30 results
- 18 Jan 2026
Zenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp
Renaissance Capital Africa (Rencap) has named Zenith Bank Plc its top conviction pick among Nigerian banks, ahead of GTCO and AccessCorp, in a fresh research report highlighting the lender's robust…
- 29 Jul 2022
Central Bank of Kenya Bars Banks from Dealing with Flutterwave, Chipper Cash
Central Bank of Kenya (CBK), Kenya’s apex bank, has instructed commercial banks in the country to stop dealing with Nigerian fintechs, Flutterwave Payment Technology and Chipper Technologies. The CBK…
- 9 Mar 2015
Nigerian Banks Adequately Capitalised Against Shocks – CBN
The Central Bank of Nigeria (CBN) has absolved Deposit Money Banks of having liquidity problems, stating that the stress test conducted in the banking sector revealed that Nigerian banks were safe.…
- 27 Dec 2023
CBN says Nigerian Banks are in Safe and Sound Mode
Central Bank of Nigeria (CBN), the apex bank on Wednesday, again reiterated that Nigerian banks remain safe and sound. This followed reports stating that the federal government was planning to take…
- 7 Jul 2014
UBA, 12 Nigerian Banks Make Top 1000 World Ranking
Nigerian-Banks for the second consecutive year, 13 Nigerian banks made the list of Top 1000 World Banks as published by The Banker magazine of the Financial Times Group in its 2014 edition. The…
- 7 Oct 2022
Glo Launches MoneyMaster to Service Unbanked, Under-banked Nigerians
The Central Bank of Nigeria (CBN) has licensed Globacom’s MoneyMaster PSB, to foster the inclusion of millions of unbanked and under-banked Nigerians into the financial services ecosystem. The…
- 25 Jun 2019
Gov. Emefiele Promises to Recapitalise Nigerian Banks
Mr. Godwin Emefiele, the Central Bank of Nigeria (CBN) Governor, has pledged to reposition Nigerian banks through recapitalisation during in his second term. Emefiele made the promise in Abuja on…
- 29 Oct 2020
Sterling Bank Unveils Banking Solution For Nigerians In Diaspora
Sterling Bank Plc, has launched a new solution called Switch aimed at revolutionising international banking and allied services for Nigerians in the Diaspora. Shina Atilola, Sterling Bank’s…
- 8 Oct 2024
Don’t Panic, All Deposits in Nigerian Banks are Safe- CBN
Central Bank of Nigeria (CBN) has assured Nigerians not to panic as it has put in place policies to ensure that all monies deposited in financial institutions across the country are secured. The…
- 15 Feb 2010
European Bank Loans $330 Million to 3 Nigerian Banks
European Investment Bank (EIB) has granted a N240 million loan ($330 million) to three Nigerian banks for the development of infrastructural facilities in the country. The three banks that benefited…
- 26 Dec 2024
Access Bank Plc Emerges First Nigerian Bank to Exceed CBN’s N500bn Regulatory Threshold
Access Holdings Plc has successfully closed its N351 billion Rights Issue, gaining approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). This…
- 2 Jul 2017
Fraudsters Steal N16.5Bn from Nigerian Banks
Nigerian banks lost some N16.5 billion in 31,736 fraud cases between January 2014 and December 2016, according to Punch which quoted figures it obtained from the Central Bank of Nigeria (CBN). The…
- 14 Mar 2022
Nigerian Banks Suspend Card Withdrawals Abroad
Nigerian banks have suspended individual withdrawals with local debit cards abroad and toughened limits on online payments, bankers said on Monday, after the Central Bank of Nigeria (CBN) last month…
- 13 Feb 2025
Banking Consolidation Less Likely as Nigerian Banks Meet Capital Requirements – Fitch
Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements. The rating agency noted that the banks are generally on…
- 6 Jul 2016
Don’t Panic, No Nigerian Bank is in Distress- CBN
Central Bank of Nigeria (CBN) has discredited reports that some banks in the country may have gone or may be going into distress. Isaac Okorafor, acting director of Corporate Communications, CBN,…
- 9 Jan 2026
19 Nigerian Banks Meet CBN Recapitalization Targets Ahead of March Deadline
Nineteen Nigerian banks have fulfilled the Central Bank of Nigeria's (CBN) recapitalization requirements as of January 6, 2026, six weeks before the March 31 deadline, according to data from The…
- 11 Nov 2013
Nigerian Banks Have Highest Cost Base
Nigerian banks have been discovered to have the highest cost base amongst their peers due to increased levy paid to the Assets Management Company of Nigeria (AMCON) as well as the poor state of…
- 12 Apr 2013
Nigerian Banks Rip N6Bn off Customers
Lamido Sanusi, governor, Central Bank of Nigeria (CBN), has returned a damnining indictment on Nigerian banks which he accused of ripping off customers to the tune of N6 billion last year alone. “The…
- 8 Oct 2014
Fitch Says Nigerian Banks Performing Well Despite Hurdles
Europen rating agency, Fitch Ratings, yesterday gave Nigerian banks clean bill of health, in spite of the Central Bank of Nigeria’s (CBN) tight monetary policy and new banking rules. The rating…
- 27 Aug 2025
Expiry of Loan Forbearance to Test Nigerian Banks’ Capital Buffers- Fitch
Nigerian banks are facing a potential increase in impaired loans and fresh pressure on their capital buffers as regulators prepare to withdraw systemwide forbearance measures that have underpinned…
- 13 Jul 2010
Central Bank, Iran, Pakistan Adopt Common Banking Rules
The eight-member developing economies are adopting a common regulatory framework for their banking sectors. Members of the D-8 are Nigeria, Egypt, Malaysia, Turkey, Iran, Bangladesh, Indonesia and…
- 15 Jun 2026
AI-Powered Cyber Threats Put Nigerian Banks on Alert
Nigerian banks are increasingly embracing artificial intelligence (AI) to improve customer service, strengthen fraud detection, and streamline operations. Pic credit....gdprlocal.com However, the…
- 11 Oct 2016
7 Nigerian Banks in Deep Financial Crisis – Report
Seven Nigerian banks are undercapitalised to the tune of N1trillion ($3.2billion), according to a stress test conducted by Arqaam Capital, a Dubai-based international investment bank. According to…
- 26 Jul 2016
Don’t Panic over Health of Nigerian Banks - CBN
Godwin Emefiele, governor, Central Bank of Nigeria (CBN), yesterday admitted that given the shocks in the economy currently, there is no doubt that the banking sector was facing its own share of the…
- 20 Jul 2018
Illegal Charges: CBN Orders Banks to Return N65Bn to Nigerians
Central Bank of Nigeria (CBN) said it has ordered banks in the country to refund some N65billion to Nigerians. The money were recovered from the banks as wrongful deductions and charges from…
- 31 May 2016
HID Global Offering Biometric Authentication for Nigerian Bank Security- Sarrail
As the Nigerian banks and the counterparts across the globe continue in search of solutions to identity theft and to reduce waste, fraud and abuse, HID Global has expressed willingness to partner…
- 5 Dec 2017
Report Raises Concerns over Health of Nigerian Banks
A number of banks in Nigeria are living on borrowed time as they struggle to recover sticky assets and pare down their loan loss provisions, according to Business Hallmark. The report said…
- 29 Feb 2016
Nigerians to Boycott Banks Today over Excessive Charges
Nigerians are planning to shun banking activities today to protest exorbitant deductions by commercial banks in the country. Consumer Advocacy Foundation of Nigeria (CAFON), a not-for-profit group…
- 26 Jan 2022
71m Nigerians Operate Bank Accounts without ID- Reps
House of Representatives, Wednesday, alleged that 71 million Nigerians still operate their banks’ accounts without identification. The House has therefore, set up an ad hoc committee, headed by…
- 30 Oct 2024
CBN Puts Nigerian Adults with Certified Bank Accounts @ 54m
About 54 million Nigerian adults have bank accounts recognized by the Central Bank of Nigeria (CBN) representing 52 per cent in 2023, the Apex bank declared on Wednesday in Abuja. The Bank said about…