30 results
- 25 Jul 2018
Judiciary, Banks Chase Shadows as another Banking Crisis Looms
Nearly ten years ago the Central Bank of Nigeria conducted a deep assessment of the country’s banks. The 2009 exercise exposed large-scale fraud committed by a number of CEOs. To save…
- 7 Feb 2018
Big Banks Ban Purchases of Crypto Assets with Credit Cards
The two largest U.S. banks, JPMorgan Chase and Bank of America, have announced that they will no longer allow cryptocurrency purchases on credit cards they have issued. The ban went into effect on…
- 1 Feb 2016
UBA, Others Make World’s Top 500 Banks
United Bank for Africa, First Bank of Nigeria Limited, Guaranty Trust Bank Plc and Zenith Bank Plc have been named among the world’s top 500 banks. A new study conducted by the United Kingdom-based…
- 22 Feb 2022
FG Sues JP Morgan for $1.7 Bn over Oil Deal
A London court will today (Wednesday) begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The…
- 1 May 2026
Opay Plans IPO in US, Targets $4Bn in Valuation
Opay, a financial technology (fintech) firm, is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for an initial public offering (IPO). According to a report by Bloomberg on…
- 22 Apr 2024
Dimon, JP Morgan CEO Describes Bitcoin as Fraud, Ponzi Scheme
Jamie Dimon, chief executive officer (CEO) of a global banking giant, JP Morgan Chase, has referred to Bitcoin as a Ponzi scheme. This has sparked controversies in the crypto and financial world.…
- 25 Nov 2016
iSON Technologies Urges Skill Transfer Through Public Private Partnerships
iSON Technologies, an arm of iSON Group Africa’s largest IT and ITeS company,with a presence in almost 25 countries in Africa has urged greater public –private partnership in order to further boost…
- 24 Jul 2018
Nova Boosts Operations, Adopts Intellect Digital Core Banking Solution
Nova Merchant Bank Limited has announced the adoption of a new banking solution, the Intellect Digital Core (IDC) Banking platform to boost its operations and enhance its product offerings to its…
- 23 Aug 2021
Fidelity Bank’s Chairman to Lead BDAN
Following the successful completion of Mrs. Osaretin Demuren’s tenure, Mr. Mustafa Chike-Obi, Chairman, Fidelity Bank Plc, has been appointed to take over as President of Bank Directors Association…
- 5 Mar 2014
US Freezes Abacha’s $458m Loot
United States said Wednesday it had ordered a freeze on $458 million in assets stolen by former Nigerian dictator Sani Abacha and his accomplices and hidden in European accounts. The Justice…
- 18 May 2025
Access Holdings Sets Benchmark in Fraud Prevention With ₦193.5Bn Tech Investment
As global financial fraud surges to over $485 billion in annual losses, Access Holdings PLC is setting a new standard in Africa’s banking industry through aggressive and strategic investment in…
- 19 Oct 2025
Richer Banks, Poorer Economy: The Hidden Crisis in Nigeria’s Financial System
By Blaise Udunze Across Africa, banks are getting bigger but not necessarily better. From South Africa’s Standard Bank to Morocco’s Attijariwafa and Egypt’s National Bank, financial institutions are…
- 4 Aug 2015
ISPON Urges Nigerian Banks to Invest in Tech Startups
The Institute of Software Practitioners of Nigeria (ISPON), an umbrella body for indigenous software companies in the country, has recommended that Nigerian banks should emulate their foreign…
- 23 Mar 2024
Tony Elumelu @ 61: Marking Another Milestone
By Chidiebere Nwobodo The unit of life is time. And life is like a leaf of plain white paper you decide what to write on it. This philosophy defined Tony Elumelu’s teenage years. Tony Elumelu Then…
- 8 Sept 2020
EFCC Arraigns Etete’s Malabu Oil for Allegedly Cornering FG’s $401.5m Property
Economic and Financial Crimes Commission (EFCC), on Tuesday, re-arraigned Malabu Oil and Gas Limited on a fresh charge of money laundering. Malabu and Aliyu Abubakar, a businessman, were re-arraigned…
- 7 Jan 2019
Cardless ATMs Expand Despite Security Risks
Cardless ATMs are on the rise, driven partially by the perception that they are safer to use than physical debit cards for withdrawing cash, according to bankrate.com. Besides allowing for faster…
- 14 Sept 2020
Yomi-Ajayi, UBA USA CEO Appointed to US EXIM’s Sub-Saharan Africa Advisory Committee
Sola Yomi-Ajayi, the CEO of the United Bank for Africa (UBA)’s operations in the United States, has been appointed to the Export-Import Bank of the United States (US EXIM) Committee on Sub-Saharan…
- 6 Feb 2018
Bitcoin Extends Slide with a More than 10% Fall
Bitcoin, the world’s best-known cryptocurrency, fell more than 10 percent on Monday and approached three-month lows on concerns about a global regulatory clampdown on the trading of the digital…
- 12 Apr 2024
Financial Firms Lost $2.5Bn To Cyberattacks in 4 Years – IMF
Financial firms have reported significant direct losses, totaling almost $12 billion since 2004 and $2.5 billion since 2020, the International Monetary Fund (IMF) has disclosed. In its April 2024…
- 23 Dec 2025
After the Capital Rush: Who Really Wins Nigeria’s Bank Recapitalisation?
By Blaise Udunze By any standard, Nigeria’s ongoing bank recapitalisation exercise is one of the most consequential financial sector reforms since the 2004-2005 consolidation that shrank the number…
- Financial28 Aug 2026
OPay Eyes Listing on Nigerian Exchange
OPay is considering a listing on the Nigerian Exchange (NGX), amid growing calls for major fintechs to give Nigerian investors access to their growth.
- 19 Aug 2026
Standard Bank Targets Stake in OPay Ahead of IPO – Report
Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States.
- 13 Apr 2016
Phillips, Agbaje, Others to Lead Discussion On RoIs in Uncertain Times
Foluso Phillips, chief executive officer, Philips Consulting Group Nigeria, Segun Agbaje, chief executive officer of GTbank Nigeria Plc are expected to lead a roundtable on change, experience…
- 6 Apr 2016
50 Tops Notable Leaders To Attend Change Leadership Organisation Executive Roundtable
The Change Leadership Organisation, focused on empowering organisations and leaders across Africa to lead transformational change, has announced its exclusive event, The Change Leadership Executive…
- 22 Jul 2019
CIBN Seeks Protection for Customers over Data Breaches
Chartered Institute of Bankers of Nigeria (CIBN) has urged the banking industry to display exemplary ethical conduct in the management of personal information. CIBN made the call over concerns…
- 18 Dec 2014
BlackBerry Launches Classic Device
BlackBerry Ltd launched its long-awaited Classic device on Wednesday, a smartphone it hopes will help it win back market share and woo those still using older versions of its physical keyboard…
- 19 Aug 2020
IHS Holding Mulls Africa’s Biggest IPO worth $7Bn in US
IHS Holding Ltd, wireless towers operator, has reconsidered its plan to be listed on one of the US stock exchanges, according to a press release by Wendel. “We are still waiting for details on the…
- 22 Jul 2019
Interswitch Reignites Plans to Raise $1Bn from IPO
Interswitch, Nigeria’s leading payments processing company has reignited its plans for an initial public offering (IPO), via a dual listing on the Nigerian Stock Exchange and London Stock Exchange…
- 13 Feb 2020
Contactless Payments Tripling by 2024 - Report
Juniper Research reports that contactless payments will triple to $6 trillion worldwide by 2024, from about $2 trillion this year, as OEM mobile wallet transactions increase and banks expand the use…
- 13 Mar 2014
Low Purchasing Power Chasing Coins out of Circulation – CBN
Dr. Sarah Alade, acting governor, Central Bank of Nigeria (CBN) has said that that the low purchasing power of the coin as opposed to other currency denomination is a major reason for its limited…