30 results
- 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…
- 29 Sept 2024
Polaris Bank emerges Nigeria’s top bank in MSME lending
Nigeria’s leading digital retail commercial bank, Polaris Bank was adjudged at the weekend as Nigeria’s topmost bank in lending to the Micro, Small and Medium Enterprises (MSMEs). The award…
- 8 Mar 2018
TeamApt Partners Open Banking Nigeria for Digital Banking to Serve Customers Better
TeamApt, a leading financial technology firm, has announced its collaboration with Open Banking Nigeria, a not-for-profit founded by banking and financial technology industry veterans to introduce…
- 13 Jul 2016
GTBank Win Bank in Nigeria, Best Digital Bank in Africa @ Euromoney Awards
Guaranty Trust Bank plc, foremost African financial institution; reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Bank in Nigeria & Best Digital Bank in…
- 9 Mar 2023
CBN Approves Guidelines for Open Banking in Nigeria
Central Bank of Nigeria (CBN) has approved operational guidelines for open banking in Nigeria. The guideline was released via a circular by Musa Jimoh, the Director of the CBN’s Payments System…
- 3 Oct 2024
Polaris Bank Emerges Nigeria’s Top Bank in MSME Lending
Polaris Bank, a money deposit retail bank in Nigeria, has been recognised as the country’s top bank in Micro, Small, and Medium Enterprises (MSME) lending at the inaugural MSME Finance Awards 2024.…
- 15 Jan 2026
Paystack Buys Microfinance Bank, Enters Nigeria Banking Arena
Paystack, the Nigerian fintech company backed by global payments giant Stripe, has made a strategic entry into the regulated banking space in Nigeria with the acquisition of Ladder Microfinance Bank,…
- 7 Dec 2018
Airtel Nigeria Banks on 40m Subscribers for “Payment Bank”
Airtel Nigeria is to set up a payment service bank (PSB) in Nigeria, that would help to deliver mobile banking services to its teeming customers, according to Segun Ogunsanya, its managing director.…
- 28 Jun 2022
Nigeria Healthcare Excellence Awards: Sterling Bank, Recognizes Nigeria's Healthcare Champions
Sterling Bank Plc, Nigeria’s leading commercial bank, has given special recognition awards to healthcare providers who played leading roles in the fight against the COVID-19 pandemic. L-R : Head,…
- 18 Mar 2026
One SA Bank Equals Nigeria’s Entire Banking Sector - Why Recapitalisation Is Critical for Global Competitiveness
By Blaise Udunze Nigeria has always prided itself as Africa’s largest economy and most populous nation. Currently, its banking sector is confronting a moment of truth that should send shockwaves.…
- 19 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 31 Aug 2025
Union Bank of Nigeria Completes Merger with Titan Trust Bank
Union Bank of Nigeria, one of the nation’s longest standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval…
- 7 Aug 2020
Standard Chartered Unveils Premium Banking In Nigeria
Standard Chartered Bank (Nigeria) has launched its Premium Banking segment in Nigeria. The segment is designed to cater to the financial needs of the Emerging Affluent providing a wide variety of…
- 6 Jun 2022
Fidelity Bank Bags Award for Best SME Bank in Nigeria
Fidelity Bank Plc, one of the Nigeria’s foremost financial institutions, has added yet another accolade to its burgeoning collection of awards. This time, the Bank has been recognized as the ‘Best…
- 21 Jan 2020
SunTrust Bank Nigeria To Revamp Its Partnership With ICSFS
SunTrust Bank Nigeria, a privately held commercial bank in Nigeria, has recently conducted an executive incentivised meeting with ICS Financial Systems Limited (ICSFS), the global software and…
- 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…
- 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…
- 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…
- 16 Aug 2026
Union Bank Nigeria Secures PCI DSS v4.0.1 Certification, Strengthens Payment Card Security
Union Bank of Nigeria has attained certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, effective Aug. 11, 2026.
- 15 Jun 2010
Insurance and Banking in Nigeria: Any Relationship?
Under the financial services sector, banks and insurance companies fall within the same tripod, alongside the capital market. As the Central Bank of Nigeria continues in its reform of the banking…
- 11 Apr 2022
MTN Nigeria Diversifies into Banking after CBN’s Final Approval for MoMo Bank
MTN Nigeria, has received final approval from Central Bank of Nigeria (CBN) to run a payment service bank, according to a regulatory filing by the operator on Monday. The approval gives the firm the…
- 14 Dec 2021
Wema Bank Named 2021 Most Innovative Digital Bank in Nigeria
Wema Bank emerged the winner of the 'Most Innovative Digital Bank’ in Nigeria at the 2021 Digital Banker Africa Awards. Digital Banker Africa, the continent’s premier, magazine and website organizes…
- 5 May 2009
A Case for Mobile Banking in Nigeria
Nigeria is on the verge of mobile banking explosion, a phenomenon which is expected to push up the number of the banked in the country from a pathetic 15 per cent mark. Recently, the Central Bank of…
- 31 Jan 2019
Open Banking Nigeria Becomes Member of ODI
Open Banking Nigeria is now officially a member of the Open Data Institute community, an independent, non-profit, non-partisan organisation. A statement on Wednesday revealed that Julie…
- 8 Aug 2019
NIBSS Says There are 38m Bank Accounts in Nigeria
The number of bank accounts in Nigeria has hit 36 million, as Bank Verification Number (BVN) enrolment in the country increased to 38,696,142, according to figure released by the Nigeria Interbank…
- 2 Dec 2014
GTBank Named “Best Bank in Nigeria ” by The Banker
Guaranty Trust Bank Plc has won the “Best Bank in Nigeria for 2014” by The Banker Magazine (a publication of The Financial Times) for promoting industry-wide excellence in Global Banking Ethics and…
- 8 Jul 2015
Analysts Name UBA, Access Bank as Nigeria’s Most Attractive Banks
Analysts at FBN Capital, a firm of investment bankers, have predicted United Bank for Africa (UBA) and Access Bank and currently traversing the tier 1 versus 2 divide are the most attractive in the…
- 22 Dec 2019
Ecobank in Top 5 Ranking of 2019 Nigeria Banking Customer Experience Report
The 2019 Nigeria banking industry customer experience survey report recently published by KPMG Nigeria has indicated that Ecobank Nigeria recorded significant improvement in the SME segment of the…
- 26 Apr 2026
Systemically Weak Banks Put Nigeria’s $1Trillion Ambition at Risk
By Blaise Udunze Nigeria’s banking sector has just undergone one of its most ambitious recapitalisation exercises in two decades, all thanks to the Central Bank of Nigeria under the leadership of…
- 23 Dec 2025
After the Capital Rush: Who Really Wins Nigeria’s Bank Recapitalisation?
By Blaise Udunze By any standard, Nigeria’s ongoing bank recapitalisation exercise is one of the most consequential financial sector reforms since the 2004-2005 consolidation that shrank the number…