Financial institutions submitted 41,716,214 Currency Transaction Reports to the Nigerian Financial Intelligence Unit in 2025 as authorities intensified monitoring of large financial transactions across the economy....
Nigerian commercial banks and deposit money banks filed 38,715 Suspicious Transaction Reports (STRs) with the Nigerian Financial Intelligence Unit (NFIU) in 2025. According to the NFIU’s...
Competition for Nigerian banking customers is intensifying as lenders deploy more resources to strengthen their brands, deepen retail penetration and defend market share while the industry...
The Central Bank of Nigeria (CBN) has said the recently concluded banking-sector recapitalisation exercise has improved the resilience of Nigerian banks and strengthened the financial system’s...
First HoldCo Plc has announced the commencement of a closed period ahead of the consideration and release of its unaudited financial statements for the six months...
Major shareholders of Jaiz Bank Plc, including oil magnate Muhammadu Indimi, businessman Alhaji Umaru Abdul Mutallab, and investor Dantata Aminu Alhassan, are set to receive the...
African banks are accelerating their expansion into Kenya as the country’s position as East Africa’s financial and commercial hub continues to attract regional lenders seeking long-term...
Four major Nigerian banks have released records of more than 321,000 inactive accounts in compliance with new regulatory requirements introduced by the Central Bank of Nigeria...
Wema Bank Plc delivered a strong financial performance for the year ended December 31, 2025 with profit after tax rising to ₦194.48 billion from ₦86.28 billion...
Former Minister of Finance Kemi Adeosun has revealed that the integration of the Bank Verification Number (BVN) into Nigeria’s federal payroll system led to the identification...