Banking
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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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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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.