30 results
- 15 Dec 2015
ICS Banks Islamic Goes Live at Omdurman National Bank
Omdurman National Bank (ONB), the multiple awards wining and the first bank in Sudan to introduce distinguished and modern banking technologies, has gone live with the awards winning solution ICS…
- 4 Jul 2024
NOVA Bank Commences Operations as National Commercial Bank
NOVA Bank has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch in the Victoria Island area of Lagos. This followed Central Bank of…
- 25 May 2015
National Bank Implements iMAL Islamic Core Banking System
Path Solutions, the global Islamic banking software group announced that Kenya-based National Bank successfully went live on April 27th 2015 with iMAL Islamic core banking system for its Islamic…
- 21 Mar 2024
Access Bank to Acquire National Bank of Kenya
Access Holdings Plc has entered into a binding agreement with Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank of Kenya Limited. The deal will see…
- 25 Sept 2013
Prolexic Gets Arab National Bank Job to Mitigate DDoS
Prolexic, the global leader in Distributed Denial of Service (DDoS) protection services, said that Arab National Bank (ANB), a commercial bank serving more than 2 million customers across Saudi…
- 28 Jan 2026
Kuda MFB Secures National Microfinance Banking Licence, Sets Stage for Nationwide Growth
Kuda Microfinance Bank (Kuda MFB) has received a license from the Central Bank of Nigeria (CBN) to operate as a National Microfinance Bank, which means that it can now have a physical presence across…
- 13 Feb 2026
IGP Designates Banks National Security Asset, Orders Crackdown on Cyber Frauds
Kayode Egbetokun, inspector-general of Police (IGP), has declared Nigeria’s banking industry a strategic national asset, ordering an immediate intelligence-led crackdown on cybercriminal networks,…
- 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…
- 4 Apr 2026
Union Bank Looted: How Former Directors Gambled with Billions and Nearly Destroyed a National Bank
The former directors and owners of Union Bank did not just fail, they engineered a financial disaster. They manipulated reports, hid massive losses, diverted foreign loans and treated depositors’…
- 19 Nov 2024
FG to Establish National Youth Development Bank to Support Young Nigerians
Federal Government is to establish a National Youth Development Bank and a Youth Data Bank, according to President Bola Tinubu. President Bola Tinubu, represented by Kashim Shettima, his vice, ,…
- 26 Mar 2025
Heritage Bank Depositors Seek National Assembly's Help to Recover Trapped Funds
Depositors of Heritage Bank with deposits exceeding N5 million have appealed to the National Assembly to intervene and assist in the resolution of the bank’s license by the Central Bank of Nigeria…
- 23 Aug 2010
CSWAMZ not substitute for National Supervision of Banks- Sanusi
Mallam, Sanusi Lamido Sanusi, governor, Central Bank of Nigeria (CBN) has said that the College of Supervisors of the West African Monetary Zone (CSWAMZ) is not a substitute for national supervision…
- 2 Jun 2025
Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’
Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The…
- 27 Sept 2021
Fitch Upgrades Bank Of Industry’s National Rating to ‘AAA(Nga)’
Fitch Ratings has upgraded Bank of Industry’s (BoI) National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga);’ and affirmed the Nigeria-based bank’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a…
- 8 Apr 2021
NAMB Seeks Extension of Recapitalisation Deadline for Microfinance Banks
Yusuf Gyallesu, national president of the National Association of Microfinance Banks (NAMB), has asked Central Bank of Nigeria (CBN) to extend the recapitalisation deadline given to the banks. In the…
- 18 Jan 2010
National ID Card Becomes Criteria for Bank Loans
The Central Bank of Nigeria (CBN) is to make the national identification card amongst others, a criteria for accessing bank loans to further strengthen credit control and forestall the recurrence of…
- 6 Feb 2014
SEC Shuts Down New Nation Fund Managers, Wonder Bank
Securities and Exchange Commission (SEC) has sealed-off 36 offices of New Nation fund managers, an alleged a wonder bank in a bid to protect innocent investors from falling into wrong investment…
- 15 Apr 2024
New National ID Card to Be Issued Via Banks- NIMC
National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks. NIMC said it is working with the Nigerian Interbank Settlement…
- 11 Nov 2020
Heritage Bank Rewards local Content Language for October 1st “National Pledge” rendition
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has rewarded the winners of the rendition of the October 1st National Pledge in Pidgin English in celebration of Nigeria’s 60th…
- 19 Feb 2020
FG’s National Identity Project, Others Get World Bank Nod
The World Bank has approved Nigeria’s digital identity ecosystem project along with five others, aimed at assisting the country to empower citizens, especially marginalised groups, to access…
- 17 Nov 2025
Fidelity Bank reaffirms commitment to youth development, national pride, and community building through Gymfest 2.0
Fidelity Bank Plc, leading financial institution, has reiterated its commitment to youth empowerment by serving as the headline sponsor of Gymfest Championship 2.0. The competition, which held in…
- 18 Sept 2013
ICS Financial Systems Extends ICS BANKS Islamic,s Client Base in Sudan
Omdurman National Bank (ONB), the First Bank in Africa and the 25th worldwide according to classification of The Banker Magazine, has selected the award winning solution ICS BANKS® ISLAMIC from…
- 23 Aug 2021
Hijra Bank Selects Path Solutions Core Banking Platform
After receiving the green light from the National Bank of Ethiopia (NBE), Hijra Bank, the second fully-fledged interest-free bank in the country has engaged in a highly competitive bidding and…
- 16 Jan 2013
Credit, Others Delay SGBN, Savannah Banks' Opening
Societe Generale Bank of Nigeria (SGBN) and Savannah Bank of Nigeria are yet to open shops because of their inability to meet the credit terms of the Central Bank of Nigeria (CBN). The Nation…
- 26 Jan 2023
CBN, NIBSS Unveil ‘Afrigo’ Nigeria’s National Domestic Card Scheme
Central Bank of Nigeria on Thursday officially unveiled the Nigerian National Domestic Card Scheme – AFRIGO, in conjunction with the Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, the Bankers…
- 26 Jul 2010
CBN Set to Enforce National Central Switch Monopoly
Central Bank of Nigeria (CBN) is set to release a memo on e-payment interoperability in the country that will mandate that banks should connect to the National Central Switch (NCS) and any other…
- 12 Apr 2016
NIMC Faults Banks for Turning Down NIN Slip
The National Identity Management Commission (NIMC) has condemned commercial banks for declining the National Identity Number (NIN) slip for transactions. NIMC had during the commencement of NIN…
- 19 Nov 2019
Labour to Shut Down Banks Nationwide over Failure to Review Agreement
Workers in the nation’s banking sector at the weekend threatened to ground all banking operations nationwide beginning from January 2, 2020. Association of Senior Staff of Banks, Insurance and…
- 14 Jul 2008
Microfinance Banks Faults CBN on Statutory Returns
National Association of Micro-Finance Banks of Nigeria (NAMFBN) has faulted the Central Bank of Nigeria (CBN) on the alleged non-rendering of statutory accounts by over 50 percent of members of the…
- 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…