NDIC has started liquidating 46 microfinance banks whose licences were revoked by CBN. Eligible depositors will undergo verification before payment of insured deposits. Public warned against transacting with failed banks.
A Nigerian man shared the full list of 46 microfinance banks whose licenses were revoked by the Central Bank of Nigeria, advising Nigerians to verify their status and stay informed.
Providus Bank and Unity Bank have merged into ProvidusUnity Bank, updating social media accounts. The merger aims to create a robust financial institution with uninterrupted services.
The Central Bank of Nigeria revokes licences of 46 microfinance banks for regulatory breaches, effective July 1, 2026, to strengthen the financial system and protect depositors.
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The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has urged banks to deepen digital payment adoption, including QR codes, following a visit to NIBSS in Lagos.
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OPay introduces Emergency Lock and Safety PIN to help Nigerians protect funds instantly during security threats, with a 24-hour freeze that cannot be reversed.
Providus Bank and Unity Bank have officially merged to form ProvidusUnity Bank, aiming to deepen financial inclusion and support Nigeria's economic growth with enhanced services.
Access Bank's AutoFest scheme covers up to 90% of vehicle costs with 10% equity, targeting Nigeria's soaring car prices and low new-car sales.
Jaiz Bank's regulatory penalties surged to N530.9 million in 2025, a 1,220% increase from N40.2 million in 2024, driven by new CBN sanctions.
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Zenith Bank has opened a new branch in Osubi, Delta State, expanding its network to better serve customers and support economic growth in the region.
The Central Bank of Nigeria has ordered banks to freeze accounts linked to six individuals and companies suspected of financing terrorism, following a court order.
Providus Bank and Unity Bank have received regulatory approval to merge, with joint operations starting immediately. The merger aims to strengthen the combined entity's financial standing and market reach.
The naira appreciated by 0.03% against the US dollar at the official NAFEX window on Friday, June 26, 2026, trading at N1,380.93/$1, a gain of 50 kobo from the previous session.
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The Federal Government acknowledges the ₦70,000 minimum wage is insufficient due to inflation, signalling a fresh review. Chief of Staff Femi Gbajabiamila says the government will partner with labour in upcoming negotiations.
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CBN warns against naira abuse and mutilation, citing rising replacement costs. Governor Cardoso launches Naira Ambassadors Club to educate students on proper currency handling.
The CBN has directed all banks to freeze assets of six individuals and four BDCs designated for terrorism financing under NIGSAC and OFAC sanctions lists.
The SEC has issued a cease and desist against unauthorised promotions of a purported Dangote Refinery IPO, ordering capital market operators to refund all collected deposits within 24 hours.
Xpress Payment Solutions plans to expand AI and IoT use after processing trillions of naira in transactions over a decade, its CEO announced at a 10th anniversary lecture in Lagos.
75 Nigerians were screened for Saint Lucia's Citizenship by Investment Programme in 2023/2024, ranking seventh globally and making Nigeria the only African country among top applicants.
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CREDICORP has enabled 227,000 Nigerians to access consumer credit, expanding its mobility programme with three-wheelers in Ijebu-Ode, Ogun State, in partnership with IDIPR and Imowo Microfinance Bank.
inDrive invites Lagos residents to apply for Chief Wahala Officer, highlighting transport challenges and rewarding resilience with cash prizes.
Borno Governor Babagana Zulum commissions 100 IDP housing units, solar mini-grid, and Climate Peace Hubs in Sokoto's Illela council, lauding Governor Aliyu's performance.
Femi Otedola acquires 680.8 million shares in First HoldCo via private placement at N44 per share, raising his ownership to 20.42% and strengthening control.
Nigeria lost N134.48bn to banking fraud between 2020 and 2025, per CBN report. Losses peaked in 2024 at N52.26bn due to a major internal case, then dropped in 2025 amid stricter controls.
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S&P Global reveals Nigerian marketers import Dangote refinery products via Lomé, Togo, with 70-80% of sea-borne fuel coming from the refinery between March and May 2026.
A UK court has acquitted Nigeria's former petroleum minister, Diezani Alison-Madueke, of bribery charges, ending a long-running legal battle.
FirstHoldCo Plc has completed the N45 billion second tranche of its N350 billion Private Placement, with proceeds to be injected into FirstBank to strengthen its capital base ahead of the 2026 deadline.
Nigerian banks earned N224.69 billion from ATM and e-banking charges in Q1 2026, a 12.56% rise from 2025. Access Holdings led with N55.71 billion, while Fidelity Bank recorded the highest growth.
The FCCPC may audit telecom operators like MTN and Airtel due to rising complaints of unexplained data depletion, urging consumers to report issues formally.
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Emir of Kano Aminu Ado Bayero urges national unity at the unveiling of the Newton Jibunoh International Convention Centre in Asaba, Delta State, emphasizing collaboration between North and South.
