30 results
- 17 Oct 2017
UBA Emerges Best Bank in Support of Real Sector at Banking Awards
United Bank for Africa (UBA) Plc, Pan-African banking group, at the weekend was recognised for its extraordinary support of the real sector as it won best bank in the category, ahead of its peers.…
- 18 Jan 2010
Oceanic Bank Leads Recovery in Banking Sector
Confidence have started returning to Oceanic Bank International Plc as its equity led the recovery of bank stocks on the Nigerian Stock Exchange (NSE) in the first week of trading in 2010.…
- 28 Aug 2022
CBN’s N2.9Trillion Intervention Saves Banks, Power Sector from Collapse- Report
The lifeline by the Central Bank of Nigeria (CBN) through various intervention funds may have saved Deposit Money Banks(DMBs) and the power sector from imminent collapse, according to t he Sun . Some…
- 18 Mar 2026
One SA Bank Equals Nigeria’s Entire Banking Sector - Why Recapitalisation Is Critical for Global Competitiveness
By Blaise Udunze Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send shockwaves.…
- 27 Oct 2019
Private Sector Gets N25.47 Trillion Facility from Banks
Banking sector’s credit to private sector rose to N25.47tn in September, setting a new record for the year, a new report by the Central Bank of Nigeria (CBN) has revealed. Analysts have said…
- 18 Jun 2025
CBN Reaffirms Banking Sector Resilience as Forbearance Ends
The Central Bank of Nigeria (CBN) has reaffirmed the resilience and soundness of the Nigerian banking sector while unveiling a set of targeted transitional measures affecting a select number of…
- 11 Dec 2024
Polaris Bank Wins Sectoral Award at the 2024 NEC A Employers' Excellence Awards
Polaris Bank has achieved yet another milestone by emerging as the Sectoral Winner in the Banking and Other Financial Institutions Sector category at the 2024 NECA Annual Employers' Excellence…
- 16 Feb 2024
Senate, CIBN Seek to End Malpractices in the Banking Sector
The Senate committee on Banking, Insurance and other Financial Institutions, chaired by Senator Adetokunbo Abiru and the Chartered Institute of Bankers of Nigeria (CIBN) have vowed to sanitize the…
- 19 May 2025
Don’t Panic, Banking Sector is Safe and Sound- CBN
Central Bank of Nigeria (CBN) has once again reaffirmed the resilience and stability of the country’s banking sector, describing it as safe and sound. Olayemi Cardoso, CBN, Gov In a statement…
- 28 Nov 2021
Prompt Resolution Saved Banking Sector from Collapse- NDIC
Nigeria Deposit Insurance Corporation (NDIC) has said its prompt resolution of banks’ failure over the years saved the banking sector from systemic collapse. Mrs Ronke Shokefun, chairman NDIC Board…
- 24 Nov 2021
EFCC Fingers Insiders for Most Fraud in Banking Sector
Economic and Financial Crimes Commission (EFCC) has said that most frauds in the banking sector were perpetrated by insider Information, Communication Technology (ICT) employees. Mr Abbah Sambo,…
- 5 Apr 2016
MAXUT Consulting Tasks Firms, Banking Sector on Cyber Security
Mr Michael Odusami, president of MAXUT Consulting, has urged businesses and the banking sector to ensure the safety of their online transactions. Odusami gave the advice during the ``Cyber Security…
- 8 Sept 2025
Afrinvest Marks 30 Years, to Unveil 20th Banking Sector Report
Afrinvest (West Africa) Limited will this month commemorate its 30th anniversary with the launch of the 20th edition of its Nigerian Banking Sector Report (BSR). Established in 1995, Afrinvest began…
- 16 Dec 2020
Report Predicts New Rounds of Banking Sector Consolidation
A report by McKinsey and Company has stated that digitalisation will enable Nigerian banks to achieve between 25 and 40 per cent cost-reduction. The report also urged banks to plan for another round…
- 5 Mar 2024
Banking Sector Becoming Cesspool of Financial Crimes- EFCC
Economic and Financial Crimes Commission (EFCC), has revealed that approximately 70 percent of financial crimes in Nigeria are connected to banks. Ola Olukoyede, chairman, EFCC, stated this during…
- 4 Nov 2019
ICSFS Adopts Latest Oracle Technologies for Production Use-Cases in the Banking Sector
ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, and a Gold level member of the Oracle Partner Network (OPN), announced the adoption of…
- 5 May 2009
Diamond Bank Supports Oil Sector Conference
Diamond Bank Plc has reaffirmed its commitment and support for the development and growth of the oil and gas industry as it emerged the official banker to the Nigerian delegation to the Offshore…
- 10 Dec 2024
Digital Jewels Africa, CIBN Collaborate to Strengthen Cybersecurity in Nigeria’s Banking Sector
Chartered Institute of Bankers of Nigeria (CIBN) in partnership with Digital Jewels Africa (DJA), IT Governance, Risk, and Compliance (GRC) firm, organized a high-impact workshop recently in Lagos.…
- 28 Oct 2016
Red Star Has Retooled to Serve Outsourcing Sector, Banks- Obabori
The resent assigning of specific tasks to four divisions of Red Star Express Plc was in its preparedness to harness potentials in the outsourcing space of the economy, without compromising on the…
- 7 Apr 2019
Anxiety as Fintechs Prepare to Shake up Banking Sector
As stakeholders in the country’s financial ecosystem awaits the central bank of Nigeria new regulation on Fintech operations, there are anxiety about the impending shake-up of the banking service…
- 26 Feb 2025
Nigerian Banking Sector Fraud Increases Threefold to N53Bn -NIBSS
Money lost to fraud in Nigeria's banking system has nearly tripled over the past five years, according to an analysis released by the Nigeria Inter-Bank Settlement System (NIBSS). NIBSS estimated…
- 16 Sept 2018
NDIC Seeks Sound Corporate Governance in Banking Sector
Nigeria Deposit Insurance Corporation (NDIC) has emphasised the need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and…
- 31 Dec 2025
How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector
By Blaise Udunze Nigeria’s new tax identification portal goes live nationwide tomorrow, Monday, January 1, 2026, marking a pivotal moment in the country’s fiscal and financial governance. Designed to…
- 17 May 2020
CreditRegistry Unveils Dud Cheque API Service To Boost Banking Sector Transparent
Nigeria’s largest credit bureau, CreditRegistry, has launched an API (application programming interface) service to validate the financial credibility of cheque issuers to improve confidence in…
- 6 Feb 2019
Access, Diamond Banks ‘Merger t0 Revolutionize Sector
The recent merger of Access Bank Plc and Diamond Bank Plc is a development that has attracted critical reviews, mixed expectations and fears by industry experts and stakeholders alike. At the…
- 19 Sept 2014
CBN Berates Banks for not Lending to Real Sector
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) over the weekend berated Deposit Money Bank for not lending to the real sector of the economy. Godwin Emefiele, governor of…
- 5 Jun 2017
ATCON Says Increased Broadband Helps Banking Grow Customers by 23%
One of the sectors that Broadband has impacted is the banking sector as the sector can now boast of 23% bank account penetration, said Olusola Teniola, president, Association of Telecommunication…
- 20 Sept 2016
Etisalat Says Telecoms Sector is Critical to Banking
Etisalat has restated its commitment to the Federal Government's programme to ensure financial inclusion for all strata of the Nigerian population. Adia Sowho, director, Digital Business, Etisalat…
- 19 Sept 2022
FSDH Merchant Bank Unveils Solutions for Healthcare Sector
FSDH has unveiled in a bid to support healthcare sector in Nigeria, they have developed an array of products and financing to boost the sector. The bank noted that they have come up with key…
- 12 May 2013
Stakeholders Assess Impact of Banking Reforms on Courier Sector
Stakeholders in the country’s aviation sector have said that the biggest headache facing the industry is the hemorrhaging revenue earnings occasioned by the Central Bank of Nigeria’s Universal…