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CBN Says Bank Recapitalisation Is a Starting Point, Not the End of Reform
EconomyNigeria

CBN Says Bank Recapitalisation Is a Starting Point, Not the End of Reform

The Central Bank of Nigeria (CBN) has said the stronger capital base achieved through the banking sector recapitalisation programme is only the beginning...

Fintech Engineers Identify Key Causes of Online Transaction Failures in Nigeria
TechnologyBusinessEconomy

Fintech Engineers Identify Key Causes of Online Transaction Failures in Nigeria

Fintech engineers have identified network instability, payment gateway disruptions and communication failures between banks and digital payment platforms as some of the major...

Proposed CBN BHC Rules May Trigger Bank Restructuring, Fitch Warns
NigeriaEconomy

Proposed CBN BHC Rules May Trigger Bank Restructuring, Fitch Warns

Proposed rules by the Central Bank of Nigeria (CBN) on Bank Holding Companies (BHCs) could compel some Nigerian banks to restructure their operations,...

FirstBank disburses over ₦1bn in digital loans daily, MD says
BusinessNigeria

FirstBank disburses over ₦1bn in digital loans daily, MD says

By Benson Daniel FirstBank Nigeria is disbursing more than ₦1 billion in digital loans every day as demand for faster and technology driven...

Banks Dominate Nigeria’s Suspicious Transaction Reports, Account for 92% of NFIU Filings
BusinessNigeria

Banks Dominate Nigeria’s Suspicious Transaction Reports, Account for 92% of NFIU Filings

By Benson Daniel Deposit Money Banks accounted for about 92 per cent of all Suspicious Transaction Reports submitted to the Nigerian Financial Intelligence...

EFCC Recovers $60m for Nestoil Lenders as Debt Investigation Continues
BusinessNigeria

EFCC Recovers $60m for Nestoil Lenders as Debt Investigation Continues

By Benson Daniel The Economic and Financial Crimes Commission has facilitated the recovery of $60 million from indigenous oil and gas company Nestoil...

TAJBank’s Profit Before Tax Surges 74% to N31.56bn
BusinessNigeria

TAJBank’s Profit Before Tax Surges 74% to N31.56bn

By Benson Daniel TAJBank Limited recorded a strong financial performance in the 2025 financial year, with profit before tax rising by 74 per...

EFCC Recovers $60m for Nestoil Lenders as Debt Investigation Continues
BusinessNigeria

EFCC Recovers $60m for Nestoil Lenders as Debt Investigation Continues

By Benson Daniel The Economic and Financial Crimes Commission has facilitated the recovery of $60 million from indigenous oil and gas company Nestoil...