Category: Banking

Flutterwave secures banking licence, set to rival traditional lenders

Nigerian fintech giant Flutterwave has secured a microfinance bank licence from the Central Bank of...

Kenya banks smash MSME lending target in 2025

Kenya’s banking sector more than doubled its MSME lending target in 2025, disbursing KES326.5 billion...

FCMB raises ₦1.53tn to lead 2025 debt capital market

FCMB Capital Markets Limited, the investment banking division of FCMB Group Plc, has officially been...

Nigerian investors fund 72% of banks’ ₦4.65tn recapitalisation

The Central Bank of Nigeria on Wednesday said domestic investors accounted for the bulk of...

CBN completes bank recapitalisation, raises N4.65trn

The Central Bank of Nigeria on Wednesday said it has concluded the banking sector recapitalisation...

Sterling Bank’s zero transfers saves Nigerians ₦2bn in fees

Sterling Bank is marking one year since it broke from industry norms by introducing its...

Banking sector attracts record $13.53bn foreign capital inflows

Foreign capital inflows into Nigeria’s banking sector rose to $13.53 billion in 2025, representing a...

Court nullifies CBN’s dissolution of Union Bank board

Justice Chukwujekwu Aneke of the Federal High Court sitting in Lagos on Wednesday nullified the...

Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline

Nigerian banks have raised a combined N4.61 trillion in fresh capital ahead of the March...

Excess cash floods banking system as liquidity hits N8.06tn

Nigeria’s banking system liquidity rose sharply to N8.06 trillion as commercial banks parked more funds...

CBN tightens BVN rules, restricts phone number changes to one

The Central Bank of Nigeria has mandated all banks and other financial institutions to establish...

CBN orders banks to bar loan defaulters from new credit

The Central Bank of Nigeria has directed commercial banks to block loan defaulters, particularly large-ticket...