30 results
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 30 Jul 2024
Summit Bank, New Islamic Bank Gets CBN’s License
Summit Bank, a new Islamic bank has just received provisional licensing from the Central Bank of Nigeria (CBN), to operate non-interest banking, devoid of interest rates. Summit Bank brings to six…
- 7 Oct 2016
CBN Set Limits on Banks' Investment in Govt. Islamic Bonds
Nigeria's central bank has set commercial banks' investment in Islamic bonds issued by state governments to 10 percent of the total amount on offer and fixed a maximum tenor of 10 years for the…
- 22 Sept 2022
Shareholders Unanimously Approve Holding Company Structure for Sterling
Shareholders of Sterling Bank Plc unanimously voted in favor of the creation of a new non-operating holding company (HoldCo) to hold the shares in its commercial banking operation as well as the…
- 17 Apr 2024
AltBank Walks Against Hunger, Advocates for Education
Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and…
- 24 Aug 2025
FBNQuest Merchant Bank Facilitates Landmark ₦5Bn Commercial Paper Programme for Accion Microfinance Bank
FBNQuest Merchant Bank Limited has reaffirmed its leadership in Nigeria’s capital markets by serving as Exclusive Arranger and Dealer for Accion Microfinance Bank Limited’s debut ₦5.0 billion…
- 12 Jul 2013
Mainstreet Bank Goes Live on Finacle v10
Mainstreet Bank Limited, one of the leading commercial banks in Nigeria, has successfully deployed Infosys Finacle version 10.2.0.9 core banking application to drive the bank’s technology…
- 26 Jun 2024
Sterling HoldCo Grows Assets To N2.5 Trillion
Major shareholders of one of Nigeria’s leading financial conglomerates, Sterling Financial Holdings Company PLC., expressed their delight with the leadership and financial performance of the group at…
- 21 Dec 2022
CBN Reviews Cash Withdrawal Limits for Corporates, Individuals
The Central Bank of Nigeria has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The…
- 26 May 2015
FirstBank Re-elected to the Board of Advisors of PCI SSC
First Bank of Nigeria Limited, Nigeria’s most valuable bank brand has reaffirmed its leadership position in corporate governance and risk management with its re-election into the Board of Advisors of…
- 11 Jan 2026
NDIC Declares Second Liquidation Dividend for Heritage Bank Depositors
Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of ₦24.3 billion for depositors of Heritage Bank Limited (in liquidation) whose account balances exceeded the…
- 19 Feb 2026
Sterling HoldCo Starts Allotment of Oversubscribed Public Offer Shares
Sterling Financial Holdings Company Plc (Sterling HoldCo) has begun allotting 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share from its 2025 Public Offer. Sterling HoldCo The process…
- 11 Mar 2013
CBN Imposes N150, 000 Cheque Withdrawal Limit Nationwide
Central Bank of Nigeria (CBN) said that it will from June 1, implement a policy that places N150,000 limit on all over-the-counter cheque withdrawals in commercial banks, microfinance banks and…
- 21 Dec 2022
CBN Recants Increases Weekly ATM withdrawal Limits from ₦100,000 to ₦500,000
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.…
- 7 Apr 2023
Sterling Bank Relists on NGX as HoldingCo
Sterling Bank Plc announced that it has completed a significant milestone in its ongoing transformation to a financial holdings company. It said this is with the delisting, transfer, and relisting of…
- 14 Feb 2012
GTBank Ghana Rolls out MasterCard Products, Services
Guaranty Trust Bank (Ghana) Limited has rolled out a range of MasterCard products and services including card issuance and ATM activation in all branches nationwide. The bank has acquired the licence…
- 6 Sept 2021
LOTUS Bank Commences Operations in Three New Locations
With the simultaneous opening of three new locations in Lagos, LOTUS Bank Limited now has physical presence in four locations in Lagos. The newest and third Non-Interest Bank (NIB) in the country,…
- 20 Oct 2016
Uber, FirstBank Partnership Paves Way for Driver-Partners to Grow Own Businesses
Uber Nigeria on Wednesday announced that it is now making low-interest, used-vehicle loans available to its top-rated driver-partners. The pioneering move is the result of partnerships entered into…
- 15 Dec 2025
Sterling Bank Renewable Energy Colloquium Urges Stakeholders to Unlock Nigeria’s Clean Energy Potential
Sterling Bank Limited on Monday convened stakeholders in the renewable energy industry to explore strategies for accelerating Nigeria’s transition to clean energy and boosting economic growth. L-R:…
- 1 Nov 2019
FirstBank Rewards Top Performing Agents with over N15m
First Bank of Nigeria Limited has expressed its commitment to driving financial inclusion across Nigeria. With currently over 37,000 Firstmonie Agents, present in 99 per cent of the 774 Local…
- 19 May 2021
FMDQ Exchange Admits Series 12, 13 and 14 Nigerian Breweries Plc CPs
The FMDQ Securities Exchange Limited, has approved the quotation of the Nigerian Breweries Plc, N1.05 billion Series 12, ₦0.94 billion Series 13, and ₦2.67 billion Series 14 Commercial Papers under…
- 14 Jun 2016
FBN Capital Wins ‘Best Refinancing in Africa’ At EMEA Awards
FBN Capital Limited, the investment banking and asset management subsidiary of FBN Holdings Plc. has been recognized for consistent and outstanding performance by three reputable financial awards…
- 21 Nov 2025
FirstCap Champions Real Estate Financing with Lekki Gardens’ ₦25B CP Issuance Establishment
FirstCap Limited, Nigeria’s leading investment banking and capital markets advisory firm and a subsidiary of First HoldCo Plc, has announced its strategic role as Joint Issuing House and Placing…
- 1 Feb 2016
FCMB Upgrades Service Delivery with New Software
First City Monument Bank (FCMB) Limited has upgraded its service delivery platform by deploying the Finacle Core Banking solution version 10 to enhance world-class service excellence and customer…
- 29 Dec 2022
Polaris Bank Assures Nigerians of Seamless Transactions Yuletide
Polaris Bank has assured that customers and non-customers alike can shop seamlessly and carry out all their transactions via its alternate channels: VULTe, USSD *833#, Polaris Mobile,…
- 6 Dec 2022
CBN Limits Cash Withdrawals for Individuals to N100,000 Weekly
The Central Bank of Nigeria has directed deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities per week do not…
- 11 Aug 2024
NDIC Pays N5m Each to Customers of Defunct Heritage Bank
Nigeria Deposit Insurance Corporation (NDIC) has said that it has successfully disbursed insured deposits of up to ₦5 million each to 82.36% of customers of the now-defunct Heritage Bank, following…
- 14 Feb 2023
Monieworx Enables 3 SMEs Raise N100M in 10 days through Regulation Crowdfunding, Nigeria’s First
Alternative Finance Limited (Obelix), Nigeria’s SEC-regulated Crowdfunding Intermediary, on Wednesday announced that it has fundraised N100 million from 9,324 registered small-ticket retail investors…
- 30 Mar 2025
Uninsured Depositors of Heritage Bank to Receive Liquidation Dividends In April – NDIC
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…
- 30 Mar 2025
NDIC Fixes April as Time Uninsured Depositors of Heritage Bank will Receive Liquidation Dividends
Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale of physical assets and debt recovery efforts soon, the Nigeria Deposit…