30 results
- 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…
- 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 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…
- 8 Oct 2025
CBN Makes case for Open Banking Policy @ Nigeria Fintech Week
Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, CBN, has said that policies such as open banking when operational will foster new opportunities for collaboration, ensuring customers…
- 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…
- 10 Apr 2019
Absa, South African Top Bank to Open Shop in Nigeria
Absa, South African lender is aiming to make a start on its investment bank-focused expansion into Nigeria in the second half of this year, according to Charles Russon, chief executive of the…
- 17 Feb 2021
WorldRemit Welcomes CBN’s Directive to Banks to Open Dollar Account for Remittances
Central Bank of Nigeria (CBN) has directed banks to automatically open dollar bank accounts for their customers who do not have domiciliary in order to facilitate remittances. The development,…
- 16 Aug 2019
Fidelity Bank Reinforces Commitment to Digital Technology, Adopts Open Banking
In line with its commitment to the adoption of innovative digital technology to drive its retail strategy, reduce cost and improve revenue and returns, Fidelity Bank has signed a Memorandum of…
- 8 Mar 2019
CBN, EFCC to Bar Convicts from Opening Bank Accounts
Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) may bar individuals or corporate convicted of committing economic crimes from opening bank accounts. Isaac…
- 31 May 2020
FirstBank Leverages Technology to Promote Virtual Bank Account Opening
First Bank of Nigeria Limited, has said it has reinforced its technology infrastructure to enable anyone in the country open a FirstBank account through their mobile phones, without visiting any of…
- 21 Mar 2019
Founder Open Vector to Address Nigerian Bankers on Open Banking Opportunities
Carlos Figueredo, CEO and founder of Open Vector, a professional consultancy firm founded in 2017 with its forte in open banking, PSD2, GDPR and payments, he has consented to headline the Open…
- 3 May 2024
NDPC Partners Gates Foundation, KPMG on Open Banking Frameworks
Nigeria Data Protection Commission (NDPC), in partnership with Bill Gates and Melinda Foundation and KPMG are developing open banking frameworks in a move to deepen financial inclusion. L-r:; Anna…
- 15 Aug 2016
History as SunTrust- Branchless Bank Opens Shop
SunTrust Bank will formally open for business today as it seeks to reshape the Nigerian banking space and the way consumers interface with their banks. SunTrust Bank will operate the branchless…
- 12 Jul 2022
Opara, CIBN President says Open Banking will Boost Payments, Savings Culture
Dr. Ken Opara, the President/Chairman of Council, Chartered Institute of Bankers of Nigeria, has said that open banking initiatives are helping to create services to enable consumers to make better…
- 16 Apr 2015
World Bank Says 700m Adults Opened Bank Account in 3 Years
The 2014 (World Bank’s) Global Findex Database measuring Financial Inclusion around the world reveals significant progress in expanding financial access, with 700 million adults worldwide became…
- 12 Jan 2018
CBN Orders Banks to Open 7.6m New Savings Accounts
The Central Bank of Nigeria (CBN ) has ordered all Deposit Money Banks (DMBs) and Microfinance banks to open 7,608,180 new savings accounts to meet its financial Inclusion target. Financial…
- 19 Oct 2020
Heritage Bank Commences Account Opening for 774,000 Participants of SPW Programme
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service providers is set to commence the account opening with Bank Verification Numbers (BVN) for the earmarked 774,000 participants of the…
- 19 Nov 2021
Titan Trust Bank Opens New Branch in Kano
In its determination to deepen commercial banking activities across Nigeria, Titan Trust Bank Limited, one of the fastest-growing and customer-centric financial service providers in Nigeria, has…
- 22 Dec 2025
NOVA Bank Opens Regional Office in Owerri
NOVA Bank has opened its regional office in Owerri, Imo State, as part of its expansion drive across the South-East and South-South regions. At the inauguration ceremony, recently, Senator Hope…
- 8 Dec 2009
Fidelity Bank Opens Four New Offices in Lagos
Fidelity Bank Plc has opened four new branch offices in the Lagos metropolis to bring the bank’s total branch network strength to 150, nationwide within a space of one week. The new Lagos…
- 15 Jun 2021
Layer Partners UBA to Revolutionize Digital Banking Experience in Nigeria
Layer, digital banking provider, has sealed a partnership deal with the United bank for Africa (UBA) to rapidly revolutionize digital banking and ultimately, expand banking experience across Nigeria.…
- 27 Jul 2020
StanChart Launches Deposit Products for Business Banking Clients in Nigeria
Standard Chartered Bank Nigeria has launched new deposit product, through its Business Banking business, that gives small and medium scale businesses the advantage of saving cost and earning…
- 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…
- 19 Mar 2023
First Bank Opens Application for Magt Associate Programme
First Bank of Nigeria Limited (FBN) has announced the call for participation in the third season of its FirstBank Management Associate Programme (FMAP). The application which is extended to the…
- 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…
- 13 Feb 2018
CBN Seeks Shell Banks Abolished In Nigeria
The Central Bank of Nigeria (CBN) has called for the abolition of shell banks in the country, saying they serve as institutions for money laundering. Shell banks are institutions that carry out…
- 26 Oct 2020
CBN Tasks Banks on Zero Balance for New Account Opening
Central Bank of Nigeria (CBN) has urged the Deposit Money Banks (DMBs) to allow zero balance for the opening of new accounts, as part of the efforts to promote greater financial inclusion across the…
- 3 Sept 2020
KPMG Decries Poor Digital Capabilities of Nigerian Banks
A recent study on the digital capabilities of the Nigeria banking industry carried out by KPMG Nigeria has revealed that most of the banks in the country lacked the ability to onboard a customer with…
- 3 Jul 2020
Banks Open 35m Accounts in 5 Months Despite COVID-19
Bank accounts in Nigeria have risen by 35 million between January to May 30th, 2020, data hosted on the website of the Nigeria interbank Settlement system (NIBBS) has revealed. A breakdown of the…
- 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…