Category: Banking

CBN orders banks to implement multi-factor authentication for foreign cards

The Central Bank of Nigeria has instructed all banks and financial institutions to implement multi-factor...

CBN okays Lucidum Finance for full operations

The Central Bank of Nigeria has issued an operational licence to Lucidum Finance Company Limited....

UBA announces retirement of four executive directors

United Bank for Africa Plc has announced that four of its Executive Directors will retire,...

Reps probe banks over ‘illegal deductions’

The House of Representatives on Tuesday leveled a significant accusation against commercial banks, alleging they...

Standard Chartered exits Cameroon, transfers banking operations to Access Bank

Standard Chartered has officially transferred its banking operations in Cameroon to Access Bank Cameroon, completing...

FCMB named best SME focused Bank for 2025

First City Monument Bank has been named Nigeria’s Best SME Focused Bank for 2025 by...

Ecobank seeks to buy back remaining $150m eurobond debt

Ecobank Nigeria Limited has announced a tender offer for the remaining US150 million of its...

27 banks in market for recapitalisation funds — Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has announced that 27 banks...

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...

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...