Financial Services

Fidelity Bank and Union Bank have announced an increase in the fee charged for SMS transaction alerts, citing an industry-wide...

Guaranty Trust Bank (GTBank) has announced a 50% increase in its SMS transaction alert fee from N4 to N6 per...

The Central Bank of Nigeria (CBN) raised a total of N804.85 billion at its Open Market Operations (OMO) auction held...

Zenith Bank is not under pressure to raise more money after exceeding the Central Bank of Nigeria’s (CBN) N500 billion...

The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and...

Nigeria’s listed banks earned a combined N5.93 trillion from investment securities in 2024, a sharp rise that highlights how lenders...

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of N46.6 billion as the first tranche of liquidation dividends...

Nigeria’s top banks ramped up their investments in technology infrastructure in 2024, collectively spending N518.5 billion to modernize their operations. 

Nigerian banks had a blockbuster year in 2024, leveraging a high-interest rate environment to significantly boost their earnings from customer...

A trademark battle between Zap Africa, a rising crypto exchange, and fintech giant Paystack has opened a new front in...