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 borrowers, from accessing new credit facilities. A…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
CBN confirms 30 banks meet recapitalisation targets
Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the new minimum capital requirements while three lenders…
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 2026, down from N75.83 trillion in December…
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 appealed to President Bola Tinubu and Central…
NGX posts N15.55b profit before tax for 2025
NGX Group Plc has announced its audited financial results for the year ended December 2025, reporting a profit before tax of N15.55…
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 that falsely show its Group Chairman, Jim…
CBN fines banks ₦10m for using unaccredited cheque printers
The Central Bank of Nigeria has imposed a N10 million fine and ordered the withdrawal of cheques from circulation on commercial banks…
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, marking a 131.81 per cent increase from…
W’African central banks advance bloc’s currency talks
Governors of central banks from 12 West African countries, including the Governor of the Central Bank of Nigeria, have convened in Monrovia,…
NDIC vows stronger action against debtors of failed banks
The Nigeria Deposit Insurance Corporation has pledged to deploy the strengthened enforcement powers conferred by the NDIC Act 2023 to recover outstanding…
NDIC reimburses defunct bank depositors within 72 hours
The Nigeria Deposit Insurance Corporation said it has settled or reimbursed depositors of defunct banks within 72 hours of their closure. The…
Ecobank posts strong 2025 performance, PBT up 30%
Ecobank Transnational Incorporated posted a robust performance for the year ended December 31, 2025, with profit before tax rising to N1.27 trillion.…