FCMB FastCash Loan Limit Raised to ₦500,000
FCMB increases FastCash instant loan limit to ₦500,000, offering digital, collateral-free loans to eligible customers with repayments up to 90 days.
Category : Banking
FCMB Raises FastCash Loan Limit to ₦5M
FCMB has increased its FastCash instant loan limit to ₦5 million, helping customers access larger credit quickly. The move targets salary earners and businesses.
Nigerian Banks' Marketing Spend Hits N76.54bn in Q1 2026
Nigerian banks spent N76.54bn on advertising in Q1 2026, up 5.35% from N72.65bn in Q1 2025. UBA led the rise with a 177.69% increase, while Jaiz Bank saw the fastest growth at 1,623.6%.
CBN FX Sales Surge to $953 Million in March After January Slump
Nigeria's CBN FX sales surged to $953 million in March, rebounding from January's slump, according to latest data, signaling improved liquidity in the forex market.
Nigerian Banks Sort Codes: Full List of Sort and SWIFT Codes
Discover the complete list of Nigerian banks' sort codes and SWIFT codes. Learn how these codes work for local and international transfers, with a full guide.
CBN OMO Auction Attracts N4.93trn Bids as Investors Chase 20% Yield
Investors submitted N4.93 trillion in bids for CBN's OMO bills, chasing yields up to 20%, with total allotment of N1.2 trillion and stop rates at 19.5% and 20%.
CBN Guide on Bank Charges: ATM, Cards, Transfers Affected
The CBN's Guide to Charges by Banks sets maximum fees for transfers, ATM withdrawals, and cash transactions, while prohibiting charges for services like PIN resets and account reactivation.
DMO Cuts August FGN Bond Offer to N1.1trn After June Demand
The DMO has reduced the August FGN bond offer to N1.1 trillion, following a N1.74 trillion subscription in June, reflecting market dynamics.
NAICOM Confirms Seven More Insurers Meet Capital
NAICOM confirms seven additional insurance companies have met the new capital requirements, bringing total to 14. This milestone marks progress in the industry's recapitalization drive.
Nigerians Borrow More for Homes as CBN Reports Rising Credit Demand
Household credit for house purchases rose to 9.6 index points in Q2 2026, per CBN's Credit Conditions Survey, signaling stronger borrowing for home ownership amid rising secured and corporate loan demand.
CBN Eases Cash and Forex Rules for Access, UBA, Zenith, Others
CBN removes restrictions on banks' access to Standing Lending Facility and FX markets, allowing participation in government securities auctions, with OMO limits retained.
GTBank Doubles Naira Card Limit to $40,000
GTBank has doubled the quarterly international spending limit on its naira debit cards to $40,000, becoming the first of Nigeria's 33 recapitalised commercial banks to reach this ceiling.
CBN Injects N5.21tn Ahead of N700bn NTB Auction
The CBN injected N5.21 trillion into the banking system in one week, ahead of today's N700 billion NTB auction, boosting liquidity and stabilizing the naira.
OPay 7 Savings Festival: 27% Interest, ₦77m Pool
OPay launches the 7 Savings Festival (Aug 10-Sep 27, 2026) offering 27% annual interest and a share of ₦77 million pool for consistent savers.
UBA, Mikano Motors Launch Vehicle Financing Scheme
UBA and Mikano Motors unveiled a vehicle financing scheme in Lagos covering up to 70% of new car costs, with 30% deposit and 23% interest over 36 months.
Mastercard names new regional lead for EEMEA
Mastercard has appointed a new division president for Eastern Europe, Middle East, and Africa, effective immediately, as part of its strategy to drive growth in these markets.
Naira Steadies as Euro Stays Below N1580
Naira stability continues as Euro trades below N1580, reflecting CBN reforms' impact on forex market, with analysts predicting sustained calm.
Nigerian Banks Raise International Card Spending Limits
GTBank raises quarterly international card limit to $20,000 from $6,000; Access Bank and UBA adjust limits amid CBN FX reforms.
BOI Opens N250bn Bond Offer at 17.5% Yield to Fund Businesses
The Bank of Industry (BOI) has opened its N250bn Series 1 Fixed Rate Bond, offering a yield of up to 17.50% to fund key sectors. The five-year bond, rated AAA, is tax-exempt and open to institutional investors with a minimum investment of N5m.
JSE Courts Dangote Refinery Listing Amid Tensions
Johannesburg Stock Exchange seeks Dangote Refinery secondary listing after $5B IPO, despite strained Nigeria-South Africa business ties.
Banking Stocks Lift Nigerian Market by N70.6bn
Nigerian equities gained N70.6bn on Wednesday as banking stocks rallied, despite a consumer goods selloff. The All-Share Index rose 0.33% to 98,452.11 points.
5 Countries Offering Cash to Marry: Full List
Italy, Japan, Singapore, China, and Hungary offer cash incentives for marriage to boost birth rates. Learn about each program's benefits and conditions.
Regency Alliance Raises N6.04bn, Meets NAICOM Capital
Regency Alliance Insurance has raised N6.04 billion, meeting NAICOM's recapitalization requirement ahead of the December 2025 deadline.
Banking Stocks Lift Nigerian Market by N288bn
Banking stocks drove a N288 billion gain in Nigerian equities, lifting the market despite a broad selloff, as investors sought value in the sector.
CBN Offers N700 Billion in First Treasury Bills Auction for August 2026
The Central Bank of Nigeria will auction N700 billion in treasury bills, its first for August 2026, targeting 91-day, 182-day, and 364-day instruments to manage liquidity.
Femi Otedola Targets Over 51% Stake in First HoldCo
Billionaire Femi Otedola has announced plans to increase his stake in First HoldCo to over 51%, a move that will give him controlling ownership of First Bank of Nigeria.
FirstHoldCo Hits N6 Trillion Market Cap, a Historic First
FirstHoldCo becomes the first Nigerian bank to hit N6 trillion market cap on the NGX, marking a historic milestone for the banking sector in 2026.
LivingTrust Mortgage Profit Falls 76% as Deposits Rise
LivingTrust Mortgage Bank's profit before tax crashed 76% in H1 2026, even as customer deposits surged, according to the bank's financial report.
First HoldCo Adopts 60% Dividend Policy for Returns
First HoldCo will pay out at least 60% of annual post-tax profit as dividends, signalling confidence after a ₦748.1bn bad-loan provision wiped out 2025 payout.
CBN Exposes 13,117 Fraud-Linked BVNs as Banks Crack Down
Nigeria's fraud-linked BVNs jumped to 13,117 in 2025, a 38.4% rise, as CBN and major banks intensify monitoring while consumer credit fell 19.89% to N3.78 trillion.
Page 3 of 42