Flutterwave secures Nigerian banking license in bold expansion move
Flutterwave, Africa’s leading payments technology company, has secured a Nigerian banking license, enabling it to hold funds and deposits directly and strengthening…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Flutterwave secures banking licence, set to rival traditional lenders
Nigerian fintech giant Flutterwave has secured a microfinance bank licence from the Central Bank of Nigeria, a move that authorises it to…
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 ($2.53 billion) in new loans to small…
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 crowned the leader of the FMDQ Securities…
Nigerian investors fund 72% of banks’ ₦4.65tn recapitalisation
The Central Bank of Nigeria on Wednesday said domestic investors accounted for the bulk of funds raised under its banking sector recapitalisation…
CBN completes bank recapitalisation, raises N4.65trn
The Central Bank of Nigeria on Wednesday said it has concluded the banking sector recapitalisation programme, with 33 deposit money banks raising…
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 Zero Transfer Fees policy. The initiative has…
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 93.25% year-on-year increase from $7.00 billion recorded…
Court nullifies CBN’s dissolution of Union Bank board
Justice Chukwujekwu Aneke of the Federal High Court sitting in Lagos on Wednesday nullified the January 2024 dissolution of the board and…
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 31, 2026, banking recapitalisation deadline. This was…
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 at the Central Bank of Nigeria’s Standing…
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 and maintain a temporary watchlist for Bank…