20 results
- 6 Nov 2019
Globus Bank Begins Operation
Globus Bank Limited, a new bank licensed by the Central Bank of Nigeria (CBN), has announced the launch of its operations in Nigeria. The Bank aims to be the leading digital bank in the country by…
- 3 Sept 2024
Rating Agencies Reaffirm Globus Bank National Credit Rating of A-, Stable Outlook
Globus Bank said Nigeria’s foremost rating agencies, Agusto & Co last month, affirmed its A- rating, describing the bank as “A financial institution of good financial condition and strong…
- 19 May 2026
Court Orders Globus Bank to Pay Firm N256m for Breach of Contract
A High Court of the Federal Capital Territory, presided by Justice Christopher Oba, has ordered Globus Bank Ltd to pay a total of N256 million to an Abuja-based company, Haril Global Solutions Ltd,…
- 23 Jul 2019
CBN Gives 3 New Banks Nod to Start Operations
Central Bank of Nigeria (CBN) has confirmed the licensing of three new banks by adding them under different lists published on its website. The new operators are Titan Trust Bank Limited, TAJ…
- 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…
- 11 May 2009
Equitorial Trust Bank signs on Finacle
Equitorial Trust Bank Plc, has signed Finacle universal banking application from Infosys Technologies, India to replace their current legacy Globus banking application. ETB also joins other banks…
- 9 Mar 2021
Firm Asks Court to Freeze SAP Accounts over Alleged Contract Breach
B4G Consulting Ltd has asked a Lagos State High Court to restrain Systems Applications Products (SAP) from dissipating $3,371,945.27 and N5mllion with 28 Respondents including the Central Bank of…
- 25 May 2026
NIBSS Blames System Glitch for Disappearance of N13.66Bn, Seeks Court Nod for Recovery
Nigeria Inter-Bank Settlement System Plc (NIBSS) has sued 19 commercial and microfinance banks, over N13.66 billion allegedly lost to unauthorized transfers following a major glitch on its payment…
- 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…
- 18 Jan 2026
Here Are Nigerian Banks That Have Secured Their Licences
Nigeria's banking sector recapitalization, mandated by the Central Bank of Nigeria (CBN) in March 2024, requires banks to meet tiered minimum paid-up capital thresholds by March 31, 2026: ₦500…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 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…
- 21 Dec 2021
CeBIH Seeks Collaboration to Fix Challenges Facing e-Business Industry
Adeyemi Atanda, the Chairman of the Committee of E-Business Industry Heads (CeBIH), has stated that the challenges facing the e-business industry in Nigeria could be fixed if more collaboration is…
- 28 Mar 2025
Titan Trust Bank Selects Oracle FSS for Core and Digital Banking Technology
Titan Trust Bank has selected Oracle FSS for its core and digital banking technology, it is understood. The start-up bank recently obtained its license by the Central Bank of Nigeria (CBN). It’s…
- 24 Oct 2025
Recapitalisation Reality Check: Uncovering the Truth Behind Nigeria’s Banking Boom
By Blaise Udunze When the Central Bank of Nigeria (CBN) announced a new round of bank recapitalisation in March 2024, many expected the leading banks, especially those boasting record-breaking…
- 5 Oct 2025
NIBSS Targets Zero Transfer Fees on Instant Payments by 2026
Nigeria’s Interbank Settlement System (NIBSS) has unveiled plans to eliminate transfer fees on its NIBSS Instant Payment (NIP) platform by 2026, a move designed to accelerate the country’s transition…
- 11 Jan 2010
Afribank Boosts Collection Efficiency
Afribank Nigeria Plc has boosted its revenue collections nationwide for both private and public institutions by leveraging on its simplified service processing and robust banking information…
- 23 Feb 2009
Ban on Forex: Fears of System Collapse Looms
Central Bank of Nigeria (CBN)’s threat to restrict foreign exchange allocation to importers of banking applications may trigger the collapse of key technology infrastructure in the financial…
- 13 Sept 2016
Release my $15m, Mrs. Jonathan Tells EFCC
Dame Patience Jonathan, the wife of former President Goodluck Jonathan, said she was using her $15m, which was frozen in four companies’ accounts, to settle medical bills while she was out of the…