Tag: Nigerian Banks
Civil society groups demand overhaul of banking ESG policies
According to him, the coalition’s assessment showed that leading commercial banks scored an average of 1.7 out of 10 against…
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…