30 results
- 28 Apr 2015
Tunis International Bank Goes Live on ICS BANKS®
The Tunis International Bank (TIB), the first bank established in Tunisia under the non-resident banking regulations and a member of Burgan Banking Group, the regional banking arm of Kuwait Projects…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 30 Dec 2013
Commercial Banks Owe Osun N1Bn
State government of Osun, at the weekend, said some commercial banks operating in the state is owing it over N1 billion and gave them till December 31, 2013 to pay the debt into the coffers of the…
- 23 Jan 2024
CBN May Ask Banks to Raise Capital Base to N900Bn – Report
Central Bank of Nigeria (CBN) may ask commercial banks with international banking licence to raise their capital base to over N900billion according to a report by CardinalStone Securities. The…
- 29 Jul 2025
Banks Reopen Naira Card Payments for International Tuition Fees
Nigerian banks have resumed processing international tuition payments from Naira accounts through the Central Bank of Nigeria (CBN)’s Form A portal. Form A is an application form designed by the…
- 6 Aug 2018
Keystone Bank Bags Two Awards at International Banker Awards
Keystone Bank Limited, Africa’s most innovative banking service provider shone brightly at the International Banker Awards, 2018 as the lender emerged winner in two categories beating other nominees…
- 3 Oct 2025
NDIC Covers 99 Percent of Commercial Banks’ Deposits – MD
Nigeria Deposit Insurance Corporation (NDIC) currently provides full insurance cover for 98.98 percent of Deposit Money Banks’ total deposits, according to Mr. Thompson Sunday, managing director of…
- 28 Aug 2019
Oromia Bank Goes Live with Upgraded ICSFS Solution
Oromia International Bank, a decade-old private commercial bank, has gone live with an advanced core banking solution. ICS Financial System (ICSFS), a company from the United Kingdom, developed the…
- 20 Dec 2020
CBN Orders Banks to Close Naira Accounts of International Money Transfer Operators
Deposit Money Banks (DMBs) in the country have been ordered to close all Naira accounts operated by International Money Transfer Operators (IMTOs). This directive was given to the commercial banks by…
- 14 Apr 2015
FirstBank Expands African Footprint to Sierra Leone
First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand has unveiled FBNBank Sierra Leone, formerly registered as International Commercial Bank (ICB).…
- 10 Nov 2013
First Bank to Take Over ICB West Africa
FBN Holdings has said that one of its subsidiaries, First Bank of Nigeria Limited is proposing 100 per cent equity interest in the West African banking assets of International Commercial Bank (ICB)…
- 26 May 2026
Fidelity Bank Hits N434.95bn Revenue in Explosive Q1 Growth Surge
Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to expand its core banking market share.…
- 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…
- 22 Sept 2024
NOVA Bank Announces Appointment of Isiavwe, Iloghalu as Executive Directors
NOVA Bank has announced the appointment of David Isiavwe as executive director, Operations and Information Technology, and Chinwe Iloghalu as executive director, Institutional and Commercial Banking.…
- 17 Nov 2020
Mastercard, Network International Partner to Expand Commercial Payment Solutions across Middle East & Africa
Mastercard, a technology leader in the global payments industry, and its strategic partner Network International, the leading enabler of digital commerce across the Middle East & Africa (MEA),…
- 18 Jun 2015
eTranzact Demos New Mobile Banking Architecture
eTranzact International PLC, which has partnerships with over 50 commercial banks and 350 microfinance institutions across Africa, said it believed that the future of banking in Nigeria is mobile.…
- 4 Aug 2020
Post-COVID-19 Economy: UBA Facilitates $1.5Bn Financing for NNPC, NPDC
United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as the lead arranger of a consortium of Nigerian commercial and international banks in a $1.5 billion…
- 11 Sept 2017
BOK International UAE Embraces iMAL Islamic Core Banking System
Path Solutions, the market leading provider of Islamic financial software solutions and services, announced today that Bank of Khartoum Group signed a license to acquire the new ground-breaking…
- 22 Jun 2009
Oceanic Bank Celebrates 19th Anniversary, Gets DMO License to Trade FG Bonds
As Oceanic bank International Plc marks its 19th year anniversary in commercial banking business, the Debt Management Office (DMO) has also granted a license to the bank to bid and trade in Federal…
- 3 Nov 2018
Banks Lose N12.06Bn through Fraud Transactions in 6 Months – CBN
Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of N12.06 billion to fraud and forgeries in the first six months of 2018. This is just as the…
- 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…
- 22 Jan 2024
Seasons of Honours: UBA Wins Several International Awards
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions…
- 2 Nov 2021
COVID-19: IMF Says Nigerian Banks Closed 234 Branches, 649 ATMs
International Monetary Fund (IMF) has said Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid the COVID-19 outbreak. The Bretton Woods institution which said…
- 14 Apr 2014
Kwara to Source N4.4Bn from Banks
The Kwara State Government has said that it would source N4.4billion as internal loans from commercial banks in the state pending when it can access its proposed revised N23 billion bond. The state…
- 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…
- 8 Oct 2020
Access Bank Recommend Ways Toward Achieving SDG
Dr Gregory Jobome, the executive director, Risk Management Division, Access Bank Plc, has called for the adoption of a range of non-traditional mechanisms to raise additional funds for development…
- 22 Jul 2024
Zenith Bank Emerges as Nigeria's Tier-1 Capital Leader for the 15th Consecutive Year @2024 Top 1000 World Banks’ Ranking
Zenith Bank Plc for fifteenth consecutive year has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker…
- 10 Aug 2015
Revealed: Rosabon Study Shows Nigeria Loan Financing Over 5 Years
In the financial sector, there has been continued improvement in performance as the reforms carried out by the Central Bank of Nigeria (CBN) to evolve dynamic financial system continued to have…
- 18 Sept 2018
Access Bank Partners Worldremit On Money Transfer
WorldRemit, international digital money transfer service has partnered with Access Bank for instant money transfers to Access Bank accounts in Nigeria. The new partnership further expands…
- 1 Jun 2009
Union Bank Advises on Fraud Prevention
Mr. Samuel Ayininuola, executive director, commercial banking – south, Union Bank of Nigeria Plc, has charged employees of banks in the country to shun fraudulent practices to enhance and…