Banking
Nigeria’s Finance Minister Wale Edun Urges Banks to Prioritise Innovation and SMEs Over Big Corporates
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on the country’s banking sector to shift its lending...
First Bank Expands Digital Banking Reach with New 24/7 Centre at BUK
First Bank of Nigeria has unveiled a fully automated Digital Xperience Centre at Bayero University, Kano (BUK), designed to offer seamless 24-hour banking...
Banks Navigate Shifting Credit Landscape in Early 2025
A nuanced picture of Nigeria’s credit market emerged in the first quarter of 2025, as revealed by the Central Bank of Nigeria’s (CBN)...
CBN’s New Capital Rules: Fresh Banks Must Comply Immediately, Existing Banks Given Two Years
The Central Bank of Nigeria (CBN) has issued a clear directive regarding its new capital base requirements: all new banking license applications submitted...
NDIC Commences First Payout to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has announced the commencement of the first tranche of liquidation dividend payments to depositors of the recently...
Osita Chidoka Opens Sterling Bank Account Amid Zero Transfer Fee Surge
Former Minister of Aviation, Osita Chidoka, has publicly announced the opening of a Sterling Bank account, citing the bank’s recent policy of eliminating...
ICYMI: Chidoka Calls for Mass Account Opening as Sterling Bank Ditches Transfer Fees
In a bold move that has ignited a national conversation on banking practices, former Aviation Minister Osita Chidoka is calling on Nigerians to...
Nigeria’s Capital Market Surges as Banks Raise N2.4trn Amid Recapitalisation
The Nigerian capital market has demonstrated significant strength and resilience, facilitating the raising of approximately N2.4 trillion by banks since the commencement of...
Banks Pay N205.59bn Windfall Tax Amidst Lobbying Efforts
Despite significant lobbying efforts, six major banks have collectively paid approximately N205.59 billion in windfall tax for the 2024 financial year, according to...