29 results
- 30 Jan 2022
CBN Amends Operational Guidelines of GSI to Allow Limitless Loan Recovery
Central Bank of Nigeria (CBN) has amended the operational guidelines of the Global Standing Instruction (GSI) to allow for continuous and unrestricted loan recovery by Deposit Money Banks (DMBs) and…
- 13 Jul 2020
CBN Empowers Banks to Debit Accounts of Loan Defaulters
Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit account of loan defaulters without recourse to the account holders. Mr.…
- 20 Aug 2020
CIBN Urges Stability of Financial System
The Chartered Institute of Bankers of Nigeria, CIBN, has stressed the need to create stability within the financial system which it said will go a long way in promoting economic prosperity of the…
- 31 May 2026
Nigerian Banks Under Pressure as Bad Loans Hit 8.03% After CBN Policy Shift
Non-performing loans (NPLs) in Nigeria’s banking sector rose to 8.03 per cent in January 2026, exceeding the Central Bank of Nigeria’s (CBN) prudential threshold of five per cent, following the…
- 4 Aug 2020
Banks Begin to Seize Debtors' Funds in Other Banks
Tough times lie ahead for serial bank debtors as there is no a hiding place for them as banks begin to debit their various accounts to settle their debts. Businessamlive.com reported that Central…
- 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…
- 3 Sept 2020
KPMG Decries Poor Digital Capabilities of Nigerian Banks
A recent study on the digital capabilities of the Nigeria banking industry carried out by KPMG Nigeria has revealed that most of the banks in the country lacked the ability to onboard a customer with…
- 4 Nov 2020
Ecobank Urges More Collaboration Among Fintech, Banks and Telcos
Patrick Akinwuntan, Managing Director, Ecobank Nigeria, has called for a robust collaboration between Fintech, banks, and telecommunications companies to spur markets in health, agriculture,…
- 1 Nov 2021
Banks Begin Recovery from Various Accounts of Chronic Debtors
Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of non-performing loans in the industry, findings have revealed. Daily…
- 13 Jan 2023
CBN says Banking System Remains Resilient
The banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022. The Central Bank of Nigeria…
- 27 Nov 2023
CBN Activates GSI, Automatic Debit Orders on Debtors Accounts
Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to begin debiting various loan defaulters as it seeks to build back a better financial system. According to a recent circular…
- 27 May 2020
UBA Revamps Kiddies, Teens Accounts; Dangles Freebies
United Bank for Africa (UBA) Plc, Pan African financial institution, is set to reward consistent customers with a 13th month cash reward as well as access to scholarships in the upgraded and revamped…
- 28 Jul 2008
IT and Banking in Nigeria
In the last ten years, banks in developed economies have been investing more and more in information technology (IT) as a means of reducing costs as well as improving operational efficiency. In…
- 19 Jul 2022
Heritage Bank Drives Sustainable Banking Practices, Feeds 500 Underprivileged Children
As part of its sustainability drive in the corporate social responsibility space, Heritage Bank Plc has reiterated its commitment to improving the welfare and economic development of communities by…
- 7 Nov 2017
Allianz Pioneers Blockchain Prototype for the Captive Insurance Market
Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global ‘captive’ insurance program including cash transfer between countries. AGCS’s…
- 10 Mar 2015
Jumia Wins EMEA Channel Academy 2015 Awards
Jumia Nigeria has bagged Retailer of the Year Award under EMEA Channel Academy Award 2015. Stuart J. Wilson, research & conference director, DISTREE Events, said in his letter addressed to Jumia…
- 10 May 2026
Interswitch Inducts 3rd Interns into Its Developer Academy
Interswitch, an integrated payments and digital commerce company, has announced the induction of the third and largest cohort of developer interns into its Developer Academy, reinforcing its…
- 8 Feb 2022
5 Safety Tips to Promote a More Empowering Experience for Youths Online
You will have a more empowering experience online, when you're sharing with the people you care about and engaging with the communities that interest you the most. That is why on this year's Safer…
- 3 Dec 2016
3Q16: Softened Enterprise Demand Causes Server Market Revenue Declines to 7.0%- IDC
According to the International Data Corporation (IDC) Worldwide Quarterly Server Tracker, vendor revenue in the worldwide server market declined 7.0% year over year to $12.5 billion in the third…
- 22 Dec 2013
ITU Meeting on Green ICT Standards Tackles e-Waste, Energy Efficiency
A meeting of ITU’s expert group on green ICT has resulted in new standards including an environmentally friendly universal charger for laptops as well as other portable devices (ITU-T L.1002), and a…
- 7 Apr 2026
From Import Dependency to Local Capacity: Nigeria's Tech Manufacturing Journey
The recent escalation in the US-Israel conflict with Iran has delivered a sharp reminder of Nigeria's economic vulnerability. As oil prices surged past $100 per barrel and fuel costs climbed by 35%…
- 18 Jul 2021
Women to Lead Corporate Nigeria from 2026 As Predicted By Ekeh, Zinox Boss
By Hilary Audu, In a world that is predominantly patriarchal in nature, it is refreshing to see the women-folk doing great things and giving the men-folk a good run for their money. Leo Stan Ekeh,…
- 7 Jul 2014
CBO Prioritises SMEs Funding For Nigeria’s IT Growth- Nwawudu
Bex Nwawudu, managing partner and co-founder, CBO investment management, has nearly two decades of experience in private equity, investment banking, proprietary trading, and principal investing with…
- 26 Oct 2025
FG to Train One Million Youths under TVET for Entrepreneurship, National Development
The Federal Government has commenced the training of nearly one million Nigerian youths under the Technical and Vocational Education and Training (TVET) initiative of the Federal Ministry of…
- 7 Sept 2025
EFCC Admits Weak Regulation Opens Crypto Investors to Fraud
Economic and Financial Crimes Commission (EFCC) of Nigeria has warned about the risks of opening crypto investors to fraudulent elements. Ola Olukoyede, Speaking on behalf of the organization, Ola…
- 26 Dec 2018
IMF Predicts 4% Growth for Lagos
With its Gross Domestic Product (GDP) currently standing at $136 billion, Lagos economy will record four per cent growth in 2019 while the national economy will grow by 2.8 per cent, the…
- 13 Mar 2025
6 AI Hacks Helping Nigerian Gen Zs Hustle Smarter, Live Better, and Stay Ahead
Nigerian Gen Zs are finding new ways to win — turning their creativity, hustle, and lifestyle into opportunities to stand out and stay ahead. Whether they’re building their social media presence,…
- 8 Sept 2008
Stimulating Investment in Telecoms
Nigeria as one of the largest and fastest growing markets offers particularly attractive opportunities, starting with the fact that less than 40 percent of the country has been covered with…
- 10 Oct 2022
I’ve Never Met Benjamin Joseph, My Alleged Blackmailer – Ekeh, Zinox Boss
Chairman, Zinox Group, Leo Stan Ekeh has cautioned contemporary African entrepreneurs to guard against a rising wave of corporate blackmail, even as he disclosed that he has never met one Benjamin…