The Central Bank of Nigeria announces 20 out of 33 banks have met new capital requirements, raising N4.05 trillion with strong domestic investor participation ahead of March 31 deadline.
The Central Bank of Nigeria has lowered its Monetary Policy Rate by 50 basis points to 26.50% following the 304th MPC meeting. Governor Cardoso cited declining inflation and exchange rate stability as key factors driving the unanimous decision.
Bank78 MFB has officially commenced operations as a licensed digital microfinance bank in Nigeria, bridging the gap between fintech innovation and traditional banking reliability with full CBN licensing and NDIC deposit insurance.
With four weeks left to meet the Central Bank of Nigeria's recapitalization deadline, major banks are prepared while smaller institutions scramble for funds. The move aims to strengthen the banking sector and support Nigeria's economic ambitions.
Nigerians relocating to the UK, US, or Canada often lack local credit history. This guide explains credit scores and offers practical steps to build them quickly for accessing loans, rentals, and more.
Aliko Dangote reveals Nigerians can invest in Dangote Refinery shares within 4-5 months, with dividends payable in naira or dollars. He calls on Tinubu's government to reduce imports and boost local manufacturing to strengthen the naira.
Explore the collapse of 10 notable Nigerian banks, including Savannah Bank and Heritage Bank, due to governance failures, capital issues, and regulatory actions by the CBN.
The Central Bank of Nigeria has approved 82 recapitalised BDC operators to access up to $150,000 weekly from the NFEM to improve dollar supply in the retail market and support naira stability.
Commercial banks and telecom operators in Nigeria have resolved their four-year dispute over unpaid USSD charges, clearing nearly N300 billion in debt and transitioning to a new end-user billing model.
Niger Delta Safety Watch has written an open letter to President Bola Ahmed Tinubu, calling for urgent review of the pipeline surveillance contract held by Government Ekpemupolo (Tompolo). The group cites significant oil production losses and accuses Tomp
Bureau de Change operators report they have not been able to access the Central Bank of Nigeria's official foreign exchange window despite policy approval. Operational challenges including settlement account requirements and banking processes are creating
Nigeria grieves the loss of Chief Israel C. Ogbue, former UBA chairman, who passed away peacefully at 99. He leaves a legacy of over 60 years in public and private service, with tributes pouring in from colleagues and citizens.
The Nigerian naira recorded contrasting movements across official and parallel markets while external reserves climbed above $48.5 billion, providing the Central Bank with enhanced capacity to stabilize the currency.
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CFG Africa's dual-city investment forum highlighted non-interest finance as a strategic hedge against market volatility, with experts showcasing strong returns and advocating for policy shifts to boost economic stability.
The proposed merger between Unity Bank and Providus Bank has successfully exceeded the Central Bank of Nigeria's N200 billion minimum capital requirement for national banking licenses. Regulatory approvals and shareholder support have positioned the combi
Nigerian billionaire Abdulsamad Rabiu's net worth surged to $12.3 billion on February 18, 2026, driven by gains in BUA Cement and BUA Foods on the Nigerian Exchange. His wealth increased by $915 million in a single day, with year-to-date gains of $2.13 bi
Zenith Bank Plc has issued a strong public warning about a fraudulent AI-generated video falsely showing Chairman Jim Ovia promoting an investment scheme. The bank disowned the manipulated clip and urged Nigerians to disregard it.
Guaranty Trust Bank introduces Quick Airtime Loan, offering up to N10,000 for instant airtime access, leveraging fintech collaboration with HabariPay to enhance Nigeria's financial ecosystem.
Food and beverage sector workers staged protests at NAFDAC's Lagos office, warning that factory closures linked to the sachet alcohol ban threaten millions of jobs and worsen economic pressure.
The Nigerian naira appreciated to N1,347.78 per dollar at the official market, its highest level in two years, with the dollar crashing by over N83 since January. The Central Bank's expected BDC guidelines and improved liquidity are driving the gains.
The Central Bank of Nigeria collaborates with West African central banks to advance the Eco single currency project, targeting a 2027 launch with strict economic criteria for member nations.
Wema Bank has announced the opening of applications for its 2026 Bankers-in-Training (Sales) Program, offering young Nigerian graduates a structured career path in banking with training in Lagos, Ibadan, Abuja, and Port Harcourt.
United Bank for Africa (UBA) has launched a new diaspora investment platform to help Africans abroad move beyond remittances and build long-term wealth through banking, investments, pensions, insurance, and real estate services.
Access Bank is recruiting experienced professionals for branch manager, relationship officer, and Chinese desk manager positions across Nigeria. Requirements include business degrees and relevant banking experience.
Nigerian banks are in the final phase of meeting the Central Bank's March 2026 recapitalization deadline, with FCMB undergoing verification and other institutions exploring mergers, foreign investment, and capital raises amid fintech competition.
Zenith Bank founder Jim Ovia details starting with N20 million in 1990, growing to $4 billion in 20 years, and overcoming Nigeria's infrastructure challenges through BYOI strategy.
A Nigerian woman's viral TikTok post about leaving her banking job on January 1, 2026, to start her own business has ignited widespread reactions and discussions about career transitions.
Ikeja Electric has clarified that its directive for submitting Tax ID and NIN applies only to corporate customers, vendors, and partners, not residential users, to comply with the Nigeria Tax Act 2025.
The Central Bank of Nigeria cautions citizens against mutilating, spraying, or counterfeiting the naira, emphasizing respect for the currency as a national symbol during Valentine's Day celebrations.
The Nigerian naira strengthened by N70 against the US dollar in the parallel market after the Central Bank allowed BDCs to access $150,000 weekly from official sources.