Banks

Two Nigerian banks have taken home top honours at the 2026 Euromoney Awards for Excellence, with Wema Bank named Nigeria's Best Digital Bank for Consumers and Access Bank picking up 16 awards across several African markets. Wema…

United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the bank's Board of Directors on August 21, 2026, after completing the maximum 12-year tenure allowed for non-executive…

S&P Global, the world’s leading ratings agency, has upgraded the long-term ratings of seven Nigerian banks; Stanbic IBTC Plc, Access Bank Plc, Bank of Industry(BOI), Guaranty Trust Bank Ltd., Standard Chartered Bank Nigeria…

Lagos State Government has called on banks, filling stations, eateries, and other public businesses to make their restrooms accessible to the public as part of efforts to eliminate open defecation. Environment and Water…

The Nigeria Deposit Insurance Corporation (NDIC) has launched the final phase of liquidating 89 failed Microfinance Banks (MFBs) and one Primary Mortgage Bank (PMB), signaling closure to a key regulatory cleanup in Nigeria's…

The Central Bank of Nigeria (CBN) has been named Central Bank of the Year 2026 by the Central Banking Awards Committee in London, marking a significant global recognition of Nigeria's economic recovery efforts. The award, announced…

The Central Bank of Nigeria (CBN) has reported that 30 out of the 33 licensed Deposit Money Banks (DMBs) have met the minimum capital requirements, up from 20 in its prior disclosure on February 23, 2026. This 10-bank leap…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso announced on Tuesday, February 24, 2026, that 20 banks have fully met the new minimum capital requirements, raising a collective N4.05 trillion ahead of the…

L-R: ACAMB Exco; Financial Secretary, Halima Isha of JAIZ Bank; Treasurer, Morolake Philip-Ladipo of Wema Bank; Vice President (VP)1, Oze K Oze of FirstvBank; President, Rasheed Bolarinwa of Polaris Bank; VP2: Tolulope Onipede of Guaranty…

Eleven top financial institutions in Nigeria have raked in N280bn in the first nine months of 2023. This was revealed from an analysis of their financial reports. In comparison to the corresponding period of 2022, there has been…