United Capital Beats SEC Capital Deadline, Fully Compliant
United Capital Group completes recapitalisation of SEC-regulated subsidiaries, meeting revised minimum capital requirements 14 months before the June 2027 deadline.
Category : Banking
GTCO Shareholders Approve N12.76 Dividend, Highest in Banking
Shareholders of GTCO endorsed the bank's N12.76 dividend, the highest in the sector, praising its 2025 performance and urging management to sustain growth.
Court Orders MTN, Airtel to Resume Airtime Lending Services
Federal High Courts in Lagos and Abuja grant interim injunctions restoring airtime lending, restraining FCCPC regulations. House of Representatives urges NCC to extend SIM reallocation period to 18 months.
MTN Launches 'Live It 100' Movement After Historic Event
MTN Nigeria unveils 'Live It 100' manifesto after 100-hour youth-led event at National Stadium, Surulere, featuring music, sports, gaming, and startup pitches.
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Nigerian Telecom Users Await Compensation for Poor Service
Nigerian telecom subscribers express frustration as NCC-directed compensation for poor service remains unpaid, raising concerns about trust in regulators and operators.
Court Orders MTN, Airtel to Resume Airtime Lending
Federal High Courts in Lagos and Abuja have issued interim injunctions restoring airtime lending services and restraining FCCPC from enforcing its DEON regulations.
Payaza Gets Dual Rating Upgrades, Expands in Africa
Payaza Africa Limited earns dual credit rating upgrades from DataPro and Intelligent Africa, and launches new payment solutions to expand its fintech presence across Africa.
Optimus Bank 2025 Profit Surges 69.94% to N24.14bn
Optimus Bank reports N24.14bn profit before tax for 2025, a 69.94% increase. Gross earnings rose 73.53% to N50.67bn, driven by strong core banking growth.
Tinubu's Coach Mentality as Oyedele Takes Finance Helm
RHLN praises Taiwo Oyedele's appointment as Finance Minister, highlighting Tinubu's adaptive leadership and Oyedele's expertise in fiscal policy for Nigeria's economic reforms.
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Afreximbank Boosts Africa's Growth with Strong Finances
Afreximbank reaffirms commitment to reducing Africa's external dependence by financing refining, logistics, and manufacturing projects, citing strong 2025 financial results and investor confidence.
Banks Face Asset Quality, Validation Tests After Capital Raise
Nigerian banks grapple with asset quality and validation tests after raising N4.65 trillion capital, facing excess liquidity, lower yields, and moral hazard concerns.
CSCS aims for market leadership via tech and revenue diversification
CSCS reaffirms commitment to technology investment and revenue diversification to strengthen Nigeria's capital market infrastructure.
Strengthening Nigerian Banks: A Vital Step for Economic Growth
Nigeria's bank recapitalisation programme, led by the CBN, has raised ₦4.65 trillion, boosting financial resilience and supporting long-term economic growth.
UBA Assets Hit N33.2 Trillion, Up 9.4%
UBA reports 9.4% asset growth to N33.2 trillion in 2025, with customer deposits rising to N27.2 trillion and strong gross earnings of N3.09 trillion.
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Fuel Prices Drop at Depots and Filling Stations Across Nigeria
Oil marketers reduce petrol prices at depots and filling stations amid rising crude oil costs. Abuja sees N35 per litre drop.
FCCPC Data Shows Top 10 Loan Apps in Nigeria and Rates
FCCPC releases data on top loan apps in Nigeria, including FairMoney and Palmcredit, with interest rates ranging from 1.5% to 30% monthly amid regulatory reforms.
CBN Removes Charges on 5 Banking Services From May 1
The Central Bank of Nigeria has removed charges on account reactivation, ATM withdrawals, virtual cards, and more, effective May 1, 2026, to boost financial inclusion.
FG Unveils ₦10bn Housing Loan, Expands Civil Servant Welfare
Federal Government announces ₦10 billion housing loan scheme and enhanced welfare benefits for civil servants ahead of Workers' Day 2026.
Nigeria's Capital Market Raises N4.65 Trillion in Banking Recap
Nigeria's capital market mobilised N4.65 trillion in fresh equity over 24 months, with 33 banks meeting new thresholds, proving its capacity to drive national economic transformation.
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CBN Hikes ATM Card Fee to N1,500, Removes Monthly Charge
The Central Bank of Nigeria increased ATM card issuance fee from N1,000 to N1,500, while scrapping monthly maintenance charges and POS transaction fees for customers.
FCT Court Dismisses N7.1bn Suit Against Parallex Bank
FCT High Court strikes out N7.1bn suit by FHT Mega Express against Parallex Bank, citing abuse of process, and awards N500,000 costs to the bank.
CBN Unveils Revised Bank Charges Guide, Tightens Rules
The Central Bank of Nigeria has released a draft revised Guide to Charges for banks, introducing fee caps and stricter disclosure requirements to enhance transparency and consumer protection.
Wema Bank Exceeds CBN Recapitalisation Requirement
Wema Bank has met and exceeded CBN's recapitalisation requirement, raising qualifying capital to N264.7 billion, well above the N200 billion minimum for national banks.
Nitin Sandesara pays Rs 9,800 crore to banks
Nitin J. Sandesara paid Rs 9,800 crore to Indian banks, nearly double the original claim, leading the Supreme Court to close all proceedings and setting a new standard for corporate accountability.
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CBN Hikes ATM Card Fee to N1,500, Ends Maintenance Charge
The Central Bank of Nigeria increases ATM card issuance fee to N1,500 from May 1, removes maintenance charges on naira cards, and updates banking fees.
CBN Orders Monthly Reports on Failed Electronic Transactions
The Central Bank of Nigeria has mandated banks to submit monthly reports on failed electronic transactions, including ATM, PoS, mobile, and web channels, to enhance transparency and consumer protection.
CBN Proposes ₦1,500 ATM Card Fee, 50% Increase
The Central Bank of Nigeria proposes raising ATM card issuance and replacement fees to ₦1,500, a 50% increase from ₦1,000, effective May 1, 2026, aiming to modernize the financial system.
CBN Raises ATM Card Fee to N1,500, Ends Monthly Charges
The Central Bank of Nigeria increases ATM card issuance fee to N1,500, abolishes N50 monthly maintenance, and introduces free virtual cards to boost digital banking.
United Capital Group Reports N28.15b PAT in 2025
United Capital Group reports N28.15 billion PAT in 2025, a 17% increase, with revenue up 35% to N58.55 billion. A final dividend of N0.70 per share declared.
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NCC Orders MTN, Airtel to Compensate Nigerians for Poor Service
The NCC has directed telecom operators to compensate subscribers with airtime credits for poor network quality, following verified service failures between November 2025 and January 2026.
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