29 results
- 22 Jul 2016
EFInA Supports LOTUS Capital with $250,000 Grant
Lotus Capital Limited has received a Technical Assistance Grant of $250,000 (Two hundred and fifty thousand Dollars only) from Enhancing Financial Innovation & Access (EFInA) to support the…
- 6 Sept 2021
LOTUS Bank Commences Operations in Three New Locations
With the simultaneous opening of three new locations in Lagos, LOTUS Bank Limited now has physical presence in four locations in Lagos. The newest and third Non-Interest Bank (NIB) in the country,…
- 24 Feb 2026
Lotus Bank, REA Seal N100Bn Deal to Power Rural Nigeria
Lotus bank has strengthened its push for inclusive and sustainable development through a strategic partnership with the Rural Electrification Agency (REA) to widen access to renewable energy…
- 27 Oct 2025
Lotus Bank Drags 45 Banks to Court over Alleged ₦1.1Bn Fraudulent Withdrawals
A Federal High Court sitting in Ikoyi, Lagos, has been asked to intervene in a suit filed by Lotus Bank Limited seeking to recover ₦1,133,808,604.31 allegedly withdrawn by hundreds of its customers…
- 11 Aug 2026
NDPC Probes UNILAG, Lotus Bank, Hackerbella over Alleged Students’ Data Misuse
Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws…
- 25 Mar 2022
FG Launches Capacity Building Programme for Indigenous Startups
The National Information Technology Development Agency, NITDA through one of its subsidiaries, Office for Nigerian Digital Innovation (ONDI), in collaboration with Lotus Beta Analytics Nigeria…
- 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…
- 29 Mar 2018
Lawyer Asks Court to Stop MTN from Listing on NSE
Dr. Charles Mekwunye, Lagos lawyer, has urged the Court of Appeal to restrain MTN from listing its shares on the Nigerian Stock Exchange (NSE), pending the determination of a suit involving him, the…
- 22 Sept 2008
First Inland Bank Boosts Productivity with New Messaging Platform
First Inland Bank has announced the adoption of Microsoft Exchange Server 2007 as part of its commitment to simplifying the work process and increasing productivity. First Inland Bank has a…
- 7 Jan 2017
BoI Disburses N3.1Bn to 14 Microfinance Banks
The Bank of Industry (BoI) says it disbursed N3.1 billion to 14 microfinance banks under its Bottom of Pyramid (BOP) scheme. The scheme is among others designed to enhance the financial inclusion of…
- 25 May 2015
Meristem Deploys Cost-Effective Solution to Manage Technological Issues
Meristem Securities Limited and its subsidiary companies, The Meristem Group, a Nigerian non-banking financial services conglomerate has installed Microsoft Azure, the first Azure in Open Licensing…
- 8 Mar 2013
SEC Gives Nod for Islamic Bonds
Securities and Exchange Commission (SEC) Friday approved rules allowing firms to issue Islamic bonds as part of a broader economic innovation, in a move aimed at attracting foreign direct investment…
- 30 Nov 2022
WISCAR Unveils Illustrious Line-up for 2022 Annual Leadership & Mentoring Conference
Women in Successful Careers (WISCAR), a leading not-for-profit and non-governmental organization focused on women empowerment and strategic mentoring for professional women has unveiled the agenda…
- 24 Feb 2023
SEC, Pencom to Collaborate in Deepening Commodities Ecosystem
The Securities and Exchange Commission (SEC) has expressed its readiness to collaborate with the National Pensions Commissions (Pencom) on areas that would assist in further deepening the commodities…
- 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…
- 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…
- 30 Jul 2024
Summit Bank, New Islamic Bank Gets CBN’s License
Summit Bank, a new Islamic bank has just received provisional licensing from the Central Bank of Nigeria (CBN), to operate non-interest banking, devoid of interest rates. Summit Bank brings to six…
- 27 Feb 2025
Grab the Shikini Season Deal: Showmax Mobile Streaming for Just ₦1,000
Showmax, Africa’s leading streaming service, is making premium entertainment more accessible and affordable for Nigerians with its Showmax Shikini Season – a limited-time-only deal on its General…
- 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…
- 20 Apr 2010
Nokia Features Social Networking, Messaging on New Phones
Nokia has globally introduced three new handsets – the Nokia C3, Nokia C6 and Nokia E5 – designed to put better messaging and social networking tools in the hands of more people around…
- 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…
- 5 May 2009
Nokia Unveils E75 in Nigeria
Nokia, world leader in mobility devices has unveiled its latest product- Nokia E75 for the Nigerian market. Targeted at the business class in the society, the Nokia E75 is the first device with the…
- 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…
- 10 Aug 2026
FG Suspends NAICOM’s N680m Insurance Recapitalisation Fees
Federal Ministry of Finance has halted enforcement of about N680 million in disputed fees imposed by the National Insurance Commission (NAICOM) on NICON Insurance Limited and Nigeria Reinsurance…
- 9 Mar 2009
Nokia Hosts Eseries Business Clinics
To enhance the Eseries experience to consumers in Nigeria, Nokia Nigeria will host Eseries business clinics in March and April this year, during which Nokia Training Managers will take consumers…
- 14 Sept 2017
Nigeria Commences Sale of N100Bn Debut Sovereign Sukuk
Nigeria has started the sale of a N100 billion ($326 million) debut sovereign sukuk on the local market to fund road infrastructure, the Debt Management Office (DMO) said on yesterday. The seven-year…
- 8 Sept 2017
FG Kicks-off Pre-offer Road Show for N100Bn Sukuk Bond
The Debt Management Office has commenced a national road show in Lagos in preparation for the issuance of the much awaited N100bn non-interest bearing Sukuk bond. The DMO, in a statement issued on in…
- 26 Oct 2018
Microsoft 4Afrika deepening Data & AI capabilities in Africa to enhance employability and entrepreneurship
Digital transformation is re-imagining industries around the world. Technology is no longer a nice-to-have, but a necessity for staying in business. Research shows that modern technologies like AI…
- 1 Jan 2019
NSE Expels Diamond Bank, Others from Corporate Governance Index
Nigerian Stock Exchange (NSE) has removed Diamond Bank Plc, Continental Reinsurance Plc and NEM Insurance Plc from its Corporate Governance Index. The NSE, in a statement on Monday, said the…