Banks Warn Nigerians Against Public Wi-Fi for Transfers
Nigerian banks warn customers against using public Wi-Fi for transactions this festive season as fraud spikes. Learn how to protect your account from cybercriminals.
Category : Banking
Foreign Capital Inflows to Nigeria Jump 70% in 2025
CBN Governor Yemi Cardoso reports a 70% surge in foreign capital inflows to $20.98bn for 2025. The removal from the FATF grey list is a key driver. Will this translate to better living standards for Nigerians?
Wema Bank Hackaholics 6.0 Awards N120m to Tech Talents
Wema Bank's Hackaholics 6.0 has empowered young Nigerian innovators, awarding N120 million in cash prizes. Discover the winners and the bank's commitment to STEM and youth development.
World Bank Approves $500m for Nigerian MSMEs
The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.
Supreme Court rules for Fidelity Bank in N30bn debt suit
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
PenCom Hails FG's N758bn Pension Bond Disbursement
PenCom DG Omolola Oloworaran reveals the N758bn pension bond has been cashed, with over N600bn released to beneficiaries. Pension assets now stand at N27 trillion.
NOVA Bank Opens Owerri Office, Gets Land for HQ
Imo State Governor Hope Uzodinma pledges land for NOVA Bank's permanent regional headquarters in Owerri. The new flagship office aims to boost SME support and job creation across South-East and South-South Nigeria.
NIBSS assures seamless festive e-payments
NIBSS promises hitch-free digital transactions this yuletide, backed by N384 trillion quarterly volume. FCCPC warns transporters against arbitrary fare hikes. Read more.
CBN Issues New Order to Banks on Foreign Card Use
The Central Bank of Nigeria directs Access, Zenith, UBA & others to improve foreign card acceptance, aiming to resolve transaction failures for tourists and returning Nigerians.
CBN Orders Banks to Accept Foreign Cards on ATMs, POS
The Central Bank of Nigeria mandates banks to reconfigure ATMs and POS terminals for international cards. New security measures for transactions above $200 daily are also introduced.
Food Bank Launched for Vulnerable Women in Lagos
Tender Hearts Foundation partners with FCMB to launch a food bank initiative in Lagos, aiming to combat hunger among vulnerable women and families. Discover how this partnership empowers communities.
Mastercard Boosts Africa Digital Payments by 45% in 2025
Mastercard expanded its African acceptance network by 45% in 2025, driving SME growth and financial inclusion. Discover how this powers the continent's $1.5 trillion digital future.
Naira's 2025 Recovery: How CBN Policies Made the Difference
The Naira staged a remarkable recovery in 2025, closing stronger than 2024. Discover the 4 key CBN FX policies that drove stability and what experts predict for 2026.
HFM Score & Roar Promotion: Win BMW, UK Trip
HFM's exciting Score & Roar promotion combines football passion with trading. Register now for a chance to win a BMW 4 Series, an all-expenses-paid UK Premier League trip & more. Ends Feb 28, 2026.
Otedola Acquires N14.8bn First HoldCo Shares, Stake Hits 18%
Billionaire Femi Otedola consolidates control of First HoldCo, buying N14.8bn shares to raise his ownership stake above 18%. Discover the details of this strategic move.
How Nigeria's Banking Giants Conquered CBN Recapitalisation
An in-depth review of Nigeria's banking recapitalisation exercise. Discover which 16 banks have met the CBN's new capital requirements and the impact on the financial sector. Read the full analysis now.
Africa's Digital Payments Hit $2 Trillion, Nigeria Leads
A new report reveals Africa processed $2 trillion via instant payments in 2024. Nigeria's NIP system is rated highly, but fraud concerns remain a key barrier to wider adoption. Learn more.
Accion MFB Calls for Urgent Reforms to Finance MSMEs
Accion Microfinance Bank pushes for digital onboarding and value-chain financing to unlock credit for Nigeria's informal sector, crucial for 80% of jobs. Read the key reforms needed.
Russian court fines Austrian bank Raiffeisen $400m
A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.
Customs Slaps Banks with Penalty for Late Revenue Remittance
The Nigeria Customs Service warns designated banks over delayed remittance of collected revenue. Defaulters face a penalty interest of 3% above NIBOR. Details inside.
Customs Imposes 3% Penalty on Banks for Late Duty Remittances
The Nigeria Customs Service announces a 3% penalty for banks delaying stamp duty remittances. Defaulters risk public exposure and deactivation from the B'odogwu platform. Read the full details.
PalmPay's ₦400m Festive Campaign Offers Travel Prizes
PalmPay unveils a ₦400 million festive rewards campaign, offering users cash prizes and all-expense-paid international trips for everyday app transactions. Join the World Travel Carnival from Dec 17 to Jan 8.
CBN Guide: How to Report Banks for Failed Transactions
The Central Bank of Nigeria has outlined clear steps for customers to escalate complaints against banks over wrongful debits, failed transactions, and excessive charges. Learn the process to protect your rights.
NDIC Ends Ikoyi Property Deal with Senator Bunza
NDIC insists sale of Banana Island property to Senator Farouk Bello Bunza is terminated. The corporation cites failure to accept revised terms. Read the full details of the ₦4.3 billion dispute.
Parallex Bank Leads Nigeria's Digital Banking Renaissance
Dr. Olufemi Bakre, MD/CEO of Parallex Bank, outlines the bank's pivotal role in shaping Africa's digital banking future. Discover his leadership philosophy and the bank's growth trajectory.
Banks Rush to Raise N4.14trn for CBN Recapitalisation
Nigerian banks are in a race against time to raise N4.14 trillion before the CBN's March 2026 recapitalisation deadline. Discover how this move aims to build a $1 trillion economy.
NDIC Details N2m Payout for Failed Mortgage Banks
The NDIC has initiated a payout of up to N2 million per depositor for customers of Aso Savings and Union Homes. Learn about the verification process and what happens to balances above the insured limit.
Union Bank Unveils 'Endless Possibilities' Campaign
Union Bank of Nigeria launches its 'Endless Possibilities' campaign, celebrating Nigerian resilience and ambition. Discover how the 108-year-old bank supports growth.
Zenith Bank Wins Tech Trailblazer Award at Nexus 2025
Zenith Bank has been honoured with the Technology Trailblazer Award at the Qore Nexus 2025 event. The award recognises the bank's innovative use of next-generation tech to enhance digital banking in Nigeria. Discover how they are shaping the future of fin
Fidelity Bank to Restrict Accounts Without TIN/NIN in 2026
Fidelity Bank will restrict transactions for accounts not linked to a Tax ID or National Identity Number from January 1, 2026. Learn how to update your details to avoid service disruptions.
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