April 18
Nigeria: Access Bank to Reward 15,786 Customers in Diamond Xtra Season 16 Promo
The management of Access Bank has set aside N200 million in cash and three SUVs to reward 15,786 customers in its Season 16 DiamondXtra campaign. Read more »
Nigeria: Monetary Tightening Freezes Commercial Banks N17.3trn
As CBN lowers banks' loan-to-deposit ratio to 50% Read more »
Nigeria: NPA Secures $700m Facility From Citibank to Rehabilitate Apapa, Tin-Can Ports
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. Read more »
Nigeria: FMBN Commences Recapitalisation Exercise
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Usman Osidi, has disclosed that the bank has commenced recapitalisation exercise to boost efficiency in… Read more »
April 17
Nigeria: Fidelity Bank Grows Profit to N99.5bn in Fy 2023
Fidelity Bank Plc. has released its 2023 full year Audited Financial Statements, reporting a profit after tax of N99.5 billion representing a 112.9% annual growth. Read more »
West Africa: Nigeria's Fx Reserves Dip By Over $2bn in One Month, Lowest in 6 Years
Nigeria's foreign exchange (FX) reserve has plunged by approximately $2.16 billion in 29 days, amidst the Central Bank of Nigeria's (CBN) robust efforts to stabilise the naira. Read more »
April 10
Nigeria: Fy 2023 - UBA Records N608bn Profit, Shareholders' Funds Hits N2.0tn
United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing profit after tax (PAT) grew by 257 per cent from… Read more »
Nigeria: CAC Places First Bank Records On Caveat Over Litigation
The Corporate Affairs Commission, CAC, has placed the records of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the crisis rocking the board of the bank… Read more »
April 08
Nigeria: Betta Edu - N30bn Recovered, 50 Bank Accounts Under Probe - EFCC
The Economic and Financial Crimes Commission (EFCC) says it has recovered N30 billion in the alleged money laundering case against the suspended Minister of Humanitarian Affairs,… Read more »
March 25
Nigeria: NDC Urges EFCC to Return Recoveries
The Nigeria Deposit Insurance Corporation (NDIC) has solicited the return of recoveries made by the Economic and Financial Crimes Commission (EFCC) on its behalf to the… Read more »
March 05
Nigeria: Accountants Tasked On Adoption of Tech
The Managing Director of First City Monument Bank (FCMB), Yemisi Edun, has advised accountants in the country to make lifelong learning and adopting technology for accurate… Read more »
March 04
Nigeria: First Bank Reiterates Support to Businesses for Economic Growth
First Bank of Nigeria Plc has reiterated its commitment to supporting businesses through various initiatives and providing financial solutions for a thriving business environment… Read more »
March 03
Nigeria: Mutilated Banknotes Hindering Our Businesses - N/East Traders
Traders in the North East geopolitical zone of the country have said that the increasing amount of mutilated banknotes in circulation is hindering small business transactions in… Read more »
February 28
Nigeria: Senate Moves to Increase Bank Recapitalisation to N1trn
Proposes 6-year single term for CBN gov Read more »
Nigeria: Lagos Boys' BDC Agenda - A Global Caution
In an attempt to solve the weak, unstable, and unattractive naira, the CBN is now imposing several regulatory and supervisory guidelines for banks, cryptocurrencies and BDCs. Read more »
Nigeria: Senate Constitutes Panel to Probe CBN's N30trn Loan to FG
The Senate has constituted a nine-man committee to investigate the N30 trillion Ways and Means advances the Central Bank of Nigeria (CBN) extended to the federal government. Read more »
Nigeria: CBN Resumes Sales of Dollars to BDCS At N1,301/$
Raises interest rate to 22.75% Experts fault new monetary rate Read more »
February 26
Nigeria: MPC to Raise Interest Rate By 150 Basis Points - Experts
Financial experts have projected that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will significantly increase the monetary policy rate by 150 to 200bps… Read more »
February 22
Nigeria: $2.4bn Forward Contract Put Manufacturers, Commercial Banks in a Fix
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso told the national assembly that the Apex bank had uncovered invalid foreign overdue claims totalling $2.4… Read more »
February 20
Nigeria: Buhari's Ghost - It's the Economy, Stupid
The sum of $6.2 billion disappeared from the coffers of the Central Bank of Nigeria under Muhammadu Buhari, and believe me, we have been told by his chief scribe that the president… Read more »
Nigeria: Fmbn Seeks Recapitalisation, Says N2.5bn Inadequate
The Federal Mortgage Bank of Nigeria says it is currently working with the National Assembly and relevant bodies to raise the capitalisation of the bank from the current amount of… Read more »
February 14
Nigeria: Ndic Partnering CBN to Tackle Potential Risks in Banking Sector - Md
The Nigeria Deposit Insurance Corporation (NDIC) has said it is partnering with the Central Bank of Nigeria (CBN) to proactively address potential risks within the banking system. Read more »
February 12
Nigeria: Access Bank to Announce Wigwe's Successor As Okonjo-Iweala, Otedola, Others Mourn
The board of Access Holdings Plc says it will soon announce an acting Group Chief Executive Officer to replace its late CEO, Herbert Wigwe. Read more »
February 10
Nigeria: Access Holdings CEO Herbert Wigwe and Family Die in U.S. Chopper Crash
Herbert Wigwe, the immediate past Managing Director of Access Bank and current Chief Executive Officer of Access Holdings, is dead. Read more »
January 26
Nigeria: Sanusi Backs Relocation of CBN's Departments to Lagos
A former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has supported the planned relocation of five CBN departments from the head office in Abuja to Lagos. Read more »