Tag: Nigerian Banks
Experts seek deeper banks, fintech collaboration as digital payments grow
The panelists said stronger collaboration between deposit money banks and fintech companies was essential to safeguard trust in the payments…
The 2026 Nigerian bank recapitalization: where does your bank stand?
The CBN set a high bar of ₦500 billion for international banks and ₦200 billion for National banks. Crucially, this…
Inside the Billion-Naira Race to Redefine Nigeria’s Financial Future
As the March 31, recapitalisation deadline looms over Broad Street, the Nigerian banking sector is undergoing a quiet but profound…
“No Nigerian bank facing shutdown”
“Nigerians remain the ultimate beneficiaries of a resilient and well-regulated banking system,” it said, urging the public to bank with…
Reps move against banks over illegal charges, deductions
Nwogu said that the House panel was not leaving any stone unturned to unravel why the commercial banks engaged in…
How nine Nigerian banks earned N14.7 trillion in just nine months
Overall, the first three quarters of 2025 show that Nigerian banks continue to benefit from high-yield lending and investments, but…
Cardoso: 14 banks have fully met new capital requirement
In the current recapitalisation exercise, commercial banks with international authorisation now have a new capital requirement of N500 billion.
Could Nigerian banks be in danger? CBN breaks silence on explosive claims
The apex bank reaffirmed its commitment to continuous oversight of financial institutions through rigorous frameworks designed to detect early warning…
Hidden truth about your bank deposits – NDIC speaks out
NDIC’s statement comes in response to mounting concerns from depositors of the defunct Heritage Bank, particularly those whose balances exceed…
‘Stop making yourselves available as instruments of fraud’, EFCC warns bankers
The EFCC’s Executive Chairman, who spoke through his Chief of Staff, Commander of the EFCC, CE Michael Nzekwe noted that…
Nigeria’s Banks mobilise N1.7 trillion for Capital boost via digital platform
With a cumulative target of N4.14 trillion, the recapitalisation effort has a March 31, 2026, deadline. The initiative aims to…
Nigerian banks spend whopping $500 million on private jet – Otedola
The billionaire, in an emailed statement to Bloomberg, said: “Nigerian banks are spending an estimated $50 million annually just on…
How Fidelity Bank, others are playing offshore to enhance revenue, mitigate domestic risks
As banks brace themselves for the recapitalization exercise, it becomes evident that a heavy reliance on the domestic market for…
Just In: CBN asks Nigerian banks to raise capital base
Sidi-Ali, in the statement said the new minimum capital requirements apply not only to existing banks, but also to all…
No cause for alarm, Nigerian banks remain sound — CBN
“The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from…
Recapitalisation of banks crucial for Tinubu’s $1 trillion GDP goal – Cardoso
Cardoso announced the plan to demand recapitalisation of operators in the banking industry at the 58th Annual Bankers’ Dinner organised…
Exodus of tech talents hits Nigerian banks
The meeting came as banks in Nigeria face stiff competition for talent from technology startups attracting increased funding from international…
ICYMI: Nigerian banks suspend foreign cash withdrawals with Naira cards
Commercial banks had been limiting the amount individuals can withdraw with their debit cards while abroad to ease foreign currency…
Nigerian banks turn up mega profits despite COVID-19
Nigerian banks defied COVID-19 by posting higher profits in 2020 than in 2019, as shown by earnings released by the…
CBN says travel documents valid ID at banks
The Central Bank of Nigeria (CBN) has directed commercial banks to accept Machine Readable Travel Documents (MRCTD) and Refugee Identification…
Nigerian banks migrate to new cheque standards, old ones expire 31 Dec.
Nigerian banks are migrating in the New Year, into brand new cheque standards, on the order of the Central Bank…
CBN deducts N500b from Zenith, GTB, Citibank, UBA, 8 others
The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the…
Banks lend N15.1 trillion to Nigeria’s private sector
The National Bureau of Statistics (NBS) said the Nigerian banking sector allocated N15.13 trillion as total value of credit to…
Read what you lose for deposits or withdrawals above N500K
Banks have notified customers about the extra cash they will lose to the treasury when they make cash withdrawals above…
How to report your errant bank to CBN
You can seek redress against any errant bank through the Central Bank of Nigeria, the regulator of the banking system…
Fraud in Nigerian banks climbs to N25bn in 5 years
Dr Victoria Enape, Pro-tem President, Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN), has said that fraud volume…
Nigerian banks lose N12.30 billion to fraud
The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various…
Banks urged to initiate customer-friendly programmes to boost sector
A financial expert, Dr Samuel Nzekwe, has advised banks in the country to initiate customer-friendly packages to encourage and shore…
Nigeria allows foreign currency transfers as FX restrictions ease
Nigerian commercial banks told customers on Sunday they would allow deposits of foreign currency to be transferred abroad from their…
Many Banks Suffering From Cultural Complex –Lolu Akinwunmi
Funsho Arogundade Immediate Past Chairman, Advertising Practitioners Council of Nigeria, APCON and CEO, Prima Garnet Africa Group, Mr. Lolu Akinwumi,…