CBN unveils compliance unit to boost risk, market oversight
The Central Bank of Nigeria has announced the creation of a dedicated Compliance Department, a move designed to strengthen regulatory oversight and…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
FirstBank’s digital banking channels suffers downtime
FirstBank has announced a temporary disruption on its major digital banking channels, preventing some customers from completing transactions. In a notice issued…
Five directors to profit from Providus, Unity bank merger
Five directors who have direct and indirect holdings in Unity Bank Plc are set to receive 67 per cent of the proposed…
Providus bank to take over Unity bank
Providus Bank is set to take over the corporate identity of Unity Bank, with Unity’s shareholders either receiving cash payments or being…
Globus Bank completes N200bn capital raise ahead of CBN deadline — MD/CEO
Globus Bank has successfully raised ₦200 billion in paid-up capital, meeting the Central Bank of Nigeria’s recapitalisation requirement ahead of the Q1…
Access Holdings appoints Innocent Ike as new GMD, CEO
Access Holdings Plc has named Innocent Ike as its new Group Managing Director and Chief Executive Officer. In a statement issued on…
Access Holdings announces resignation of Roosevelt Ogbonna from board
Access Holdings Plc has announced the resignation of Mr. Roosevelt Ogbonna as a Non-Executive Director after three and a half years on…
CBN sets deadline for ISO 20022 adoption, geo-tagging compliance
The Central Bank of Nigeria has directed all players in the nation’s payment ecosystem to fully migrate to the ISO 20022 messaging…
Wema Bank surpasses N157bn in first phase of recapitalisation
Wema Bank Plc has exceeded its recapitalisation target after successfully completing the first phase of its capital-raising plan, securing N157 billion through…
Fidelity Bank hosts export financing panel to boost Nigeria’s trade
Fidelity Bank Plc has announced plans to host a high-level panel on export financing aimed at strengthening Nigeria’s participation in global trade.…
Access Bank reaffirms commitment to Africa-Caribbean trade
Access Bank Plc has renewed its commitment to strengthening trade ties between Africa and the Caribbean. In a statement on Tuesday, the…
NDIC pays ₦54.62bn to defunct Heritage Bank depositors
The Nigeria Deposit Insurance Corporation says it has paid ₦54.62 billion to 691,418 depositors of the defunct Heritage Bank and declared a…