Govt Blacklists 45 Illegal Loan Apps in 2026 Crackdown
The FCCPC has blacklisted 45 illegal digital lending apps in Nigeria for predatory practices. Learn the full list and how to stay safe from harassment and data theft.
Category : Banking
UBA Exceeds CBN Capital Requirement with N157.84bn Rights Issue
United Bank for Africa (UBA) has successfully raised N157.84 billion through a rights issue, exceeding the Central Bank of Nigeria's N500 billion minimum capital requirement. The offer was oversubscribed by 113%, demonstrating strong investor confidence.
BVN Hits 67.8m, Bank Accounts 325.6m in Nigeria
Nigeria's BVN database grows to 67.8 million, a 6.8% yearly increase. Active bank accounts now stand at 325.6 million, showcasing financial inclusion progress. Read the full analysis.
Union Gives Ultimatum to Unity Bank Over Staff Sack
ASSBIFI demands Unity Bank recall over 100 terminated employees, citing breach of labour laws and merger agreement. The union threatens industrial action if demands are not met.
UBA Beats CBN's N500bn Capital Target Early
United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details
Woman Saves N2,500 Daily on OPay, Reveals Total After 50 Days
A Nigerian lady's disciplined savings plan of N2,500 daily on OPay for 50 days yielded a specific sum. She explains why the total was less than expected. See her story and netizens' reactions.
103 Loan Apps Face Ban as FCCPC Deadline Expires
Over 521 digital lenders now regulated by FCCPC as new rules take effect. 103 unregistered apps face enforcement. Discover the key provisions and sanctions.
FirstBank Meets CBN Capital Requirement Ahead of 2026 Deadline
First Bank of Nigeria has successfully raised its capital base to meet the Central Bank's N500 billion requirement. The funds will drive support for the real sector and enhance digital innovation. Read more.
19 Banks Meet CBN Recapitalisation Target Ahead of Deadline
Nineteen Nigerian banks have met the CBN's new capital requirements, with Fidelity Bank raising N250bn. Analysts expect more compliance before the March 31, 2026 deadline. Read the full list and analysis.
Ecobank Nigeria Prepay $245M Eurobond Notes
Ecobank Nigeria Limited has successfully prepaid over 80% of its $300 million Eurobond, settling $245 million with bondholders ahead of the February 2026 maturity. This strategic move highlights the bank's robust liability management.
CBN Reforms End Festive Cash Scarcity in Nigeria
The Central Bank of Nigeria's strategic reforms, led by Governor Olayemi Cardoso, have successfully eliminated cash scarcity during the 2025 festive season. Learn how new regulations and digital initiatives are transforming Nigeria's financial landscape.
Lovonus MFB Launches Tech-Driven MSME Credit Plan
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
Ecobank Nigeria Prepay $245M Eurobond Notes
Ecobank Nigeria has successfully prepaid over 80% of its $300 million Eurobond, repaying $245 million to bondholders before the February 2026 due date. Discover the details of this strategic liability management move.
RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
Banks Alert Customers on New N50 Stamp Duty Rule
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
Opay App Update: Users Rejoice Over N9,999 Transfer Option
A Nigerian Opay user sparked online excitement after noticing a new N9,999 transfer option in the app. See the viral reactions and what it means for digital banking in Nigeria.
FirstBank Meets CBN's N500bn Capital Requirement Ahead of Deadline
FirstBank has successfully met the CBN's N500 billion capital requirement ahead of schedule. The move strengthens its financial base for sector support and expansion. Read more.
Fidelity Bank Crosses N500bn Capital Threshold
Fidelity Bank Plc has successfully raised over N250bn in a single day, meeting the CBN's N500bn capital requirement. The move cements its position among Nigeria's top-tier lenders ahead of the March 2026 deadline.
CBN Lists 28 Banks Not Allowed to Operate Abroad
The Central Bank of Nigeria has published a list of 28 banks restricted to domestic operations. Discover which institutions lack international licenses and the impact of the ongoing recapitalisation drive.
Union Bank Closes All Titan Trust Social Media Accounts
Union Bank of Nigeria has disabled all Titan Trust Bank social media accounts. Customers are now directed to follow Union Bank's official platforms for updates and services.
GTBank, Zenith Lead N16.14 Trillion Bank Recapitalisation Drive
Nigerian banks accelerate recapitalisation ahead of March 2026 CBN deadline. GTCO, Zenith, UBA lead as sector's market cap hits N16.14 trillion. Read the full analysis.
FirstBank Leads 2026 Nigeria Economic Outlook Session
FirstBank's Nigeria Economic Outlook 2026, themed 'The Great Calibration', will equip customers with expert insights to navigate the year's economic landscape. Join the conversation.
CBN Reforms End Festive Season Cash Scarcity
The Central Bank of Nigeria's committee, led by Governor Olayemi Cardoso, implemented holistic reforms ensuring seamless cash flow during the 2025 festive season, marking a historic shift from perennial shortages.
Onwughalu Appointed New Fidelity Bank Chairman
Fidelity Bank Plc appoints Amaka Onwughalu as Chairman, replacing Mustafa Chike-Obi. The transition follows a tenure marked by Eurobond repayment, international expansion, and strong growth. Discover the bank's new direction.
CBN Issues New Cash Directive to Banks for 2026
The Central Bank of Nigeria has directed commercial banks to guarantee steady cash flow in ATMs and branches nationwide. This follows a successful festive season with minimal scarcity.
229 Bank Branches Closed as PoS Takes Over in Nigeria
Nigerian banks closed 229 physical branches in 2024 as digital banking booms. PoS transaction volume jumped 33%, while 1.8 million operators face a registration deadline. Discover the full story of Nigeria's banking transformation.
Man saves N700 daily on OPay for a year, shows result
A Nigerian man known as Cruise Daddy disciplined himself to save N700 every day on OPay for a full year without withdrawals. See the total amount he accumulated and his motivational message on the power of consistent saving.
Nigerian Lady Laments OPay's N4k Interest on Yearly Savings
A Nigerian entrepreneur saved N1,000 daily on OPay throughout 2025, expecting substantial interest. She was shocked to receive only N4,000. Read her story and see expert reactions.
Viral 'Periwinkle' Bank Transfer Description Sparks Online Debate
A Nigerian lady's hilarious 'periwinkle' bank transfer description goes viral on X, sparking a crucial online debate about the importance of transaction narrations in Nigeria.
Akufada MFI Bags Digital Transformation Award at Nexus 2025
Akufada Microfinance has been honoured with the Digital Transformation Pioneer Award at the Nexus 2025 Awards for its bold shift to digital platforms, setting a new benchmark in Ethiopia's financial sector. Discover how they are empowering communities.
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