Banking
Otedola Defends ₦748bn Bad Loan Write-Off at First HoldCo, Says It’s a Strategic Clean-Up
Billionaire businessman and Chairman of First HoldCo Plc, the parent company of First Bank of Nigeria, Mr. Femi Otedola, has...
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Wema Bank Launches 2026 Valentine Campaign to Showcase New ALAT Digital Features
Wema Bank has launched its 2026 Valentine’s Day campaign as part of activities marking the rollout of new features on...
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CBN Hosts British International Investment Delegation to Strengthen Banking Sector
As part of efforts to deepen partnerships with development finance institutions (DFIs) and reinforce the nation’s banking sector, the Central...
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CBN Sets New ATM Standards, Orders One ATM per 5,000 Cards by 2028
The Central Bank of Nigeria (CBN) has issued new minimum standards for the deployment, operation, maintenance, and security of Automated...
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Nigerians Withdraw ₦36.34 Trillion from ATMs in H1 2025 Despite CBN Higher Fees
Nigerians continued to rely heavily on cash withdrawals in the first half of 2025, accessing ₦36.34 trillion via Automated Teller...
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Nigeria’s Banking Recapitalisation Enters Final Stretch as Lenders Split on Strategy
Nigeria’s banking sector is entering the decisive phase of its most ambitious recapitalisation exercise in more than a decade, with...
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FCMB Secures National Banking Licence After Capital Raise as Recapitalisation Deadline Nears
FCMB Group Plc has secured a national banking licence for its flagship subsidiary, First City Monument Bank, following the completion...
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Wema Bank Unveils Upgraded ALAT App with Voice Banking, Contactless Payments
Wema Bank has raised the bar in Nigeria’s digital banking landscape with the launch of an upgraded version of its...
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FairMoney MD Calls for Bank–Fintech Harmony to Deepen Financial Inclusion, Achieve $1tn GDP Goal
The Managing Director of FairMoney Microfinance Bank, Henry Obiekea, has said that stronger structural harmony between conventional banks and fintech...
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NDIC Declares N24.3bn Second Liquidation Dividend for Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of N24.3 billion for depositors of the defunct...
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