Nigeria Removed from EU Financial High-Risk List
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.
Category : Banking
Over 20 Nigerian Banks Now Meet CBN Recapitalisation Target
More than 20 Nigerian banks, including Sterling Bank, FirstBank, and UBA, have successfully met the Central Bank's new capital requirements. Discover the impact on sector resilience and the economy.
How Tech Banking Drives Nigeria's $1 Trillion GDP Target
FairMoney MD Henry Obiekea explains why technology-enabled banking is critical for financial inclusion and achieving Nigeria's 2030 economic goals. Discover the role of digital finance.
Dalu Ajene Named Standard Chartered Africa CEO
Standard Chartered has promoted Dalu Ajene to CEO for Africa. He led the Nigerian unit to meet CBN's N200bn recapitalisation early. Read his vision for the continent.
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OPay Privacy: How to Hide Transactions
Learn how to hide OPay transactions for privacy and understand why permanent deletion is not possible due to Nigerian financial regulations. A step-by-step guide.
Paystack Acquires Ladder MFB for Banking Licence
Paystack expands beyond payments by acquiring Ladder Microfinance Bank, securing a banking licence to offer deposits and loans. This strategic shift follows regulatory scrutiny and intensifies competition in Nigeria's fintech sector.
Paystack Launches Microfinance Bank in Nigeria
Nigerian fintech giant Paystack marks its 10th anniversary by launching Paystack Microfinance Bank, expanding from payments into full banking services. Read more.
Experts Back Bank Recapitalisation, Urge Caution
Financial experts endorse the CBN's bank recapitalisation drive as crucial for economic stability but caution that poor regulation and macroeconomic woes could undermine its success. Learn the key insights.
CBN Releases 2026 Bank Lending Rates for Transparency
The Central Bank of Nigeria has published the latest prime and maximum lending rates for Access Bank, UBA, GTB, Zenith, and others as of January 9, 2026, to guide borrowers. See the full list.
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Nigerian Banks Eye Fresh Lending Growth in 2026
Nigeria's banking sector is set for a lending rebound in 2026 as inflation and FX pressures ease. Economists forecast 10-15% private sector credit growth. Read the full analysis.
Access Bank, Visa Launch Corporate Card for Nigerian Businesses
Access Bank partners with Visa to launch a new Corporate Credit Card for Nigerian enterprises, offering up to 45 days interest-free credit and digital expense tracking to boost cash flow and governance.
21 Banks Meet CBN Capital Target, Secure ₦5.142 Trillion
Nigeria's banking sector shows strength as 21 banks exceed CBN's recapitalisation requirements ahead of the March 2026 deadline, securing over ₦5 trillion. Discover the leaders and the impact.
Nigerian Bank Plans 500 New Branches for Ethical Finance
The Alternative Bank (AltBank) unveils an ambitious plan to expand to 500 branches nationwide by 2026, targeting financial inclusion and ethical, non-interest banking services for all Nigerians.
Three Nigerian Banks Set for Merger as CBN Deadline Nears
Nigeria's banking sector faces consolidation as three mergers are expected before the March 2026 recapitalisation deadline. Tier-2 banks scramble for survival amid fintech disruption and regulatory pressure. Read the full analysis.
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CBN's Revised Cash Policy: Grey Areas and Risks
The CBN's revised cash policy removes deposit limits but raises concerns over ATM failures, election vote-buying, and national security. We analyse the potential pitfalls.
60 CBN recruits stranded 28 months after job offer
60 newly hired Central Bank of Nigeria staff face hardship after resigning for jobs they never started. They appeal to CBN Governor & President Tinubu for help. #CBN #Employment
Standard Chartered 2026 Paid Internship for Nigerians
Standard Chartered Bank launches its 2026 Internship Programme for Nigerian students and graduates. Gain paid, hands-on global banking experience and a pathway to a finance career. Apply now!
22 Banks Secure Licences as CBN Recapitalisation Nears
With weeks to the March 31, 2026 deadline, 22 of Nigeria's 34 banks have met the CBN's new capital requirements. Discover which banks are safe and how mergers are reshaping the industry for stability and growth.
Access Bank, Visa Launch Corporate Card for Nigerian Firms
Access Bank partners with Visa to launch a new Corporate Credit Card for medium & large Nigerian businesses. It offers a 45-day interest-free period and digitizes expense tracking via the Visa Spend Clarity platform.
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NDIC Releases N24.3bn Second Dividend for Heritage Bank
The NDIC has announced a second liquidation dividend of N24.3 billion for Heritage Bank depositors with balances over N5 million. Learn about the payout rate and future recovery prospects.
Fidelity Bank Meets CBN's N500bn Capital Requirement
Fidelity Bank Plc has successfully raised its capital base to N564.5bn, crossing the CBN's N500bn threshold for international banks. Discover how the recapitalisation race is reshaping Nigeria's banking sector with the March 2026 deadline looming.
NDIC Declares N24.3bn Heritage Bank Liquidation Dividend
The NDIC announces a second liquidation dividend of N24.3bn for Heritage Bank depositors with balances above N5m. Learn how to claim your funds and what it means for the liquidation process.
Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
Non-Interest Banks: Only 1.7% of Nigeria's Banking System
Despite over a decade of support, non-interest banks in Nigeria account for a mere 1.7% of the sector. An expert blames low awareness and misconceptions. Read more on the future of ethical finance.
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FG Places 103 Loan Apps on Watch List, Delists 45
The FCCPC has placed 103 digital loan apps on a regulatory watch list and delisted 45 others. This move aims to protect consumers from data abuse and harassment. Verify app status before borrowing.
22 Banks Secure as 2026 Recapitalization Deadline Nears
As the March 31, 2026 deadline looms, 22 of 34 Nigerian banks have secured their licenses under new CBN capital rules. Find out which banks are safe and what mergers are reshaping the sector.
FG Releases 2026 Approved Loan Apps List
Discover the top 10 loan apps in Nigeria for 2026 as the FCCPC releases its approved list of 457 digital lenders. Compare interest rates, loan amounts, and key borrowing tips.
Banks Face Pressure as CBN Closes Easy-Money Window
Nigeria's banking sector braces for tough days as the CBN's termination of pandemic-era loan relief exposes hidden losses, pushing NPLs above the regulatory limit. Discover the sectors most at risk.
CBN FX Sales Drive 38% Dollar Inflow Surge, Stabilise Naira
The Naira held firm as CBN intervention spurred a 38% monthly jump in FX inflows to $2.8bn in December 2025. Analysts predict stronger inflows ahead. Read the full analysis.
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12 Nigerian banks yet to meet CBN recapitalisation deadline
With the March 31 deadline looming, at least 12 Nigerian banks are struggling to meet the CBN's new capital requirements. Discover the full list and potential outcomes for the banking sector.
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