Banking

The Nigeria Deposit Insurance Corporation has commenced reimbursement of depositors affected by the closure of 46 microfinance banks across the...

First HoldCo Plc has approved a new dividend policy committing the group to distribute at least 60% of its annual...

Currency held outside Nigeria’s banking system dropped to its lowest level in seven months in June 2026, signalling a gradual...

Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the...

Nigeria’s average maximum lending rate declined to 33.16% in June 2026, down from 34.78% in May, offering a slight reduction...

The Central Bank of Nigeria (CBN) has revoked the operating licences of **46 microfinance banks** with immediate effect, citing serious...

The Central Bank of Nigeria (CBN) has issued a strong warning to Nigerians about a rising wave of scam messages...

The Central Bank of Nigeria (CBN) has introduced a significant regulatory requirement for fintech companies and other financial institutions, mandating...

Wema Bank has temporarily suspended all communications on its official X (formerly Twitter) platform due to a sharp increase in...

The Central Bank of Nigeria (CBN) has announced plans to significantly reduce the amount of cash circulating outside the formal...