30 results
- 16 Dec 2025
CBN Revokes Licences of Aso, Union Homes Mortgage Banks Over Regulatory Breaches
Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory breaches that undermined the safety…
- 16 Dec 2025
CBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
Nigeria’s banking regulators have moved to shut down two mortgage lenders after prolonged financial distress, as authorities intensify efforts to enforce capital discipline and restore confidence in…
- 21 Jan 2022
Adenmosun, Ex- Director of Bank PHB Arraigned over Alleged N26.6Bn Fraud
Economic and Financial Crimes Commission (EFCC), Friday, arraigned Samuel Funmi Adenmosun, a former director of Bank PHB (now Keystone), before a Federal High Court, Lagos over alleged money…
- 23 Mar 2009
Oceanic Homes’ Affordable Houses
Oceanic Homes Savings and Loans Limited in conjunction with AHCON Estates Limited is developing an 800 Unit housing Estate, AHCON Garden Estate in Agbara, Ogun State to boost government efforts at…
- 24 Feb 2022
FCMB Unveils Mortgage Loans for Customers
First City Monument Bank has announced mortgage loans for Nigerians who want to own their homes. According to a statement, the bank is offering Nigerians mortgage loans of up to N75m, and anyone can…
- 22 Apr 2019
CBN Bans Mortgage Banks from Granting Dollar Loans
Central Bank of Nigeria (CBN) has barred Primary Mortgage Banks from granting foreign currency denominated mortgage loans to customers, according to a draft guideline for the licensing and regulation…
- 5 Mar 2012
FirstBank Empowers Small Businesses with U-First Products
Buoyed by constant innovation, FirstBank has progressively demonstrated that its product offering transcends the regular lending, deposits, trade and treasury products, to the development of…
- 8 Mar 2012
FirstBank Empowers Small Businesses with U-First Products
Buoyed by constant innovation, FirstBank has progressively demonstrated that its product offering transcends the regular lending, deposits, trade and treasury products, to the development of…
- 1 Jul 2021
UBA Leads Peers in Stimulating Economic Growth in Africa through Consumer Lending
United Bank for Africa (UBA) Plc, Pan African financial Institution, has reiterated its support for SME business and businesses through consumer lending and have innovated with niche products that…
- 1 Jan 2020
NSE Lifts Suspension on Omatek Ventures after 2 Years
Nigerian Stock Exchange (NSE) has lifted suspension on trading in the shares of Omatek Ventures Plc as the troubled computer firm continues efforts to stabilise its operations and governance…
- 6 Jul 2017
NSE Axes Omatek, 16 Others over Corporate Failures
Nigerian Stock Exchange (NSE) has suspended trading on the shares of Omatek Ventures and 16 companies over their failures to uphold best corporate governance practices and submit their accounts and…
- 16 Feb 2009
Global Crisis: Scammers Bait Victims
Financial scammers are now leveraging on the global economic recession to rip off unsuspecting victims of their hard earned money through phishing and email that promise financial reward to…
- 11 Aug 2008
Identity Thieves Steal N7.4Bn from Banks
Nigeria financial institutions lost some N7.3billion last year to cyber thieves, underscoring the greatest and perhaps most dangerous threat to the development of the country, Nigeria…
- 27 May 2017
Access Bank Unveils ‘Family Savings Scheme’ to Boost Savings
Access Bank Plc has unveiled a new savings scheme tagged ‘Family Savings Scheme’ initiated to give its customers a boost in their savings. The exercise is in line with the Bank’s commitment to…
- 8 Jul 2020
Buyer Beware: NSE Issues Caveat on 13 Companies
Nigerian Stock Exchange (NSE) has warned investors to be wary when dealing with shares of 13 companies after they failed to meet regulatory deadlines for the submission of their financial statements…
- 16 Jun 2019
NSE Raises Red Flag on 34 Firms, Issues Caveat
Nigerian Stock Exchange (NSE) has placed cautionary red alerts on 34 companies for their inability to meet listing requirements, implying underlying corporate governance weaknesses that investors…
- 10 Mar 2021
FG Approves Paternity Leave for NITDA Staff
Federal government has approved paternity and compassionate leave, among others, for the staff of the National Information Technology Development Agency (NITDA), according to Dr Isa Pantami, minister…
- 13 Jun 2018
Specta, Sterling Bank’s Online Platform Advances N2Bn Loans in 4 Months
Specta, the revolutionary lending platform powered by Sterling Bank, has advanced consumer loans worth N2billion to salaried workers who are members of the lending platform’s pre-approved community.…
- 15 Aug 2017
Russian Bank Targets Nigeria, others in Expansion Drive
Promsvyazbank, one of Russia’s largest privately-held banks, is looking to Nigeria and other Africa countries to expand its business, one of its senior executives told Reuters. Alexander…
- 1 Aug 2023
Beyond doing good: Why ESG makes great business sense for African fintechs
By Funmi Dele-Giwa, General Counsel & Head, GRC at MFS Africa If you’re reading this, there’s a very good chance you’re already familiar with the acronym ESG. Standing for “environmental”,…
- 1 Jan 2025
Corporate Blackmailers as Tinubu’s Enemies
By Aliyu Gaya Corporate blackmail is fast becoming the fancy of some netizens, corporate bodies, individuals, especially fly-by-night persons who target the rich and their businesses for diverse…
- 19 Apr 2014
Africa’s Financial Service Growth Provides Opportunity-DHL
DHL are seeing robust growth from their financial services customers in Africa and while the banking sector continues to play a significant role in economic development for the continent, the…
- 27 Mar 2026
NDIC Insures 99 Percent of Bank Customers
Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to protecting depositors and sustaining confidence in the nation’s banking system, declaring that its insurance framework…
- 8 Feb 2017
Fidelity Bank Targets Electronic Banking for Growth
Fidelity Bank is targeting retail clients using low-cost electronic channels to boost profits after a recession in Africa's biggest economy forced the mid-tier lender to slow loan growth, a senior…
- 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…
- 9 Feb 2026
NDIC Says No Customer Loses Deposits in Failed Banks
Nigeria Insurance Deposit Corporation (NDIC) has guaranteed customers of insured commercial banks prompt recovery of their deposits in the event of risk liability or liquidation. In addition, the…
- 12 Feb 2026
NDIC Moves to Boost Customers’ Confidence in Nigerian Banks
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to safeguarding the nation’s financial system, announcing that its recent upward review of the maximum deposit insurance…
- 24 Jun 2020
Access Bank Excites SMEs with Digital Cashflow Lending
Access Bank Plc has launched a digital lending portal, ‘Cashflow Loans’, as part of its effort to provide access to finance for SMEs to grow and expand their businesses. In a statement, “Cashflow…
- 25 Dec 2018
Diamond Bank Makes Mobile Banking Easier for Customers, Non-customers
Diamond Bank, has announced the launch of new exciting features on its mobile app to provide customers unrivalled experience in bill payments and their respective business transactions. …
- 9 May 2023
Interswitch Partners Credit Bank of Kenya, IFAD to Deepen Remittance
As part of sustained efforts to create solutions that enable individuals and communities prosper across the continent, Interswitch Group, Africa’s leading integrated payments and digital commerce…