Banking

JP Morgan intends to launch merchant banking operations in Nigeria before the end of 2026, pending regulatory approval, while South...

Nigerian banks have yet to reduce lending rates almost a week after the Central Bank of Nigeria lowered the Monetary...

Nigeria’s banking system liquidity dropped by N3.86 trillion on Thursday after the Central Bank of Nigeria carried out a fresh...

More than two years after the closure of Heritage Bank, aggrieved depositors have called on the Federal Government, the Central...

Electronic payment transactions conducted through six channels rose 2.85 per cent year-on-year in value to N1.053 quadrillion in the first...

Guaranty Trust Bank has doubled the quarterly international spending limit on its naira debit cards from $20,000 to $40,000, becoming...

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...