H2 2026: Strong-capital FIs using tech will capture opportunities —Report
Financial institutions that successfully combine robust capital buffers with technology-enabled service delivery will be best positioned to seize emerging opportunities…
First HoldCo’s 60% dividend payout policy, Otedola’s share acquisitions excite investors
The decision by First HoldCo Plc to adopt a formal dividend policy committing to distribute a minimum of 60 percent…
FCMB group posts 99% rise in H1 Profit Before Tax to N157.3bn
FCMB Group Plc has reported a 99 percent year-on-year increase in profit before tax (PBT) to ₦157.3 billion for the…
CBN drains N59.3trn from system in cautionary bid to block election cash surge — Report
The Central Bank of Nigeria (CBN) has withdrawn a massive N59.3 trillion from the financial system since January 2026 in…
DMO to offer N1.20trn FGN bonds as investors eye MPC decision
The Debt Management Office (DMO) is set to offer N1.20 trillion worth of Federal Government of Nigeria (FGN) bonds across…
Access Holdings distributes N5.75bn worth of shares to 77 senior executives
ACCESS Holdings Plc has vested 229.8 million ordinary shares valued at approximately N5.75 billion in 77 senior executives and key…
Fintech entrepreneur calls for simpler digital payments for businesses
FINTECH entrepreneur Deborah Onyibe has urged Nigeria’s financial technology industry to shift its focus from merely speeding up transactions to…
Licence revocation should be last resort, experts challenge bank examiners
AS the Central Bank of Nigeria (CBN) faces scrutiny over its recent revocation of operating licences of 46 microfinance banks,…
Nigerians now hold $59bn in Cryptocurrency assets —FDC
As BTC declines 0.92% in 24 hours to $59,368 NIGERIANS have accumulated an estimated $59 billion in cryptocurrency holdings, according…
Banks deposit N4.15trn with CBN as excess liquidity persists
NIGERIA’S banking sector deposited a total of N4.15 trillion with the Central Bank of Nigeria (CBN) through the Standing Deposit…
Future of Nigerian Banking lies in AI, RegTech, not just capital — NITDA DG
DIRECTOR-GENERAL of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has said the future growth and sustainability of Nigeria’s…
CBN reiterates commitment to data storage in Nigeria, disclosure of beneficial owner directive
THE Central Bank of Nigeria (CBN) has reiterated its commitment to the new regulatory measures requiring payment service providers, banks…
FMDQ debt market expands to N113.20trn as corporates turn to commercial papers
THE total size of the debt market on the FMDQ Exchange reached N113.20 trillion as of June 11, marking another…
Experts laud IMF over alarm on Nigeria’s derivatives financing deal
A chorus of finance and economic experts has backed the International Monetary Fund’s (IMF) sharp warning over Nigeria’s proposed $5…
Afreximbank shifts 2026 annual meetings as Shareholders’ AGM moves to correspondence
THE 2026 Annual Meetings of the African Export-Import Bank have been rescheduled following the postponement of key continental events in…
Wema Bank rewards 273 customers with N17.96m in one month
WEMA Bank Plc has rewarded 273 customers with a total of N17.96 million within one month of launching Season five…
FCMB Group reports N202.1 bn Profit Before Tax for 2025, N87.0 bn in Q1 2026
FCMB Group Plc has announced its audited financial results for the year ended Dec. 31, 2025, and its unaudited results…
CBN plans eNaira revival, targets salaries, pensions, welfare payments
THE Central Bank of Nigeria (CBN) is preparing a major relaunch of the eNaira, with plans to deploy the digital…
CBN releases forex manual 4th edition, pegs pilgrimage, PTA at $4,000 per quarter
Banks to pay N100m penalty for inadequate FX documentation THE Central Bank of Nigeria (CBN) has released the fourth edition…
Unity Bank disburses over N500 million through SHOCOF to support traders
AS part of efforts to promote SMEs and strengthen support for operators in the informal sector, Unity Bank has continued…
