Banking
UBA Raises ₦157.84bn as Rights Issue Records Full Subscription
United Bank for Africa (UBA) Plc has successfully closed its rights issue, raising ₦157.84 billion after the offer was fully...
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Ecobank Nigeria Fully Repays Bondholders Ahead of February 2026 Maturity
Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the February 2026 maturity date, underscoring...
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First Bank Meets CBN’s N500bn Capital Requirement Ahead of 2026 Deadline
One of Nigeria’s leading financial institutions, First Holdco Plc, has confirmed that its banking subsidiary, First Bank of Nigeria Limited,...
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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...
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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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.