September 11
Nigeria: EFCC Investigates Banks, Top Officials
The Economic and Financial Crimes Commission (EFCC) has said the commission will soon begin the prosecution of some banks' top officials for circumventing the rules of financial… Read more »
September 02
Nigeria: Court Summons Cardoso Over Binance Case
A federal high court in Abuja has summoned Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), to appear before it regarding the money laundering case brought against… Read more »
Nigeria: Recapitalisation - 5 Banks Expend N23bn to Raise N1trn
In a bid to meet the Central Bank of Nigeria's (CBN) recapitalisation exercise deadline, five banks are investing approximately N23 billion to raise N1 trillion for their… Read more »
August 25
Nigeria: Banks, Fintech to Integrate Data Bundle Service On Platforms
Banks and fintech companies can now integrate data bundle service directly into their platforms, with the Application Programming Interface (API) designed by S.Mobile for MTN data… Read more »
August 20
Nigeria: Union Bank Grows Profit By 20 Percent to N79bn
Union Bank has posted a N79.8 billion profit before tax for the half year period of 2024, a 20 per cent increase over N66.5 billion which it recorded in the comparable period of… Read more »
Nigeria: Cardoso, Deputies Under Scrutiny Over Alleged 'Generous' Approvals
The current leadership of the Central Bank of Nigeria (CBN) seems to be embroiled in a scandal that has sent shockwaves through financial and political circles. Read more »
August 13
Nigeria: Zenith Bank Targets Global Operation Expansion With N290bn Hybrid Offer
Zenith Bank Plc, has said part of its ongoing N290 billion hybrid offers will be used for the growth and expansion of its global operation. Read more »
Nigeria: 10 Banks Pay N1.66trn Into Amcon's Trust Fund in 10 Years
Within 10 years, precisely between 2014 and 2023, 10 deposit money banks paid N1.66 trillion into the Banking Sector Resolution Cost Trust Fund (BSRCTF), also known as the Assets… Read more »
August 04
Nigeria: Windfall Tax - Bank Directors Deny Elumelu, Otedola Comments
Following the backing given to the federal government's windfall tax by some chairmen of banks, the Bank Directors Association of Nigeria (BDAN) has said the views expressed are… Read more »
July 24
Nigeria: Experts Applaud As CBN Raises Interest Rate to 26.75 Percent
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), yesterday raised its interest rate to 26.75 per cent, a 50 basis point increase aimed at combating soaring… Read more »
Nigeria: NAICOM Affirms Insurance Sector's Commitment to Grow $1trn Economy
The National Insurance Commission (NAICOM) on Tuesday affirmed its commitment to align the insurance sector with President Bola Tinubu's economic reforms Read more »
July 16
Nigeria: Zenith Bank Aims to Surpass N1trn Profit in 2024
Having posted a profit before tax (PBT) of N796 billion at the end of its 2023 financial year, the group managing director/CEO, Zenith Bank Plc, Dr Adaora Umeoji, has said the bank… Read more »
Nigeria: Brokers Seek Federal Govt Support to Achieve Stability
Insurance brokers, under the auspices of the Nigerian Council of Registered Insurance Brokers (NCRIB), have said addressing the challenges of the insurance sector in the country… Read more »
July 02
Nigeria: CBN to Sanction Banks, BDCS for Rejecting Old, Small Dollar Denominations
The Central Bank Of Nigeria (CBN) has said that it will sanction any Deposit Money Bank (DMB) and Bureau De Change (BDC) operators in the country who reject old and small… Read more »
Nigeria: Dangote Condemns CBN's Interest Rate Hike
Forbes' Africa's richest man and chairman of Dangote Group, Aliko Dangote, has strongly criticised the Central Bank of Nigeria's (CBN) recent interest rate hike, which has… Read more »
Nigeria: Cardoso Urges Stronger Anti-Money Laundering Law
Governor of the Central Bank of Nigeria Olayemi Cardoso has called for regulations to strengthen anti-money laundering and cybersecurity crimes within the West African Monetary… Read more »
June 30
Nigeria: Account for Missing N100bn Dirty Notes, Others, SERAP Tells CBN
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso to account for the whereabouts of the over… Read more »
June 27
Nigeria: Experts Laud New CBN Policy On Diaspora Remittances, Urge Close Monitoring of IMTOs
Economic experts have commended the Central Bank of Nigeria on its latest decision to allow eligible International Money Transfer Operators (IMTOs) to sell foreign exchange… Read more »
Nigeria: Form 'M' No Longer Requires PVs - CBN
The Central Bank of Nigeria (CBN) has announced the discontinuation of the Price Verification System (PVS), saying effective July 1, 2024, Form 'M' would be validated without the… Read more »
June 23
Nigeria: Gtco Rated Strongest Brand, Best Banking Brand in Nigeria
Africa's leading financial services institution, Guaranty Trust Holding Company Plc ("GTCO" or "the Group"), has added to its impressive haul of accolades as it was recently named… Read more »
Nigeria: Stanbic Ibtc Insurance Offers Platform to Secure Children's Academic Future
Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched the Education Endowment plan to deepen financial protection net to secure children's future with their… Read more »
Ghana: Access Bank Ghana Records Total Assets of Ghs12.30bn
Access Bank Ghana Plc has declared total assets of GHS 12.30 billion for the financial year ended December 31, 2023. Read more »
June 19
Nigeria: Enugu Gov's Wife Enrols 1,701 Expectant Mothers On Health Insurance
Enugu State governor's wife, Mrs Nkechinyere Mbah, has launched the "Mama Care Initiative." Read more »
Nigeria: Jigawa Targets 143,500 for Free Health Insurance
Jigawa State government has concluded arrangements to commence registration of 143,500 vulnerable and less-privileged people for free health insurance under the Danmodi Care… Read more »
Nigeria: Access Bank Commits to Educational Devt
Access Bank Plc has continued to demonstrate its commitment to education and community development, breaking ground for the construction of 60 additional classrooms in Maraban Jos,… Read more »