30 results
- 19 Jan 2024
Access Bank to Acquire 80 Percent Stake in Finance Trust Bank
Access Holdings Plc said its subsidiary, Access Bank has agreed to acquire a majority stake of 80 per cent in Finance Trust Bank Limited (FTB) in Uganda. The deal will also see Access Bank…
- 23 Dec 2021
Titan Trust Bank Acquires Union Bank
Titan Trust Bank Limited (TTB), one of the fastest-growing and customer-centric financial service providers in Nigeria, has acquired Union Bank of Nigeria Plc. This followed an agreement by Union…
- 3 Jun 2022
Union Bank Completes Sale to Titan Trust Bank
Union Bank of Nigeria (UBN) Plc announced it has completed the transfer of its 93.41 per cent share capital to Titan Trust Bank (TTB). This comes as it also revealed it has completed the divestment…
- 14 Nov 2023
Interswitch System Glitch: Court Orders Freezing of Accounts in 54 Banks
Justice Peter Lifu (JP) of a Federal High Court sitting in Lagos has granted an order freezing some accounts in about 54 financial institutions in the country where alleged funds from Interswitch…
- 3 Nov 2025
FBNQuest Merchant Bank Named MSME Trade Finance & Non-Oil Export Merchant Bank of the Year
FBNQuest Merchant Bank Limited, a leading provider of investment and wealth management solutions in Nigeria, is proud to announce its recognition as the MSME Trade Finance & Non-Oil Export…
- 21 Nov 2013
Terrorist Financing: Banks Meet over Plan for Nationwide Shutdown
National Union of Banks, Insurance and Financial Institutions Employees (NUBIFE) said it will meet today to discuss the planned shut down operations nation wide in protest over the continued…
- 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…
- 23 May 2023
CBN Revokes Licences of 132 Microfinance Banks, Others
Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was…
- 26 Dec 2023
TitanTrust Bank / Union Bank: A Call for Transparency by Investigators
By Azubike Ugwu In the last three days, we have seen a storm of allegations regarding the ownership of Titan Trust Bank Limited (TTB) and Union Bank of Nigeria Plc ("Union Bank"), and this has…
- 19 Nov 2013
Worries over Arrests of Top Bankers for Alleged Terrorist Financing
The banking industry and State Security Service (SSS) are embroiled in claims and denials over the continued detention of senior personnel of 13 Nigerian banks for alleged terrorist financing and…
- 21 May 2015
Loan Dodgers Owe Banks N138Bn
Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138 billion in the 2014 financial year, according to calculations by the Punch Newspaper. Data obtained from the 2014…
- 20 Nov 2016
NNPC, Shell Sign MoUs with Nigerian Banks for $2.2Bn Contractor Financing Support
Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC) has signed Memoranda of Understanding (MoUs) with eight Nigerian banks under the refreshed Shell…
- 20 Nov 2016
NNPC, Shell Sign MoUs with Nigerian Banks for $2.2Bn Contractor Financing Support
Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC) has signed Memoranda of Understanding (MoUs) with eight Nigerian banks under the refreshed Shell…
- 27 Oct 2025
Erosion of Trust: How Hidden Charges, Downtime Are Bankrupting Confidence in Nigerian Banks
By Blaise Udunze In a society where trust is the lifeblood of finance, Nigeria’s banking sector seems to be bleeding credibility at an alarming rate. The relationship between banks and their…
- 12 Oct 2015
GTB Partners AFD for Long Term Financing of SMEs in Nigeria
Guaranty Trust Bank plc, foremost African financial institution, has partnered with Agence Française de Développement (AFD) to launch the N3 Billion Ariz Portfolio Guarantee Scheme, an initiative…
- 4 Aug 2015
Lamudi Nigeria, Imperial Homes in Partnership for Mortgages Accessible
Nigeria’s largest online property platform, Lamudi Nigeria has entered into a unique partnership with leading mortgage bank, Imperial Homes Mortgage Bank Limited, to extend access to affordable…
- 15 Jun 2010
Banks Grant MTN N318 Billion Loan Facilities
MTN Nigeria, Nigeria’s leading telecommunications company has received fresh loan facilities to enable the company further expand its network across the country. A consortium of 15 Nigerian…
- 7 Oct 2025
FG-backed mortgage reforms help over 700 Nigerians become homeowners in 6 months
More than 700 Nigerians have successfully transitioned from renters to homeowners within six months, following the implementation of landmark mortgage reforms spearheaded by the Federal Government…
- 14 Oct 2013
Ecobank, Others Ink $7.5b Contractors’ Initiative Pact
Ecobank Nigeria and seven other leading deposit money banks in the country, at the weekend, in Port Harcourt, Rivers State, signed a Memorandum of Understanding (MoU) with Total Exploration and…
- 21 Jan 2019
Al Mustashar Islamic Bank Goes Live in Record Time with ICS BANKS ISLAMIC
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Al Mustashar Islamic Bank, a recently established bank in Iraq,…
- 24 Apr 2013
MTN Secures $3Bn Facility to Upgrade Network
MTN Nigeria, with the largest subscriber base in the country has secured a $3 billion (about N470 billion) loan facility from a consortium of local and international financial institutions to upgrade…
- 11 Mar 2025
EFCC Uncovers 58 Ponzi Schemes Targeting to Defraud Nigerians
Economic and Financial Crimes Commission (EFCC) has issued a public alert on 58 companies allegedly running illegal Ponzi schemes in Nigeria, warning citizens against investing in them. In a…
- 20 Oct 2016
Uber, FirstBank Partnership Paves Way for Driver-Partners to Grow Own Businesses
Uber Nigeria on Wednesday announced that it is now making low-interest, used-vehicle loans available to its top-rated driver-partners. The pioneering move is the result of partnerships entered into…
- 14 Oct 2019
ICS Financial Systems to Participate at Islamic Finance Week 2019 - AIFC
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has participated in the Astana International Financial Centre (AIFC) -Islamic…
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 4 Oct 2016
FBN Capital Receives ‘Best Investment Bank Award’
FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc, has received the prestigious ‘Best Africa Investment Bank Award’ for the second consecutive year. The…
- 6 Mar 2026
Quest Merchant Bank Achieves CBN Regulatory Recapitalisation Milestone
Quest Merchant Bank Limited has successfully met the ₦50 billion minimum capital requirement mandated for merchant banks by the Central Bank of Nigeria (CBN) strengthening the Bank’s capital base and…
- 10 May 2018
Shell Fund Supports Nigerian Contractors with N472Bn loans
Some 290 Nigerian contractors have received loans worth more than N472 billion under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in…
- 15 Jul 2014
Path Solutions is No. 1 Best Selling Islamic Software Provider Worldwide for 5th Year
Path Solutions, a global leader in Islamic banking software solutions and services, today announced that it has maintained its 1st place position in the IBS Islamic Core Banking Systems Sales League…
- 6 Jul 2026
Zedvance appoints Prof. Olanrewaju as board chairman
Zedvance Finance Limited has appointed Professor Pius 'Deji' Olanrewaju as Chairman of its Board of Directors, effective July 1, subject to the approval of the Central Bank of Nigeria (CBN).…