30 results
- 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.…
- 10 Dec 2024
Digital Jewels Africa, CIBN Collaborate to Strengthen Cybersecurity in Nigeria’s Banking Sector
Chartered Institute of Bankers of Nigeria (CIBN) in partnership with Digital Jewels Africa (DJA), IT Governance, Risk, and Compliance (GRC) firm, organized a high-impact workshop recently in Lagos.…
- 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…
- 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…
- 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…
- 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…
- 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,…
- 21 Oct 2020
World Bank Report Suggests a Stronger Private Sector Could Boost Nigeria’s Economic Growth
A new report from IFC and the World Bank focused on the health of Nigeria’s economy finds that a broader private sector-led growth strategy could help Nigeria realize its immense potential by…
- 26 Oct 2009
US Government Endorses Nigeria’s Banking Reform
The ongoing reforms in the banking sector in Nigeria being implemented by Sanusi Lamido Sanusi , governor of the Central Bank of Nigeria has been endorsed by the United States (US)…
- 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…
- 28 Aug 2022
CBN’s N2.9Trillion Intervention Saves Banks, Power Sector from Collapse- Report
The lifeline by the Central Bank of Nigeria (CBN) through various intervention funds may have saved Deposit Money Banks(DMBs) and the power sector from imminent collapse, according to t he Sun . Some…
- 18 Jun 2025
CBN Reaffirms Banking Sector Resilience as Forbearance Ends
The Central Bank of Nigeria (CBN) has reaffirmed the resilience and soundness of the Nigerian banking sector while unveiling a set of targeted transitional measures affecting a select number of…
- 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…
- 17 Oct 2017
UBA Emerges Best Bank in Support of Real Sector at Banking Awards
United Bank for Africa (UBA) Plc, Pan-African banking group, at the weekend was recognised for its extraordinary support of the real sector as it won best bank in the category, ahead of its peers.…
- 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…
- 14 Jan 2026
The Missing Pieces in Nigeria’s Banking Recapitalisation
By Blaise Udunze Nigeria’s economy will be experiencing yet another round of reform; after the new tax implementation, the banking sector recapitalisation exercise will begin within less than three…
- 3 Oct 2025
How Policy Missteps Weigh Down Nigeria’s Fragile Banking Giants
By Blaise Udunze Nigeria’s banking sector has always stood at the center of the nation’s economic hopes. Yet, instead of fueling growth and wealth creation, the sector finds itself trapped in a cycle…
- 30 Mar 2026
Recapitalisation: Nigeria Banks Suck in $13.53Bn Foreign Inflows in 2025
Foreign capital inflows into Nigeria’s banking sector rose to $13.53 billion in 2025, representing a 93.25 per cent increase from $7.00 billion recorded in 2024. CBN The surge comes as banks…
- 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…
- 28 Nov 2021
Prompt Resolution Saved Banking Sector from Collapse- NDIC
Nigeria Deposit Insurance Corporation (NDIC) has said its prompt resolution of banks’ failure over the years saved the banking sector from systemic collapse. Mrs Ronke Shokefun, chairman NDIC Board…
- 27 Oct 2019
Private Sector Gets N25.47 Trillion Facility from Banks
Banking sector’s credit to private sector rose to N25.47tn in September, setting a new record for the year, a new report by the Central Bank of Nigeria (CBN) has revealed. Analysts have said…
- 15 Mar 2020
Heritage Bank, GEZAWA Set to Transform Nigeria’s Agric Sector to Huge Commercial Hub
The Nigerian agricultural sector is set to witness a huge growth, as Heritage Bank Plc the lead settlement bank for Gezawa Commodity Market (GCMX) has collaborated with key stakeholders to…
- 19 May 2025
Don’t Panic, Banking Sector is Safe and Sound- CBN
Central Bank of Nigeria (CBN) has once again reaffirmed the resilience and stability of the country’s banking sector, describing it as safe and sound. Olayemi Cardoso, CBN, Gov In a statement…
- 15 Feb 2026
Nigeria's Banks Race to Meet CBN Recapitalisation Deadline Amid Verification Push
Nigeria’s banking sector is in the final stretch of its recapitalisation drive, with lenders intensifying capital actions ahead of the Central Bank of Nigeria’s (CBN) March 31 deadline. Proshare…
- 15 Dec 2008
Oceanic Bank Named Best in Nigeria
Oceanic Bank International Plc has won the coveted ‘Best Bank in Nigeria’ awards. This was pronounced by EMEAfinance, the UK-based financial intelligence magazine covering Europe, Middle…
- 2 Jul 2026
Beyond Capital: AI, RegTech to Define Nigeria's Banking Future – NITDA DG
Kashifu Inuwa, director general of the National Information Technology Development Agency (NITDA), has said the next phase of growth for Nigeria's banking sector will be driven less by capital…
- 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…
- 16 Mar 2018
AfDB to Partner Nigeria in Power Sector Recovery Program
The African Development Bank (AfDB) says it will support Nigeria’s Power Sector Recovery Programme (PSRP) in three areas. It listed the areas as operational and technical intervention, governance…
- 31 Dec 2025
How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector
By Blaise Udunze Nigeria’s new tax identification portal goes live nationwide tomorrow, Monday, January 1, 2026, marking a pivotal moment in the country’s fiscal and financial governance. Designed to…