A Federal High Court in Lagos has ruled that the Central Bank of Nigeria exceeded its powers by dissolving Union Bank's board in 2024, ordering immediate reinstatement and addressing recapitalisation issues.
Unity Bank has firmly dismissed reports suggesting it failed to meet CBN's recapitalization threshold, confirming full compliance and strong financial stability ahead of the March 31, 2026 deadline through strategic merger and capital enhancement initiati
The Central Bank of Nigeria mandates IMTOs to open naira settlement accounts with authorised banks to enhance transparency and efficiency in forex market operations.
The Central Bank of Nigeria has reassured citizens that the banking sector remains stable and customer deposits are fully protected ahead of the March 31, 2026 recapitalisation deadline. The regulator dismissed rumors of account freezes and urged the publ
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Signature Bank has appointed Alex Alozie as its new Deputy Managing Director, bringing over 20 years of banking leadership experience from institutions like UBA, Access Bank, and Diamond Bank to drive growth and transformation.
The Nigeria Employers' Consultative Association (NECA) has lauded the Federal Government for inaugurating the National Pension Commission (PenCom) Governing Board, calling it a vital move to enhance governance and transparency in Nigeria's pension sector.
Zenith Bank Plc has appointed Mr Kennedy Onuwa Okwudili as an Executive Director, effective May 1, 2026. With over 25 years of banking experience, his promotion aligns with the bank's internal leadership development strategy.
AfricaNenda Foundation reports a breakthrough in inclusive instant payments across Africa, with rapid national launches and increased transactions. However, 400 million Africans are still unbanked, highlighting the need for continued digital infrastructur
Nigerian Exchange Group partners with the Federal Ministry of Women Affairs to advance women's economic empowerment and gender inclusion in Nigeria's capital markets, with SEC's leadership recognized globally.
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Usman Onoja has been appointed as the new chairman of Lovonus Microfinance Bank, succeeding Alfred Okoigun, who transitions to chairman of the Lovonus Group after over a decade of leadership marked by growth and integrity.
A former sales representative at a popular Nigerian bank has disclosed his monthly earnings and the frustrating work environment that led him to resign in 2020 to pursue graphic design full-time.
Aliko Dangote's net worth increased by $2.57 billion in 2026, reaching $32.5 billion and ranking 64th worldwide. He leads Africa's billionaire list, with other top performers including Johann Rupert and Nicky Oppenheimer.
Nigerian industrialist Abdulsamad Rabiu's net worth surged to $14.6 billion in 2026, making him Africa's third-richest overall and second-richest Black billionaire behind Aliko Dangote.
DLM Capital Group has successfully made the first principal and interest payment on its Sovereign Bond-Backed Composite Notes, boosting investor confidence in this innovative financial instrument.
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A Nigerian man's social media post detailing his salary progression at United Bank for Africa from 2006 to 2014 has sparked online discussions about career growth and financial planning for retirement.
The National Institute of Marketing of Nigeria held its inaugural 'Leadhers in Marketing' Conference, emphasizing the need to boost women's impact in integrated marketing communications through mentorship and technology.
FairMoney Microfinance Bank has appointed Gbenga Shobo as Chairman and Debo Aderoju as Executive Director to strengthen governance and support expansion in Nigeria's digital finance sector.
The Federal Government has inaugurated the PenCom board, charging members to uphold corporate governance and safeguard over N28 trillion in pension assets under the Contributory Pension Scheme.
Lovonus Microfinance Bank appoints Usman Onoja as chairman, succeeding Alfred Okoigun, who transitions to lead the Lovonus Group after a decade of transformative leadership.
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The Lagos TUC demands Global Plus Publishing recall 75 sacked workers, citing breach of mediation with the Federal Ministry of Labour and Employment.
A Nigerian man's routine bank visit turned unusual when a generator fuel outage caused a blackout, prompting him to declare 'end times are near' and sparking widespread social media reactions.
The Federal Government has charged the new PenCom board to uphold corporate governance and ensure the safety of over N28 trillion in pension assets, emphasizing transparency and public confidence.
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The Central Bank of Nigeria has been named Central Bank of the Year at the 2026 Central Banking Awards, recognized for monetary reforms that stabilized Nigeria's economy through exchange rate unification and transparency measures.
As the March 31, 2026 deadline approaches, Nigerian banks show strong compliance with CBN's recapitalization directive, raising ₦4.05 trillion. Most banks meet targets, while a few face delays under regulatory scrutiny.
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Ahead of the March 31, 2026 deadline, 34 Nigerian banks have successfully met the Central Bank of Nigeria's recapitalisation thresholds, with major lenders exceeding capital requirements and no major disruptions expected in the banking sector.
Nigerian banks have successfully navigated a two-year recapitalisation process, raising over N4 trillion without major disruptions. As the banking sector stabilizes, attention shifts to the insurance industry, where companies are gearing up for their own
Millions of Nigerians are increasingly relying on neighborhood POS operators for cash deposits and withdrawals, cementing their role as the country's most accessible retail cash hubs under new banking regulations.
Stakeholders in the Niger Delta urge President Tinubu to decentralize pipeline surveillance contracts, citing failures in current arrangements and significant oil revenue losses, while some communities praise Tantita's efforts.
James Edeh of FairMoney highlights how regulatory compliance and digital identity systems are boosting trust and reducing fraud in Nigeria's banking industry, with data showing a decline in identity-related fraud.
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Explore the high interest rates on quick loans in Nigeria, including hidden fees, APR calculations, and tips to avoid predatory lending practices for better financial decisions.
