12 results
- 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…
- 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Lagos, has been asked to intervene in a suit filed by Lotus Bank Limited seeking to recover ₦1,133,808,604.31 allegedly withdrawn by hundreds of its customers…
- 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,…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…