Bad Loans Rise in Nigerian Banks Despite Increased Lending
Nigerian banks face rising loan defaults from households and businesses, pushing NPL ratio to 7%. The CBN warns of risks but assures system stability. Read the full analysis.
Category : Banking
Bank Customers Unhappy as New VAT Charges Begin
Nigerian bank customers express frustration as commercial banks implement 7.5% VAT on electronic services, adding to existing fees. Calls grow for CBN oversight. Read the full report.
CBN to Offer N1.15 Trillion in Treasury Bills
The Central Bank of Nigeria plans a major Treasury Bills auction this week to manage liquidity. Analysts predict strong investor demand. Read the full analysis.
FCMB Meets CBN Capital Rules Ahead of 2026 Deadline
FCMB Group Plc has successfully met the Central Bank of Nigeria's new capital requirements, securing its national banking licence. Discover which 20 banks are now compliant ahead of the March 2026 deadline.
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20 Nigerian Banks Meet CBN's New Capital Rules
The Central Bank of Nigeria confirms 20 commercial banks have successfully met the new recapitalisation requirements. Discover the full list and what it means for Nigeria's trillion-dollar economy goal.
ATM Withdrawals Jump 198% to ₦36.34 Trillion in H1 2025
Nigerians' ATM cash withdrawals surged to ₦36.34 trillion in H1 2025, defying CBN's fee hikes. Public backlash grows as policy hits low-income earners hardest. Discover the data and implications.
ASO Savings & Loans Delisted, Shareholders Lose Investments
NGX delists ASO Savings and Loans Plc following CBN's licence revocation. Shareholders face total loss as regulatory crackdown intensifies. Full details inside.
Nigerian Banks Secure Licences Under New CBN Capital Rules
Discover which Nigerian banks have secured international and national licences under the CBN's new capital requirements. Stay informed on the banking sector's transformation.
Leasing Industry Targets Stronger Growth in 2026
Nigeria's leasing industry, with volumes exceeding N5 trillion, is set for stronger growth in 2026. Driven by economic stability and key reforms, it's a vital financing channel for businesses. Read more.
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PalmPay's Purple December 2025: A Nigerian Festive Tradition
PalmPay's Purple December 2025 campaign evolved from simple giveaways into a shared digital experience for Nigerians, fostering community, celebrating savings goals, and embedding itself into the festive timeline. Discover the moments that defined it.
23 Nigerian Banks Successfully Recapitalise Ahead of CBN Deadline
Major Nigerian banks like FirstBank, UBA, and Access Bank have successfully met the CBN's N500bn capital requirement. See how this strengthens Nigeria's financial system and supports economic growth.
23 Banks Meet CBN Capital Target, 3 to Merge
Nigeria's banking sector consolidates as 23 banks meet new CBN capital requirements. Access, Zenith lead. Three banks set to merge ahead of March 2026 deadline. Full details inside.
Providus Bank 2026 Graduate Trainee Programme: Apply Now
Providus Bank has launched its 2026 Graduate Trainee Sales Programme for young Nigerian graduates. Applications are open until January 18, 2026. No prior experience required.
How Tech Banking Drives Nigeria's $1 Trillion GDP Goal
FairMoney MD Henry Obiekea explains why technology-enabled banking is critical for financial inclusion and achieving Nigeria's 2030 economic target. Discover the role of digital finance in national growth.
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LAPO MfB Appoints Edward Aghimien to Board
LAPO Microfinance Bank appoints seasoned economist Edward Aghimien as Non-Executive Director. His 40+ years of experience in FMCG and business development will bolster the bank's governance and financial inclusion goals. Read more.
PalmPay & Premier Cool Offer N10,000 Cash Rewards
PalmPay and Premier Cool are giving away N100 million. Learn how 10,000 Nigerians can win N10,000 instantly by using the soap. Campaign runs from Jan 12 to Apr 11, 2026.
CBN Releases 2026 Savings Interest Rates for Nigerian Banks
The Central Bank of Nigeria has published the latest savings account interest rates. Discover which banks offer the highest returns and how the market averages 8% in 2026.
Nigeria Removed from EU Financial High-Risk List
The EU has removed Nigeria from its high-risk money laundering list, boosting trade and investor confidence. This follows Nigeria's exit from the FATF grey list.
Over 20 Nigerian Banks Now Meet CBN Recapitalisation Target
More than 20 Nigerian banks, including Sterling Bank, FirstBank, and UBA, have successfully met the Central Bank's new capital requirements. Discover the impact on sector resilience and the economy.
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How Tech Banking Drives Nigeria's $1 Trillion GDP Target
FairMoney MD Henry Obiekea explains why technology-enabled banking is critical for financial inclusion and achieving Nigeria's 2030 economic goals. Discover the role of digital finance.
Dalu Ajene Named Standard Chartered Africa CEO
Standard Chartered has promoted Dalu Ajene to CEO for Africa. He led the Nigerian unit to meet CBN's N200bn recapitalisation early. Read his vision for the continent.
OPay Privacy: How to Hide Transactions
Learn how to hide OPay transactions for privacy and understand why permanent deletion is not possible due to Nigerian financial regulations. A step-by-step guide.
Paystack Acquires Ladder MFB for Banking Licence
Paystack expands beyond payments by acquiring Ladder Microfinance Bank, securing a banking licence to offer deposits and loans. This strategic shift follows regulatory scrutiny and intensifies competition in Nigeria's fintech sector.
Paystack Launches Microfinance Bank in Nigeria
Nigerian fintech giant Paystack marks its 10th anniversary by launching Paystack Microfinance Bank, expanding from payments into full banking services. Read more.
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Experts Back Bank Recapitalisation, Urge Caution
Financial experts endorse the CBN's bank recapitalisation drive as crucial for economic stability but caution that poor regulation and macroeconomic woes could undermine its success. Learn the key insights.
CBN Releases 2026 Bank Lending Rates for Transparency
The Central Bank of Nigeria has published the latest prime and maximum lending rates for Access Bank, UBA, GTB, Zenith, and others as of January 9, 2026, to guide borrowers. See the full list.
Nigerian Banks Eye Fresh Lending Growth in 2026
Nigeria's banking sector is set for a lending rebound in 2026 as inflation and FX pressures ease. Economists forecast 10-15% private sector credit growth. Read the full analysis.
Access Bank, Visa Launch Corporate Card for Nigerian Businesses
Access Bank partners with Visa to launch a new Corporate Credit Card for Nigerian enterprises, offering up to 45 days interest-free credit and digital expense tracking to boost cash flow and governance.
21 Banks Meet CBN Capital Target, Secure ₦5.142 Trillion
Nigeria's banking sector shows strength as 21 banks exceed CBN's recapitalisation requirements ahead of the March 2026 deadline, securing over ₦5 trillion. Discover the leaders and the impact.
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Nigerian Bank Plans 500 New Branches for Ethical Finance
The Alternative Bank (AltBank) unveils an ambitious plan to expand to 500 branches nationwide by 2026, targeting financial inclusion and ethical, non-interest banking services for all Nigerians.
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