Banking

Nigeria’s Central Bank Scraps Affidavit Requirement for Reactivating Dormant Bank Accounts

Abuja, Nigeria – Nigeria's Central Bank has removed the requirement for customers…

Nigeria’s Central Bank Orders Banks to Deploy More ATMs, Sets 2028 Deadline

Abuja, Nigeria – Nigeria's Central Bank has directed banks and financial institutions…

FMDQ Exchange Approves Funding for Nigerian Financial Firms

Lagos, Nigeria – Regulators at the FMDQ Securities Exchange Limited (FMDQ) have…

UBA, Zenith, Access Corp Forecast to Drive Strongest Bank Stock Returns in 2026

Lagos, Nigeria — United Bank for Africa, Zenith Bank and Access Corp…

Banks To Demand Tax ID Before Allowing Account Operations – Oyedele

Nigerian banks will from January 1, 2026 require all taxable individuals and…

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,…

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…

Banks Navigate Shifting Credit Landscape in Early 2025

A nuanced picture of Nigeria's credit market emerged in the first quarter…

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…

NDIC Commences First Payout to Heritage Bank Depositors

The Nigeria Deposit Insurance Corporation (NDIC) has announced the commencement of the…