30 results
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 6 Apr 2017
FG Approves $1.3Bn Take-off Grant for Development Bank of Nigeria
The Federal Executive Council has approved a 1.3 billion dollars loan credit facility for the commencement of the Development Bank of Nigeria. The approval came on the heels of a memo submitted by…
- 26 Sept 2022
Development Bank of Nigeria to Hold its 3rd Annual Lecture Series
Development Bank of Nigeria Plc, Nigeria’s first wholesale development finance institution is set to hold its 3rd annual lecture series, a thought leadership initiative that provides a platform for a…
- 19 Jan 2018
Nigeria Offers to Host African Development Bank’s Regional Hub
Counting on its position as the largest shareholder of the Bank since inception, the Government of Nigeria has made a formal request to the African Development Bank to host its regional office in…
- 23 Aug 2020
Nigeria Doubles African Development Bank Voting Rights
Nigeria has almost doubled its voting rights in the African Development Bank to 16.8% before the lender’s annual meetings next week, as one of its own seeks re-election at the helm of the lender…
- 1 Oct 2019
CBN, Banks to Develop Creative Industry Parks across Nigeria
Central Bank of Nigeria (CBN) is to develop creative industries parks across three major cities, with Lagos as the pilot scheme, according to Mr. Godwin Emeifele, governor of the apex bank. …
- 3 Mar 2019
First Bank Marks 125th Anniversary, Recommits to Nigeria’s Development
First Bank of Nigeria Limited has said that it would remain committed to the development and growth of Nigeria as well as the financial industry through enhanced service delivery. Dr Adesola…
- 29 Sept 2024
Polaris Bank emerges Nigeria’s top bank in MSME lending
Nigeria’s leading digital retail commercial bank, Polaris Bank was adjudged at the weekend as Nigeria’s topmost bank in lending to the Micro, Small and Medium Enterprises (MSMEs). The award…
- 25 Aug 2013
Union Bank Develops ‘Bank-of -the-Future’ Prototype
Union Bank of Nigeria Plc has entered into a collaborative initiative with Samsung Electronics West Africa, to develop a ‘Bank-of -the-Future’ prototype aimed at providing superior experience in…
- 8 Mar 2018
TeamApt Partners Open Banking Nigeria for Digital Banking to Serve Customers Better
TeamApt, a leading financial technology firm, has announced its collaboration with Open Banking Nigeria, a not-for-profit founded by banking and financial technology industry veterans to introduce…
- 3 Oct 2024
Polaris Bank Emerges Nigeria’s Top Bank in MSME Lending
Polaris Bank, a money deposit retail bank in Nigeria, has been recognised as the country’s top bank in Micro, Small, and Medium Enterprises (MSME) lending at the inaugural MSME Finance Awards 2024.…
- 9 Mar 2023
CBN Approves Guidelines for Open Banking in Nigeria
Central Bank of Nigeria (CBN) has approved operational guidelines for open banking in Nigeria. The guideline was released via a circular by Musa Jimoh, the Director of the CBN’s Payments System…
- 30 Oct 2014
IFC partners FCMB Bank to Develop Smaller Businesses in Nigeria
IFC, a member of the World Bank Group, has announced an $87.5 million loan to Nigerian bank FCMB that will help fund infrastructure, green energy projects, and strengthen smaller businesses in the…
- 6 Oct 2014
FG urges EU to Invest in Development Bank
Federal Government has urged the European Union to invest in the proposed Wholesale Development Bank through the union’s development financing outfit, the European Development Bank. A statement from…
- 15 Jan 2026
Paystack Buys Microfinance Bank, Enters Nigeria Banking Arena
Paystack, the Nigerian fintech company backed by global payments giant Stripe, has made a strategic entry into the regulated banking space in Nigeria with the acquisition of Ladder Microfinance Bank,…
- 7 Dec 2018
Airtel Nigeria Banks on 40m Subscribers for “Payment Bank”
Airtel Nigeria is to set up a payment service bank (PSB) in Nigeria, that would help to deliver mobile banking services to its teeming customers, according to Segun Ogunsanya, its managing director.…
- 31 Aug 2025
Union Bank of Nigeria Completes Merger with Titan Trust Bank
Union Bank of Nigeria, one of the nation’s longest standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval…
- 6 Jun 2022
Fidelity Bank Bags Award for Best SME Bank in Nigeria
Fidelity Bank Plc, one of the Nigeria’s foremost financial institutions, has added yet another accolade to its burgeoning collection of awards. This time, the Bank has been recognized as the ‘Best…
- 11 Oct 2023
FBNQuest Partners Teach for Nigeria to Promote Educational Development in Nigeria
FBNQuest, the investment banking and asset management business of FBN Holdings Plc, recently partnered with Teach for Nigeria (TFN) to deliver a charity walk to support education for underprivileged…
- 9 May 2013
Nigeria Owes The World Bank, AfDB $5.3Bn
Nigeria is owing the World Bank Group and African Development Bank (AfDB) has reached $5.34billion, accounting for 80.19 per cent of the country’s total $6.67 billion external debt. The country’s…
- 7 Aug 2020
Standard Chartered Unveils Premium Banking In Nigeria
Standard Chartered Bank (Nigeria) has launched its Premium Banking segment in Nigeria. The segment is designed to cater to the financial needs of the Emerging Affluent providing a wide variety of…
- 21 Jan 2020
SunTrust Bank Nigeria To Revamp Its Partnership With ICSFS
SunTrust Bank Nigeria, a privately held commercial bank in Nigeria, has recently conducted an executive incentivised meeting with ICS Financial Systems Limited (ICSFS), the global software and…
- 8 May 2026
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria
The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for…
- 5 May 2009
A Case for Mobile Banking in Nigeria
Nigeria is on the verge of mobile banking explosion, a phenomenon which is expected to push up the number of the banked in the country from a pathetic 15 per cent mark. Recently, the Central Bank of…
- 25 Mar 2018
How FG Can Score with ICT Development Bank
Nigeria has made much progress in the ICT sector with investments in excess $70 billion. With contribution of 11.3 per cent to the nation’s Gross Domestic Product (GDP); the ICT sector has…
- 24 Mar 2019
Local Software Developers Berate Banks over Non Patronage
Indigenous software developers have berated financial institutions in the country over lack of patronage of home grown core banking applications. This is as Nigeria commercial banks spend some…
- 15 Jun 2010
Insurance and Banking in Nigeria: Any Relationship?
Under the financial services sector, banks and insurance companies fall within the same tripod, alongside the capital market. As the Central Bank of Nigeria continues in its reform of the banking…
- 16 Aug 2026
Union Bank Nigeria Secures PCI DSS v4.0.1 Certification, Strengthens Payment Card Security
Union Bank of Nigeria has attained certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, effective Aug. 11, 2026.
- 2 Dec 2014
GTBank Named “Best Bank in Nigeria ” by The Banker
Guaranty Trust Bank Plc has won the “Best Bank in Nigeria for 2014” by The Banker Magazine (a publication of The Financial Times) for promoting industry-wide excellence in Global Banking Ethics and…
- 30 Mar 2017
CBN Grants National License to DBN
The Central bank of Nigeria (CBN) has granted a national license as a Wholesale Development Finance Institution to the Development Bank of Nigeria (DBN) Plc. As a wholesale bank, the DBN will lend…