Fuel Prices Drop at Depots and Filling Stations Across Nigeria
Oil marketers reduce petrol prices at depots and filling stations amid rising crude oil costs. Abuja sees N35 per litre drop.
Category : Banking
FCCPC Data Shows Top 10 Loan Apps in Nigeria and Rates
FCCPC releases data on top loan apps in Nigeria, including FairMoney and Palmcredit, with interest rates ranging from 1.5% to 30% monthly amid regulatory reforms.
CBN Removes Charges on 5 Banking Services From May 1
The Central Bank of Nigeria has removed charges on account reactivation, ATM withdrawals, virtual cards, and more, effective May 1, 2026, to boost financial inclusion.
FG Unveils ₦10bn Housing Loan, Expands Civil Servant Welfare
Federal Government announces ₦10 billion housing loan scheme and enhanced welfare benefits for civil servants ahead of Workers' Day 2026.
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Nigeria's Capital Market Raises N4.65 Trillion in Banking Recap
Nigeria's capital market mobilised N4.65 trillion in fresh equity over 24 months, with 33 banks meeting new thresholds, proving its capacity to drive national economic transformation.
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CBN Hikes ATM Card Fee to N1,500, Removes Monthly Charge
The Central Bank of Nigeria increased ATM card issuance fee from N1,000 to N1,500, while scrapping monthly maintenance charges and POS transaction fees for customers.
FCT Court Dismisses N7.1bn Suit Against Parallex Bank
FCT High Court strikes out N7.1bn suit by FHT Mega Express against Parallex Bank, citing abuse of process, and awards N500,000 costs to the bank.
CBN Unveils Revised Bank Charges Guide, Tightens Rules
The Central Bank of Nigeria has released a draft revised Guide to Charges for banks, introducing fee caps and stricter disclosure requirements to enhance transparency and consumer protection.
Wema Bank Exceeds CBN Recapitalisation Requirement
Wema Bank has met and exceeded CBN's recapitalisation requirement, raising qualifying capital to N264.7 billion, well above the N200 billion minimum for national banks.
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Nitin Sandesara pays Rs 9,800 crore to banks
Nitin J. Sandesara paid Rs 9,800 crore to Indian banks, nearly double the original claim, leading the Supreme Court to close all proceedings and setting a new standard for corporate accountability.
CBN Hikes ATM Card Fee to N1,500, Ends Maintenance Charge
The Central Bank of Nigeria increases ATM card issuance fee to N1,500 from May 1, removes maintenance charges on naira cards, and updates banking fees.
CBN Orders Monthly Reports on Failed Electronic Transactions
The Central Bank of Nigeria has mandated banks to submit monthly reports on failed electronic transactions, including ATM, PoS, mobile, and web channels, to enhance transparency and consumer protection.
CBN Proposes ₦1,500 ATM Card Fee, 50% Increase
The Central Bank of Nigeria proposes raising ATM card issuance and replacement fees to ₦1,500, a 50% increase from ₦1,000, effective May 1, 2026, aiming to modernize the financial system.
CBN Raises ATM Card Fee to N1,500, Ends Monthly Charges
The Central Bank of Nigeria increases ATM card issuance fee to N1,500, abolishes N50 monthly maintenance, and introduces free virtual cards to boost digital banking.
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United Capital Group Reports N28.15b PAT in 2025
United Capital Group reports N28.15 billion PAT in 2025, a 17% increase, with revenue up 35% to N58.55 billion. A final dividend of N0.70 per share declared.
NCC Orders MTN, Airtel to Compensate Nigerians for Poor Service
The NCC has directed telecom operators to compensate subscribers with airtime credits for poor network quality, following verified service failures between November 2025 and January 2026.
Naira Weakens to N1,353/$ at Official Market
The naira depreciated to N1,353.91/$1 at the official market amid falling forex turnover. CBN releases new exchange rates for major currencies.
CBN Caps Transfer and ATM Fees in New 2026 Banking Guidelines
The Central Bank of Nigeria releases draft guidelines capping transfer and ATM fees, enhancing transparency and promoting digital payments.
Providus Bank Opens New Branch in Ado-Ekiti
Providus Bank has opened a new branch in Ado-Ekiti, expanding its footprint in key growth markets as part of a 12-month national expansion plan.
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NLPC Pension AUM Reaches N625 Billion
NLPC Pension Fund Administrators' assets under management grew to N624.95 billion, a 5.42% increase, reflecting confidence in retirement savings amid economic challenges.
Banks Fail ESG Test as Coalition Demands Reform
A coalition report finds Nigeria's top banks score poorly on sustainability and ESG standards, urging regulatory reforms.
Afreximbank, St Kitts Sign Hosting Deal For ACTIF2026
Afreximbank and St Kitts and Nevis signed the hosting agreement for ACTIF2026, set for July 29-31, 2026, to deepen Africa-Caribbean trade ties.
Nigeria Begins Telecom Consumer Compensation Era
NCC announces automatic airtime refunds for telecom subscribers affected by poor service, marking the start of the Consumer Compensation Era in Nigeria.
Andray Finance App Fights Predatory Lending in Nigeria
Andray Finance unveils a mobile app on Google Play and iOS to provide ethical credit options, challenging predatory lending practices in Nigeria.
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Nigerians Can Now Borrow Airtime and Data from 5 New Providers
The FCCPC has approved five new providers for airtime and data borrowing in Nigeria, replacing MTN and Airtel. Learn how the new system works and what to expect.
Zenith Bank Hits N5 Trillion Market Cap, Sets New Record
Zenith Bank becomes first Nigerian bank to surpass N5 trillion market capitalisation, with shares surging under CEO Adaora Umeoji. The bank also ranks as Nigeria's most profitable in 2025.
Court Upholds FCCPC Power, Fines UBA in Banking Consumer Case
A Federal High Court in Abuja dismissed UBA's suit challenging the FCCPC's jurisdiction, affirming its authority to protect bank customers and imposing a N2 million fine on the bank.
Court Dismisses UBA Suit, Says Banks Answerable to FCCPC
A Federal High Court in Abuja has dismissed a suit by United Bank for Africa (UBA) challenging the FCCPC's jurisdiction, affirming its authority to investigate consumer complaints against banks and imposing a N2 million fine on UBA.
Nigeria Banks Face New Fraud Trend: Fewer Attacks, Bigger Losses
Fraud cases in Nigeria's banking sector have declined by 4%, but financial losses per incident have surged dramatically, with internet banking recording the highest losses despite fewer cases, highlighting evolving cyber threats.
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Zenith Bank Hits ₦5 Trillion Market Cap, Sets Banking Record
Zenith Bank Plc has become the first Nigerian bank to achieve a market capitalisation of over ₦5 trillion, marking a historic milestone in the country's financial industry. This achievement reflects strong investor confidence, robust profitability, and ef
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