CBN orders immediate withdrawal of non-compliant financial adverts
The Central Bank of Nigeria has ordered all financial institutions to immediately remove any non-compliant advertising and promotional materials that violate consumer-protection…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
16 banks now compliant with recapitalisation threshold – CBN
The Central Bank of Nigeria has announced that 16 banks have now met its recapitalisation requirements. CBN Governor Olayemi Cardoso shared this…
CBN to clamp down on repeated dud cheque offenders
The Central Bank of Nigeria has proposed a strict new crackdown on repeat offenders of “dud cheques.” Under draft guidelines released for…
FCMB appoints Oluyinka Johnson as non-executive director
First City Monument Bank has appointed Ms. Oluyinka Johnson as a Non-Executive Director, following approval from the Central Bank of Nigeria. Ms.…
Banks begin compliance drive for 2026 tax regulation rollout
Commercial banks have urged customers to link their accounts with their National Identification Numbers or Tax Identification Numbers in preparation for the…
New NDIC law to prosecute bank failure suspects
The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr. Thompson Oludare Sunday, has announced that a new era of accountability…
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 billion in 2024 to $29.2 billion by…
UBA records robust earnings in third quarter 2025
The United Bank for Africa Plc, has released its audited financial results for the third quarter ended September 30, 2025, showing strong…
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 excessive tax deductions from the salaries of…
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 the National Bank of Kenya is valued…
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 N2.28 trillion on Wednesday to N2.55 trillion…
UBA inducts over 700 young professionals
United Bank for Africa Plc, Africa’s Global Bank, has inducted over 700 young professionals into its workforce following their graduation from the…