First Bank, Ekiti Support 300 Innovators with N50m Grants
First Bank and Ekiti State government have disbursed N50 million in grants to 300 innovators and entrepreneurs across 16 local government areas to boost startups and economic growth.
Category : Banking
Dangote Plans 10% Refinery Stake Sale Via Pan-African IPO
Dangote Group unveils plans to sell a 10% stake in its $20 billion refinery through a Pan-African IPO in 2026, offering dollar-denominated dividends to investors.
Union Bank's Alpher Bridges Nigeria's Banking Gap for Informal Sector
Union Bank of Nigeria is pioneering financial inclusion through its Alpher initiative, targeting Nigeria's vast informal economy with tailored products, disbursing over ₦150 million in cash flow loans and reaching previously unbanked entrepreneurs.
Nigerian Banks: Lead with Strategic Compliance for Growth
Nigerian banks must embed compliance into strategy to meet evolving regulations, reduce risks, and unlock business opportunities in a changing financial landscape.
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UBA GMAP Graduates 720 to Address Africa's Skills Gap
UBA's Graduate Management Accelerated Programme (GMAP) graduated 720 young professionals from across Africa, focusing on leadership and resilience to combat unemployment and skills mismatch.
CBN Introduces NOFR to Deepen Nigeria's Money Market
The Central Bank of Nigeria, with FMDA, has launched the Nigerian Overnight Financing Rate (NOFR) as a new benchmark to enhance transparency, monetary policy, and market depth.
CBN Sets 18 Years Minimum Age for BVN, New Rules Start May 1
The Central Bank of Nigeria has announced that only individuals aged 18 and above can enrol for BVN from May 1, 2026, as part of tighter security measures.
Dangote Offers Dollar Dividends for Refinery IPO to Attract Investors
Aliko Dangote plans to list 10% of his refinery, offering US dollar-denominated dividends to attract investors amid currency pressures, as part of a $40bn expansion.
NDIC Shuts Down 89 Banks in Nigeria - Full List
The Nigeria Deposit Insurance Corporation has concluded the permanent liquidation of 89 microfinance and primary mortgage banks. Customers must now deal with new institutions that have taken over operations.
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N29.84bn Pension Backlog Traps Workers' Funds
Nearly N30 billion in pension contributions remains uncredited to workers' RSAs due to employer errors and data issues, with Stanbic IBTC Pension Managers holding the largest share.
Banker's 18-Year Contract Staff Struggle Despite Degrees
A Nigerian banker with BSc and Master's degrees reveals enduring 18 years as contract staff in a commercial bank, questioning education value amid job search struggles and systemic frustrations.
NDIC Finalizes Liquidation of 89 Defunct Banks After CBN Revocations
The Nigeria Deposit Insurance Corporation has started the final shutdown process for 89 microfinance and primary mortgage banks, whose licences were revoked by the CBN in 2023. New institutions have taken over under a Purchase and Assumption model, with N
Ecobank Profit Up 21% on Payments and Lending Expansion
Ecobank Group reports a 21% rise in profit before tax to $801 million for 2025, fueled by strong performances in payments, lending, and trade finance across Africa.
Oladiti Set to Lead NUPENG as Akporeha Exits Presidency
Salimon Oladiti, former PTD National Chairman, is expected to be elected NUPENG President on April 24 in Lagos, marking a historic first for the PTD branch. Outgoing President Williams Akporeha endorsed the transition after his eight-year tenure.
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PenCom and TUC Partner for Pension Reforms to Secure Workers' Retirement
The National Pension Commission and Trade Union Congress have intensified their collaboration to implement pension reforms ensuring income security and dignified retirement for Nigerian workers, with initiatives like health insurance and minimum pension g
NDIC Finalizes Liquidation of 89 Closed MFBs and PMBs
The Nigeria Deposit Insurance Corporation has started the final phase of liquidating 89 microfinance and primary mortgage banks, following their licence revocations in 2023, with successor institutions now operational.
CBN Proposes 30-Member Mediation Panel for Loan Disputes
The Central Bank of Nigeria has released draft guidelines for a Mediation and Dispute Resolution Panel to handle disputes between customers and banks, aiming to boost consumer protection and financial system confidence under the STMA Act.
CBN Proposes Mediation Panel for Loan Disputes
The Central Bank of Nigeria has proposed a mediation panel to handle loan-related disputes under the Secured Transactions in Movable Assets Act, aiming to provide a cost-effective alternative to court proceedings and strengthen the financial ecosystem.
EFCC Warns Banks on Risky Lending and Bad Loans
The EFCC has issued strong warnings to Nigerian banks against granting loans without credible collateral, citing risks to depositors' funds and a rise in non-performing loans.
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Dr. Asu Kunemofa Honored for NDDC Financial Governance
Dr. Asu Kunemofa, Director of Finance at NDDC, receives recognition for strengthening financial governance and transparency, with tributes highlighting her two decades of public service impact.
Recapitalized Banks May Not Boost Nigeria's Economy
Despite raising N4.65 trillion in fresh capital, Nigerian banks face constraints from high interest rates and tight monetary policies, limiting their ability to drive economic development through credit expansion.
NAHCO Announces N12.2bn Dividend and Bonus Shares for Shareholders
NAHCO Plc declares a N12.18 billion cash dividend and 278.44 million bonus shares for 2025, with revenue and profits showing significant growth compared to 2024.
Man Mistakenly Credited N4.8 Million Raises Alarm Over Refund
A Nigerian man received N4.8 million in error via OPay and is hesitant to refund due to suspicious account details from the caller, sparking online debate and safety concerns.
Arewa Youths Hail Court Ruling on Pipeline Surveillance Contract
The Arewa Youths have commended a Federal Capital Territory High Court ruling that upheld the continuity and long-term renewal of Nigeria's pipeline surveillance contract, calling it a victory for national economic stability.
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Retrieve Forgotten BVN Instantly in Nigeria: Full Guide
Forgot your Bank Verification Number? Learn multiple safe methods to retrieve your BVN instantly using USSD codes, bank apps, online portals, or bank visits in Nigeria.
Champion Breweries Completes N15b CP Redemption
Champion Breweries PLC has fully redeemed its N15 billion commercial paper issuance, repaying N10.78 billion in Series 2 and N4.22 billion in Series 1, reflecting strong liquidity and investor confidence.
Nigeria's Leasing Hits N26.54 Trillion Amid Credit Crunch
Nigeria's leasing industry surged by 26.5% to N26.54 trillion in 2025, driven by businesses seeking alternative financing amid tight credit and high borrowing costs, with oil and gas leading sectoral growth.
ESVARBON Stresses Ethics and Standards for Surveyors
ESVARBON reinforces ethical standards and warns against misconduct during its 50th anniversary, inducting 420 new surveyors and addressing manpower and tech challenges.
Fayose: Nigerian vs South African Soldier Salaries
Businessman Isaac Fayose claims South African soldiers earn N2 million monthly while Nigerian soldiers earn N2 million yearly, linking low pay to aggression among security personnel.
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Top 10 Microfinance Banks in Nigeria: Loans & Savings
Discover Nigeria's leading microfinance banks offering loans, savings accounts, and SME capital with digital banking services. These institutions promote financial inclusion nationwide.
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