The Central Bank of Nigeria's withdrawal of N3.7 trillion through treasury and OMO bill sales has pushed the banking system into a N2.5 trillion liquidity deficit, tightening money market conditions significantly.
The Central Bank of Nigeria has approved a temporary two-month dispensation allowing importers to use NAFDAC licences that expired in December 2025 for Form M processing.
The Central Bank of Nigeria has authorized a two-month grace period for importers to use expired NAFDAC licenses in processing Form M applications due to system migration challenges.
Two major Nigerian banks have acquired Kenyan lenders as part of a strategic push to deepen their continental footprints. This move highlights Kenya's growing importance as East Africa's banking hub amid regulatory reforms and currency stability.
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A Chilean court has ruled that a distribution assistant who received 330 times his salary due to a payroll error can keep the money after resigning, dismissing theft charges in a landmark case.
Moniepoint MFB announces multiple job vacancies across technical and administrative roles following its Central Bank of Nigeria licence upgrade to operate nationwide.
The merger between Providus Bank and Unity Bank is in its final stages, awaiting court sanction as Nigerian banks race to meet the Central Bank's March 2026 recapitalisation requirements.
The merger between Providus Bank and Unity Bank enters final phase with court sanction pending, as Nigerian banks race to meet CBN's March 2026 recapitalisation requirements.
The Central Bank of Nigeria will introduce regulations requiring banks to align debit card issuance with ATM capacity to reduce downtime and restore confidence in electronic payments.
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Nigeria's financial regulators intensify anti-fraud efforts with 13,417 individuals listed on central Person of Interest Portal. Fraud losses surged to N52.26 billion in 2024 despite declining cases.
CBN resolves 9,771 complaints in H1 2025 as electronic transaction issues and fraud cases dominate customer grievances. Total claims reach N21.42 billion with N7.17 billion refunded.
Keystone Bank has relocated its Awolowo Road branch in Ikoyi to a state-of-the-art facility at 1 Keffi/Manuwa Street, Lagos, as part of its strategy to improve customer service and operational efficiency.
LivingTrust Mortgage Bank Plc announces a profit after tax of N1.01 billion for 2025, an 18.3% increase from 2024, with significant growth in assets, loans, and deposits.
Parallex Bank Plc has sponsored the 2025 Future Africa Leaders Awards, honoring 10 young Africans for community impact. The bank's MD emphasized Nigeria's youth potential and commitment to empowerment.
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The Central Bank of Nigeria's ongoing recapitalisation programme aims to create bigger, resilient banks capable of supporting Nigeria's trillion-dollar economy ambition. With 20 banks already meeting requirements, the exercise progresses toward the March
The Trade Union Congress warns NAFDAC's ban on alcohol in sachets could lead to massive job losses and investment collapse, accusing the agency of targeting indigenous producers.
The EFCC has accused financial institutions of facilitating massive fraud schemes by neglecting KYC procedures, leading to over N18.7bn in losses for more than 900,000 Nigerians.
The Trade Union Congress and Nigeria Labour Congress have issued a 14-day ultimatum to the Federal Government over non-implementation of CONHESS salary structure for health workers, threatening nationwide strike action.
NIBSS reveals social engineering remains Nigeria's biggest banking fraud technique, with insider abuse posing the greatest threat despite a significant 51% reduction in losses to N25.85 billion in 2025.
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The Central Bank of Nigeria has disclosed payments of N3.31 billion to insured depositors and significant sums to uninsured depositors of failed financial institutions during the first half of 2025.
Nigeria's Zenith Bank secures regulatory approval to acquire Paramount Bank in Kenya, marking a strategic expansion into East Africa and diversifying earnings beyond Nigeria.
Nigeria's FCCPC extends compliance deadline to April 2026 for digital lenders, names 100 loan apps on watch list to regularise operations under new regulations.
The Central Bank of Nigeria has raised alarm over emerging fraud threats in the banking sector, calling for faster industry responses as digital transactions surge nationwide.
The Central Bank of Nigeria has directed major financial institutions including Access, Zenith, and UBA to reduce fraud response times to under 30 minutes to combat rising digital threats and enhance customer protection.
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PalmPay and OPay MFB announce 2025 Graduate Trainee Programmes offering Nigerian graduates career opportunities in fintech and financial services with structured training.
FairMoney Microfinance Bank reveals it disbursed over N150 billion in loans and paid N7 billion in interest on savings in 2025, leveraging AI and machine learning to serve underserved customers.
The Nigerian naira weakened in the official forex market on Monday due to high demand and limited supply, while GTBank adjusted its exchange rate for international payments.
Nigerian banks have commenced deducting 7.5% VAT on card maintenance fees and selected electronic banking charges following NRS directive, with deposits and transfers remaining exempt.
The Central Bank of Nigeria's recapitalisation drive puts seven banks at risk of licence downgrades as they struggle to meet the new capital requirements by the fast-approaching deadline.
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CBN data reveals a massive gap between bank lending and deposit rates. Borrowers in key sectors face crippling costs while savers earn minimal returns. Discover the full breakdown.
