Category: Banking

Excess cash floods banking system as liquidity hits N8.06tn

Nigeria’s banking system liquidity rose sharply to N8.06 trillion as commercial banks parked more funds...

CBN tightens BVN rules, restricts phone number changes to one

The Central Bank of Nigeria has mandated all banks and other financial institutions to establish...

CBN orders banks to bar loan defaulters from new credit

The Central Bank of Nigeria has directed commercial banks to block loan defaulters, particularly large-ticket...

CBN confirms 30 banks meet recapitalisation targets

Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the...

Private sector credit drops to N75.24tn in January 2026

Credit extended by Nigerian banks to the private sector fell to N75.24 trillion in January...

Defunct Heritage Bank depositors beg Tinubu, Cardoso for full refund

Depositors of the defunct Heritage Bank, whose funds remain trapped following the institution’s liquidation, have...

NGX posts N15.55b profit before tax for 2025

NGX Group Plc has announced its audited financial results for the year ended December 2025,...

Zenith Bank disowns fake investment scheme video falsely featuring Jim Ovia

Zenith Bank Plc has dissociated itself from a “doctored video” and altered images circulating online...

CBN fines banks ₦10m for using unaccredited cheque printers

The Central Bank of Nigeria has imposed a N10 million fine and ordered the withdrawal...

Banks attract $16.78b capital inflows in first nine months 2025

Banks in Nigeria saw total capital inflows of $16.78 billion between January and September 2025,...

W’African central banks advance bloc’s currency talks

Governors of central banks from 12 West African countries, including the Governor of the Central...

NDIC vows stronger action against debtors of failed banks

The Nigeria Deposit Insurance Corporation has pledged to deploy the strengthened enforcement powers conferred by...