dual credit rating upgrades from DataPro and Intelligent Africa, and launches new payment solutions to expand its fintech presence across Africa.
Optimus Bank 2025 Profit Surges 69.94% to N24.14bn
Optimus Bank reports N24.14bn profit before tax for 2025, a 69.94% increase. Gross earnings rose 73.53% to N50.67bn, driven by strong core banking growth.
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Tinubu's Coach Mentality as Oyedele Takes Finance Helm
RHLN praises Taiwo Oyedele's appointment as Finance Minister, highlighting Tinubu's adaptive leadership and Oyedele's expertise in fiscal policy for Nigeria's economic reforms.
Afreximbank Boosts Africa's Growth with Strong Finances
Afreximbank reaffirms commitment to reducing Africa's external dependence by financing refining, logistics, and manufacturing projects, citing strong 2025 financial results and investor confidence.
Banks Face Asset Quality, Validation Tests After Capital Raise
Nigerian banks grapple with asset quality and validation tests after raising N4.65 trillion capital, facing excess liquidity, lower yields, and moral hazard concerns.
CSCS aims for market leadership via tech and revenue diversification
CSCS reaffirms commitment to technology investment and revenue diversification to strengthen Nigeria's capital market infrastructure.
Strengthening Nigerian Banks: A Vital Step for Economic Growth
Nigeria's bank recapitalisation programme, led by the CBN, has raised ₦4.65 trillion, boosting financial resilience and supporting long-term economic growth.
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UBA Assets Hit N33.2 Trillion, Up 9.4%
UBA reports 9.4% asset growth to N33.2 trillion in 2025, with customer deposits rising to N27.2 trillion and strong gross earnings of N3.09 trillion.
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