Finance
RMB Nigeria Meets CBN’s New Minimum Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria Limited (RMB Nigeria) has announced that it has successfully met the new minimum capital requirement set...
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Nigeria Shuts 229 Bank Branches as PoS, Digital Banking Gain Ground
Nigeria’s banking industry is accelerating its transition toward digital and agent-based services, with 229 physical bank branches shut across the...
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CBN Tightens Grip as Banking Sector Races to Meet 2026 Recapitalisation Deadline
Nigeria’s banking sector is witnessing heightened activity as the Central Bank of Nigeria (CBN) intensifies enforcement of its ongoing recapitalisation...
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NDIC, NIBSS to Partner on Faster Depositor Reimbursement in Bank Failures
The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc are set to formalise a strategic...
Read moreCBN Orders Banks to Ensure Seamless Use of Foreign Payment Cards Nationwide
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to ensure the seamless acceptance and...
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PenCom extends pension industry recapitalisation deadline to June 2027
The National Pension Commission (PenCom) has extended the deadline for the recapitalisation of pension industry operators to June 2027, shifting...
Read moreCBN Extends Payment System Vision to 2028, Accelerates Nigeria’s Digital Payments Drive
The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has extended its Payment System Vision (PSV)...
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CBN Governor Cardoso Courts Investors in Washington, Reaffirms Nigeria’s Reform Agenda
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Monday engaged senior business leaders and institutional...
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Supreme Court Rules in Favor of Fidelity Bank, Orders Judgment Debt Paid in Naira
A five-man panel of the Supreme Court, led by Justice Lawal Garba, has ruled in favor of Fidelity Bank in...
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CBN Orders Mandatory Dual Connectivity for PoS Transactions to Curb Downtime
The Central Bank of Nigeria (CBN) has directed all financial institutions, acquirers, processors, and payment terminal service providers to implement...
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