Category: Banking

16 banks now compliant with recapitalisation threshold – CBN

The Central Bank of Nigeria has announced that 16 banks have now met its recapitalisation...

CBN to clamp down on repeated dud cheque offenders

The Central Bank of Nigeria has proposed a strict new crackdown on repeat offenders of...

FCMB appoints Oluyinka Johnson as non-executive director

First City Monument Bank has appointed Ms. Oluyinka Johnson as a Non-Executive Director, following approval...

Banks begin compliance drive for 2026 tax regulation rollout

Commercial banks have urged customers to link their accounts with their National Identification Numbers or...

New NDIC law to prosecute bank failure suspects

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr. Thompson Oludare Sunday, has...

Africa’s rice market to grow 4% anually – Afreximbank

The African Export-Import Bank projects that Africa’s rice market will expand from an estimated $24...

UBA records robust earnings in third quarter 2025

The United Bank for Africa Plc, has released its audited financial results for the third...

Reps launch probe into excessive tax deductions, unclear bank charges

The House of Representatives has set up an ad-hoc committee to probe widespread complaints about...

Access Bank expands East African footprint with $109.6m NBK takeover

Access Holdings Plc, the parent company of Access Bank, has revealed that its acquisition of...

Banks’ deposits with CBN rise to N2.62tn as liquidity strengthens

Banks’ deposit placements with the Central Bank of Nigeria climbed steadily last week, rising from...

UBA inducts over 700 young professionals

United Bank for Africa Plc, Africa’s Global Bank, has inducted over 700 young professionals into...

Wema Bank concludes second phase of N50b capital raise successfully

Wema Bank Plc has announced the successful conclusion of the second tranche of its N50...