30 results
- 7 Feb 2021
PiggyVest Teams Up Wema Bank after Split from Providus Bank
PiggyVest, fintech company, has announced its split from Providus Bank to Wema Bank after Providus Bank pulled back from running virtual account services. Providus’ move comes after the Central Bank…
- 26 Sept 2025
Shareholders of Unity Bank, Providus Bank Okay Merger
Shareholders and boards of Unity Bank and Providus Bank, on Friday, approved for a business combination of the two lenders, paving the way for the creation of a stronger institution with wider reach…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 14 Sept 2017
Providus Bank Goes Live on ICS BANKS
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announces the successful implementation, launch and roll-out of its…
- 25 Jun 2026
Providus, Unity Bank Begin Integration Phase after Supreme Court Nod
The merger between Providus Bank and Unity Bank has entered the integration phase following the completion of all legal and regulatory requirements, setting the stage for the emergence of…
- 20 Mar 2026
Providus Bank Fully Meets CBN Capital Requirement, Sets Record Straight
Providus Bank Limited has dispelled media reports over its compliance with regulatory capital requirements, confirming that it has successfully met and exceeded the recapitalisation threshold set by…
- 6 Aug 2024
Unity, Providus Banks Merger Scales First Hurdle as CBN Approves Deal
Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. In a statement signed by…
- 2 Jun 2026
Supreme Court Endorses Unity, Providus Bank Merger
Supreme Court of Nigeria delivered a landmark ruling on the merger between Unity Bank Plc and Providus Bank Limited. By dismissing the final appeal challenging the consolidation, the apex court has…
- 16 Dec 2021
Mastercard, Thales and Providus Bank Launch a Tokenization and Digitization Initiative in Nigeria
Mastercard, Thales and Providus Bank have partnered to bring the Mastercard Digital Enablement Service (MDES) tokenization and digitization initiative to the Nigeria market. They are extending the…
- 3 Oct 2022
Providus Bank, Interswitch Partner to Improve Security in Payments Ecosystem
As part of efforts to foster a safer, more inclusive payments ecosystem, Interswitch limited, in collaboration with Providus Bank, is driving the focus on security in the payments ecosystem. Speaking…
- 18 Feb 2026
Unity Bank Confirms Merger with Providus a Done Deal
Following the recently held Court-Ordered Meeting and subsequent overwhelming endorsement, the merger and business combination between Unity Bank Plc and Providus Bank Limited remains firmly on…
- 9 Jan 2024
EFCC Solicits for Zenith, Providus and Jaiz Banks Help in Probe of the Humanitarian Affairs Ministry
The Group Managing Directors (GMDs) of Zenith, Providus and Jaiz banks, on Tuesday, honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to…
- 5 Jul 2024
NetplusDotCom, Nigerian Banks Partner on Contactless Payment
The NetplusDotCom, which is licenced by the Central Bank of Nigeria (CBN) as a Payment Service Provider (PSP), is collaborating with Zenith Bank, FCMB, Wema Bank, First Bank of Nigeria and Providus…
- 9 Mar 2021
Firm Asks Court to Freeze SAP Accounts over Alleged Contract Breach
B4G Consulting Ltd has asked a Lagos State High Court to restrain Systems Applications Products (SAP) from dissipating $3,371,945.27 and N5mllion with 28 Respondents including the Central Bank of…
- 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…
- 27 Jan 2020
CoralPay Deploys C’Gate, Composite Payment-Processing Engine
CoralPay Technology Limited has deployed the C’Gate, (CoralPay Payment Gateway and Processing) Platform, which has been described as the first interoperable USSD and mobile payment processing…
- 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…
- 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…
- 21 May 2023
CBN Names of Approved Cheque Printers in Nigeria
Central Bank of Nigeria (CBN) at the weekend, released the list of certified cheque printers in the country, in a bid to foster efficient payment and settlement system. Cheque book In a circular…
- 9 Jan 2026
19 Nigerian Banks Meet CBN Recapitalization Targets Ahead of March Deadline
Nineteen Nigerian banks have fulfilled the Central Bank of Nigeria's (CBN) recapitalization requirements as of January 6, 2026, six weeks before the March 31 deadline, according to data from The…
- 7 Oct 2025
FG-backed mortgage reforms help over 700 Nigerians become homeowners in 6 months
More than 700 Nigerians have successfully transitioned from renters to homeowners within six months, following the implementation of landmark mortgage reforms spearheaded by the Federal Government…
- 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…
- 30 Apr 2026
Nigeria’s CardForté Turns Five, Showcasing Impact on Domestic Payment Infrastructure
For Nigeria's rapidly expanding financial sector, the true bottleneck to scaling has rarely been user acquisition; it has been the physical infrastructure of payments. On April 24, 2026, at the Lagos…
- 16 Dec 2024
Mastercard Partners with Allawee to Enhance Financial Access in Nigeria
Allawee, one of Nigeria’s leading digital lending fintech, in collaboration with Mastercard, has launched a credit-building card designed to enhance financial access for federal civil servants and…
- 16 Dec 2019
ZIPPY Logistics Re-launches #ISPOTZIPPY Campaign
Zippy Logistics has announced the re-launch of its #ISPOTZIPPY campaign. At the campaign’s maiden edition in 2015 winners were flown to destinations including; London, New York and Paris. For this…
- 11 Mar 2020
Banks Slam Charge Stamp Duty on Transactions above N10,000
Nigerian banks may have reintroduced the N50 stamp duty charges on electronic payments in the country despite the public outcries that have greeted the controversial charge. Some banks have already…
- 9 Jun 2022
Nigerian Institutions Commit to the Growth of the Nigerian Leather Industry
In a bid to highlight the positive impact the leather industry has on Nigeria’s economy, leading Nigerian institutions have expressed their unwavering commitment to the growth of the leather sector…
- 14 Sept 2021
Heritage Bank, Others Bankroll SCOA Handover of Trucks, Equipment to Julius Berger Worth N15.5Bn
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider and seven other banks have provided a total of N15.5billion to assist SCOA Nigeria Plc for the importation and supply of MAN…
- 8 Aug 2022
Tizeti Expands to Other African Markets, As It Goes Public
In line with its commitment to bridge the digital gap in Africa, West Africa’s pioneer solar-based internet and voice service provider, Tizeti, is set to expand its operations within Nigeria and…