30 results
- 22 Jan 2015
United Capital Releases Nigerian Economy, Financial Markets 2015 Report
United Capital Plc. has released its authoritative and eagerly anticipated Nigerian Economy and Financial Markets 2015 report which provides a detailed review of the Nigerian market in 2014 with…
- 21 Jun 2022
FITC Launches Banking Survey Report on Financial Habits of Millenials
Financial Institutions Training Center, FITC, the innovation-led and technology-driven knowledge institution, has launched a first of its kind Millennial and Gen Z Banking Survey Report. In a…
- 15 Jun 2009
UBA Adopts IFRS, BASEL 2, Global Standards in Governance, Financial Reporting, Risk Management
The United Bank for Africa has announced further changes to its financial reporting, governance, risk and control architecture in line with its standard setting history and ongoing commitment to…
- 8 Mar 2022
Banks’ Hidden Charges Hindering Financial Inclusion — Report
Banks are charging customers above regulatory limits and are making them pay undeclared charges, thereby hampering the country’s effort to reduce financial exclusion, a new report has said. The…
- 2 Apr 2018
Banks Borrow N27.5tn from CBN in Six Months
The Deposit Money Banks in the country borrowed the sum of N27.5tn from the Central Bank of Nigeria through the Standing Lending Facility window of the regulator during the first six months of 2017,…
- 21 Feb 2024
CBN Reportedly Planning to Close to all Crypto Websites in Nigeria
Central Bank of Nigeria (CBN) could be looking to block Nigerians from using crypto websites to combat the weakening of the naira. Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN). While this…
- E-Financial19 Aug 2026
Banks, Others Report 42,082 Transactions to NFIU
Financial institutions in Nigeria filed 42,082 suspicious transactions reports to the Nigerian Financial Intelligence Unit (NFIU) in 2025, as financial institutions stepped up compliance with anti-money laundering regulations amid tighter regulatory oversight.
- 11 Jan 2022
Report Suggests CBN May Hike Interest Rate on Dollar Demands
A new report by Sigma Pensions, has said likely stronger dollar demand will convince the Central Bank of Nigeria (CBN) of the need to tighten monetary conditions as with the trend across global…
- 9 Jun 2021
FMDQ Commends CBN for Restoring Transparency in FX Market
Mr. Bola Onadele Koko, the Chief Executive Officer, FMDQ Group, has hailed the Central Bank of Nigeria (CBN) for activating the on-system trading and reporting of foreign exchange (FX) transactions…
- 7 Apr 2026
How Unethical Deals Triggered CBN Takeover of Union Bank -Forensic Report
A forensic audit report has detailed the multi-trillion naira financial mismanagement that led to the January 2024 sack of former directors and owners of Union Bank of Nigeria (UBN) and the…
- 12 Apr 2013
UBA Rules Nigeria’s Upbeat Card Market
Nigerian card industry grew in leaps and bounds from 2008 to 2012, according to the latest report by Research and Markets, world's leading source for international market research reports and market…
- 3 May 2017
CBN Expels 16 Banks from Forex Market
Central Bank of Nigeria (CBN) on Tuesday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. Isaac Okorafor,…
- 28 May 2012
4 Months after CBN’s Deadline, Banks March Lazily to IFRS
Nigeria banking industry has reported a sluggish progress in the adoption of International Financial Reporting Standards (IFRS), two years after the Central Bank of Nigeria (CBN), began moves to…
- 10 Oct 2016
50 Nigerian “Big Men” Owe Banks N5.2Trn
Central Bank of Nigeria’s (CBN) Financial System Stability (FSS) report has revealed that 50 customers owe commercial banks the sum of N5.23 trillion, representing 33.4 per cent of the total private…
- 10 Jul 2025
Financial Fraud in Nigeria Surges by 45 Percent, 70 Percent of Losses Linked to Digital Platforms – CBN
Central Bank of Nigeria (CBN) has raised the alarm over a significant rise in financial fraud cases in the country, revealing that fraud surged by 45% within one year, with 70 Percent of the…
- 28 Aug 2020
Uwaleke, ACMAN Boss Urges CBN to Set Up Whistle-Blower System
Uche Uwaleke, president, Association of Capital Market Academics of Nigeria (ACMAN) has urged the Central Bank of Nigeria (CBN) to set up a whistle-blower system to assist in its implementation of…
- 29 Jul 2026
CBN Fines Banks N430m for Ignoring Customers' Complaints
Central Bank of Nigeria (CBN) imposed N430 million in penalties on financial institutions in 2025 over delays in resolving customer complaints and failure to comply with its directives, underscoring…
- 30 Apr 2018
CBN to Sack Banks’ CEOs, Others over Delayed Accounts
Any bank which fails to publish its annual account 12 months after the financial year end will have its chief executive sacked, Godwin Emefiele, governor, Central Bank of Nigeria (CBN) has said.…
- 12 Feb 2016
CBN Says 57m Nigerians now Have Access to Financial Services
The Bankers Committee of the Central Bank of Nigeria (CBN) has said that 57 million Nigerians, which represent 66 per cent of the population, now have access to financial services. Mrs Tokunbo…
- 23 Oct 2013
Banks Borrow N2.5Trillion in August to Cushion Liquidity Crisis
Banks, discount houses and other financial institutions in the country have reportedly gone on massive borrowing spree, increasing their borrowing from the Central Bank of Nigeria (CBN) by some 210…
- 26 Sept 2019
MTN, Other Fintechs Ring Danger for Banks- OPay Boss
Iniabasi Akpan, country manager for OPay in Nigeria, has said traditional banks should be worried about the fintechs and telecommunications companies granted approval by the Central Bank of Nigeria…
- 28 Feb 2021
CBN Pumps in $10.3Bn to Defend Naira in 6 Months
Central Bank of Nigeria (CBN) defended the naira in six months with $10.3 billion intervention in the inter-bank foreign exchange market, its half-year report has shown. The naira dipped to…
- 25 Jul 2021
CBN Gov, Others Risk Arrest over Alleged Financial Violations
House of Representatives may issue a bench warrant against Godwin Emiefele, governor of the Central Bank of Nigeria (CBN) and 53 other heads of government agencies for gross violation of the…
- 14 Aug 2019
CBN Asks Banks to Disclose all Loans Details to Customers
Central Bank of Nigeria (CBN) has issued new Consumer Protection Guidelines to improve the quality of banking and has directed commercial banks to provide a Key Fact Statement (KFS), giving a summary…
- 1 Jan 2020
The World Bank Asks CBN to Stop Supporting Weak Banks
The World Bank has cautioned the Central Bank of Nigeria (CBN) to stop supporting undercapitalised banks in the country. According to a new report by the international financial institution, the…
- 8 Apr 2021
Goodluck Urges CBN to License MTN, Airtel to Deepen MM Market
Akinwale Goodluck, head of GSMA Africa, has urged Central Bank of Nigeria (CBN) to extend money licenses to MTN and Airtel to scale up Nigeria’s mobile money market to at the sub-regional front.…
- 24 Feb 2022
PwC Partners Cognext on Enterprise Risk Management Automation
PwC has partnered with Cognext Analytics, a breakthrough solution maker for risk management & regulatory reporting for financial services to introduce Platform X, a leading-edge enterprise risk…
- 2 Nov 2022
Afrinvest Affirms Nigerian Banks as Resilient Despite Economic Downturn
The 2022 Afrinvest Banking Sector Report has revealed that despite daunting economic challenges, commercial banks in the country recorded modest improvement in all regulatory indicators. The report,…
- 16 Jul 2026
CBN Introduces Digital Tracker to Monitor BDC Forex Transactions
The Central Bank of Nigeria (CBN) has launched a new system to monitor how Bureau De Change (BDC) operators buy foreign exchange in the country. Under the new arrangement, all licensed BDCs must…
- 12 May 2017
No Sick Bank in Nigeria- NDIC
Alhaji Umaru Ibrahim, managing director and chief executive, Nigeria Deposit Insurance Corporation (NDIC), has dismissed rumours making the round that some banks in the country are distressed.…