NIBSS reveals social engineering remains Nigeria's biggest banking fraud technique, with insider abuse posing the greatest threat despite a significant 51% reduction in losses to N25.85 billion in 2025.
The Central Bank of Nigeria has disclosed payments of N3.31 billion to insured depositors and significant sums to uninsured depositors of failed financial institutions during the first half of 2025.
Nigeria's Zenith Bank secures regulatory approval to acquire Paramount Bank in Kenya, marking a strategic expansion into East Africa and diversifying earnings beyond Nigeria.
Nigeria's FCCPC extends compliance deadline to April 2026 for digital lenders, names 100 loan apps on watch list to regularise operations under new regulations.
The Central Bank of Nigeria has raised alarm over emerging fraud threats in the banking sector, calling for faster industry responses as digital transactions surge nationwide.
The Central Bank of Nigeria has directed major financial institutions including Access, Zenith, and UBA to reduce fraud response times to under 30 minutes to combat rising digital threats and enhance customer protection.
PalmPay and OPay MFB announce 2025 Graduate Trainee Programmes offering Nigerian graduates career opportunities in fintech and financial services with structured training.
FairMoney Microfinance Bank reveals it disbursed over N150 billion in loans and paid N7 billion in interest on savings in 2025, leveraging AI and machine learning to serve underserved customers.
The Nigerian naira weakened in the official forex market on Monday due to high demand and limited supply, while GTBank adjusted its exchange rate for international payments.
Nigerian banks have commenced deducting 7.5% VAT on card maintenance fees and selected electronic banking charges following NRS directive, with deposits and transfers remaining exempt.
The Central Bank of Nigeria's recapitalisation drive puts seven banks at risk of licence downgrades as they struggle to meet the new capital requirements by the fast-approaching deadline.
CBN data reveals a massive gap between bank lending and deposit rates. Borrowers in key sectors face crippling costs while savers earn minimal returns. Discover the full breakdown.
Nigerian banks face rising loan defaults from households and businesses, pushing NPL ratio to 7%. The CBN warns of risks but assures system stability. Read the full analysis.
Nigerian bank customers express frustration as commercial banks implement 7.5% VAT on electronic services, adding to existing fees. Calls grow for CBN oversight. Read the full report.
The Central Bank of Nigeria plans a major Treasury Bills auction this week to manage liquidity. Analysts predict strong investor demand. Read the full analysis.
FCMB Group Plc has successfully met the Central Bank of Nigeria's new capital requirements, securing its national banking licence. Discover which 20 banks are now compliant ahead of the March 2026 deadline.
The Central Bank of Nigeria confirms 20 commercial banks have successfully met the new recapitalisation requirements. Discover the full list and what it means for Nigeria's trillion-dollar economy goal.
Nigerians' ATM cash withdrawals surged to ₦36.34 trillion in H1 2025, defying CBN's fee hikes. Public backlash grows as policy hits low-income earners hardest. Discover the data and implications.
NGX delists ASO Savings and Loans Plc following CBN's licence revocation. Shareholders face total loss as regulatory crackdown intensifies. Full details inside.
Discover which Nigerian banks have secured international and national licences under the CBN's new capital requirements. Stay informed on the banking sector's transformation.
Nigeria's leasing industry, with volumes exceeding N5 trillion, is set for stronger growth in 2026. Driven by economic stability and key reforms, it's a vital financing channel for businesses. Read more.
PalmPay's Purple December 2025 campaign evolved from simple giveaways into a shared digital experience for Nigerians, fostering community, celebrating savings goals, and embedding itself into the festive timeline. Discover the moments that defined it.
Major Nigerian banks like FirstBank, UBA, and Access Bank have successfully met the CBN's N500bn capital requirement. See how this strengthens Nigeria's financial system and supports economic growth.
Nigeria's banking sector consolidates as 23 banks meet new CBN capital requirements. Access, Zenith lead. Three banks set to merge ahead of March 2026 deadline. Full details inside.
Providus Bank has launched its 2026 Graduate Trainee Sales Programme for young Nigerian graduates. Applications are open until January 18, 2026. No prior experience required.
FairMoney MD Henry Obiekea explains why technology-enabled banking is critical for financial inclusion and achieving Nigeria's 2030 economic target. Discover the role of digital finance in national growth.
LAPO Microfinance Bank appoints seasoned economist Edward Aghimien as Non-Executive Director. His 40+ years of experience in FMCG and business development will bolster the bank's governance and financial inclusion goals. Read more.
PalmPay and Premier Cool are giving away N100 million. Learn how 10,000 Nigerians can win N10,000 instantly by using the soap. Campaign runs from Jan 12 to Apr 11, 2026.
The Central Bank of Nigeria has published the latest savings account interest rates. Discover which banks offer the highest returns and how the market averages 8% in 2026.
The EU has removed Nigeria from its high-risk money laundering list, boosting trade and investor confidence. This follows Nigeria's exit from the FATF grey list.