Interswitch, Temenos partner to expand digital banking in Africa
Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, and Temenos (SIX: TEMN), a global leader in banking technology,…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Banks earn ₦209bn from account maintenance charges
Nigerian banks generated a combined N209.18bn from account maintenance charges in the first quarter of 2026, representing a 14.07 per cent increase…
Abbey Mortgage Bank gets CBN’s approval for commercial banking expansion
Abbey Mortgage Bank Plc, one of Nigeria’s oldest primary mortgage institutions, has received approval from the Central Bank of Nigeria to transition…
Supreme court clears Unity Bank, Providus merger
The Nigerian Supreme Court has approved the merger between Unity Bank and Providus Bank, removing the final legal hurdle to one of…
CBN mops up ₦5.42tn from fresh OMO auction
The Central Bank of Nigeria absorbed N1.945 trillion from the financial system through its Open Market Operations auction conducted on May 29,…
Bad loans hit 8% after CBN’s regulatory forbearance withdrawal
Bad loans in Nigeria’s banking sector increased to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria…
FUGAZ banks record ₦399.2bn profit from UK operations in 2025
Four of the five FUGAZ banks operating licensed banking subsidiaries in the United Kingdom (Access, GTCO, Zenith, and UBA) posted approximately N399.2…
Fidelity Bank posts N92.4bn Q1 profit
Fidelity Bank Plc has reported a pretax profit of N92.4 billion for the first quarter of 2026, representing a 12.57 per cent…
Fidelity Bank names veteran banker Ososuakpor as non-executive director
Fidelity Bank Plc has appointed seasoned banking professional Jonathan Oniovosa Ososuakpor as a Non-Executive Director on its board. The appointment was announced…
Banks lose trillions yearly to CBN’s high CRR policy — Report
Nigeria’s banking sector may be losing trillions of naira annually due to the Central Bank of Nigeria’s high Cash Reserve Ratio, according…
First HoldCo elevates Omodayo-Owotuga to executive director role
FirstBank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr Julius B. Omodayo-Owotuga as Executive Director, effective May 13,…
Four banks publish 321,181 dormant accounts in compliance with CBN directive
Four banks have disclosed details of at least 321,181 dormant accounts in compliance with a directive from the Central Bank of Nigeria.…