Category: Banking

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...

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...