Business

US plans 12.5% tariffs on imports over forced

  • 3rd June 2026

Tinubu reforms push manufacturers’ energy costs to N1.34tn

  • 3rd June 2026

Cowry Securities emerges top dealer in NGX rankings

  • 3rd June 2026

Inflation in euro zone hits 3.2%

  • 2nd June 2026

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US plans 12.5% tariffs on imports over forced labour

Business

Delta saves $135m in fuel costs as next-gen aircraft

Aviation

Tinubu reforms push manufacturers’ energy costs to N1.34tn –

Business

Abbey Mortgage Bank gets CBN’s approval for commercial banking

Banking

Tag: Banking

Opinion

Inconsistent court decisions pose risk to banking sector — Chief judge

The Chief Judge of the Federal High Court, Justice John Tsoho, yesterday raised alarm over the growing danger posed by inconsistent judicial decisions in financial and banking disputes. He warned that such contradictions could trigger systemic instability in Nigeria’s financial sector. Speaking through Justice Olayinka Faji at the 2026 Sensitisation Seminar for Judges of the […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
Banking featured

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 in 2024. According to Nairametrics, this surge occurred as banks intensified capital raising ahead of the Central Bank of Nigeria’s recapitalisation deadline. Latest data from the capital importation report by the National Bureau […]

Equity market maintains positive trend with N673bn gain
Banking

Banking, consumer stocks signal strong market prospects

Consumer goods and banking stocks have been identified as major drivers of emerging opportunities in the Nigerian capital market amid improving macroeconomic conditions. The PUNCH reported that this outlook was presented by the Head of Equities and Alternative Solutions at First Asset Management, Laura Fisayo-Kolawole, during the Nigeria Economic Outlook 2026 organised by FirstBank. The […]

Banking

CBN slams N5m fine on agent banking offences

The Central Bank of Nigeria has announced that any agent found engaging in non-permissible activities under its newly revised Agent Banking Guidelines will face a minimum penalty of N5 million for the offense and N100,000 for each day the default continues, in addition to forfeiting any profit made from such activities. According to the revised […]

Standard Bank CEO, CFO to retire in 2027
News

Standard Bank CEO, CFO to retire in 2027

Standard Bank Group has announced that Chief Executive Sim Tshabalala and Chief Financial Officer Arno Daehnke will retire in 2027, ending more than a decade in their respective roles. Tshabalala has led Africa’s largest bank by assets since 2013, while Daehnke was appointed CFO in 2016. The announcement comes just months after the board raised […]

Nigeria in talks to rejoin JP Morgan bond index
Banking

Morgan Stanley to cut 2,000 jobs in workforce restructuring

Wall Street giant Morgan Stanley is set to lay off approximately 2,000 employees later this month in a move aimed at improving operational efficiency, according to a report by Reuters. The job cuts will account for about 2% to 3% of the company’s workforce, excluding financial advisers. A source familiar with the matter, who requested […]

Iran crypto exchange loses $90m in cyberattack
Banking

Nigerian banking malware attacks rise by 8% – Report

Kaspersky’s recent statement illuminates the cybersecurity landscape in Africa, highlighting a troubling trend in Nigeria where banking malware attacks increased by 8% in 2023. Despite an overall 10% decrease in threats nationwide, the surge in attacks targeting online banking credentials and sensitive information is a cause for substantial concern. According to the statement, “Nigeria saw […]

FBNH, GTCO join NGX banking index
Business

FBNH, GTCO join NGX banking index

The Nigerian Exchange Limited reviewed the indexes and added some banking stocks to the Banking Index, including FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc. The PUNCH reported that according to a corporate announcement made by the exchange on Tuesday, the equities of Jaiz Bank, Unity Bank, Wema Bank, […]

Emefiele: Titan Bank chairman, others summoned by CBN investigator
Banking News

Emefiele: Titan Bank chairman, others summoned by CBN investigator

The Special Investigator from the Central Bank of Nigeria, Jim Obazee, has summoned the chairman of Titan Trust Bank, Babatunde Lemo, for an inquiry related to TTB’s acquisition of Union Bank of Nigeria Plc. “Please, refer to your discussion with the Special Investigator earlier today regarding the offensive defence that your good self issued in […]

Banking

Banks record 117% increase in customers’ complaints- Report

  Complaints from customers of five major Nigerian banks have surged by an alarming 117 percent year-on-year, reaching 6,865,217 by June 2023, according to reports by The PUNCH. This substantial increase is in stark contrast to the 3,156,704 complaints registered during the same period in 2022. Furthermore, financial claims linked to these complaints have escalated […]

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