Banking

The Central Bank of Nigeria (CBN) has introduced a mandatory Cybersecurity Self-Assessment Tool (CSAT) for all regulated financial institutions in...

African banks have surpassed $100 billion in annual revenue for the first time, outperforming global averages and reinforcing the sector’s...

The African Export-Import Bank (Afreximbank) has secured $2 billion through a three-year dual tranche syndicated term loan facility, marking the...

Foreign capital inflows into Nigeria’s banking sector rose to $13.53 billion in 2025, representing a 93.25% year-on-year increase from $7.00...

First City Monument Bank (FCMB) has successfully blocked an attempt by suspected cyber criminals to steal N2.4 billion, after discovering...

The Nigeria Deposit Insurance Corporation (NDIC) says it does not rely on government bailouts to reimburse depositors in the event of a bank failure....

Nigerian digital bank, Kuda, has laid off hundreds of employees across multiple departments after informing staff that their contracts had...

The banking sector recapitalisation programme has recorded commendable progress, with 32 banks having already met the revised capital requirements.

Security expert Dr. Kabir Adamu has raised an alarm over the increasing use of Nigeria’s formal banking system for processing...

Nigeria’s banking system liquidity held above N8 trillion despite a N2.36 trillion Open Market Operations (OMO) mop-up by the Central...