CBN to publish register of licensed stablecoin issuers, tightens oversight
THE Central Bank of Nigeria (CBN) will publish a public register of licensed stablecoin issuers and other authorised virtual asset…
Elumelu urges African banks to deepen cross-border financing, mobilise local capital
GROUP Chairman, Heirs Holdings and Transcorp, Tony Elumelu, has called on African banks to mobilise domestic savings and deepen cross-border…
Africa needs productive investment, not just strong banks, says Aig-Imoukhuede
CHAIRMAN of Access Holdings Plc, Aigboje Aig-Imoukhuede, has warned that Africa economic growth will remain limited unless its banks move…
Union Bank partners Nigerian Breweries to reward outstanding teachers, promote digital learning
UNION Bank of Nigeria has reaffirmed its commitment to improving education in the country through its partnership with the Maltina…
Concerns mount over three banks’ prolonged CBN administration
CONCERNS are mounting over the prolonged regulatory administration of Keystone Bank, Polaris Bank and Union Bank. The three lenders remain…
Crypto users react as Binance vows full refunds after $6.3bn heist
CRYPTO users have responded with a mixture of relief and scepticism after Binance promised to refund every customer who lost…
Half of surveyed financial firms yet to start CBN data localisation —NITDA
HALF of the Nigerian financial institutions surveyed by the National Information Technology Development Agency (NITDA) have yet to begin implementing…
ProvidusUnity Bank graduates over 100 entrepreneurs from SME development program
PROVIDUSUNITY Bank has graduated over 100 entrepreneurs from the sixth cohort of its SME Development Programme, reaffirming its commitment to…
Alert wins fastest-growing financial services group of the year at 2026 BAFI awards
ALERT Group has been named Fastest-Growing Financial Services Group of the Year at the 2026 BusinessDay Banks and Other Financial…
Sterling Financial reports 37.1 percent growth in nine-month profit Before Tax to N97.28bn
Group assets surpass N5 trillion as profit after tax rises 21.0 percent STERLING Financial Holdings Company PLC has announced unaudited…
CBN offers N2trn OMO bills as banks’ idle funds hit N7.9trn
The Central Bank of Nigeria (CBN) has offered N2 trillion in Open Market Operations (OMO) bills to mop up excess…
JPMorgan’s Nigeria entry sparks debate over benefits to local economy
The proposed entry of United States financial giant, JPMorgan, into Nigeria’s merchant banking sector has triggered debate among economists and…
Global Islamic finance assets set to hit $10.5trn by 2030
Global Islamic finance assets are projected to exceed $10.5 trillion by 2030, driven by the expansion of Islamic banking, record…
FCMB, Mastercard launch digital platform to boost farmers’ access to finance
First City Monument Bank (FCMB) and Mastercard have launched a digital platform, AgroPass, to expand smallholder farmers’ access to financing,…
NDIC failed banks’ asset sale to test bidders’financial capacity —Analysts
Prospective buyers of assets belonging to three failed financial institutions will need strong financial readiness, liquidity and the ability to…
Stanbic IBTC fixes N159.86 reference price for interim scrip dividend
Stanbic IBTC Holdings Plc has fixed N159.86 per ordinary share as the reference price for its 2026 interim scrip dividend…
Technology, AI and brand reputation critical to competitive banks —Access Holdings CEO
Group Managing Director and Chief Executive Officer of Access Holdings Plc, Innocent C. Ike, has identified technology, artificial intelligence (AI)…
Nigeria, Africa must move from talking talent abundance to monetising it — Afreximbank vice president
Executive Vice President in charge of Intra-African Trade and Export Development Bank at African Export-Import Bank (Afreximbank), Mrs Kanayo Awani,…
DMO plans N5.75trn bond sale as government borrowing pressures persist
THE Debt Management Office (DMO) plans to raise N5.75 trillion through the Federal Government of Nigeria (FGN) bond issuances in…
Fitch revises outlooks on 11 Nigerian banks, financial institutions to positive
FITCH Ratings has revised the outlooks of 11 Nigerian banks, holding companies and financial institutions to Positive from Stable, raising…
