Zenith Bank Plc has revealed that it raised N350.4bn from its combined rights issue and public offer, thus exceeding the N290bn it had sought to raise....
The Nigerian Exchange Limited (NGX) e-offering platform, NGX Invest, is making significant strides in capital-raising in Nigeria with the introduction of Stanbic IBTC Holdings Plc’s N148.7...
The World Bank Group has imposed a 30-month suspension on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, as well as their Managing Director...
The Nigerian Communications Commission (NCC) has approved telcos’ decision to suspend USSD services for nine banks due to an accumulated debt of N160 billion since 2019....
The Central Bank of Nigeria (CBN) has launched two new digital initiatives: the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment...
The Central Bank of Nigeria (CBN) has imposed a total fine of N1.35 billion on nine banks for failing to ensure cash was available through automated...
By Shalom Imafidon The banking sector in Nigeria is undergoing a period of rapid transformation, driven by a confluence of technological advancements, evolving customer expectations, and...
In 2024, Nigerian banks reported impressive profits, driven by a combination of a new recapitalisation exercise and regulatory shifts, including the dissolution of boards/management and license...
Nigerian President Bola Ahmed Tinubu arrived in Abu Dhabi on Sunday and quickly met with Femi Otedola, the chairman of FBN Holdings Plc. Upon his arrival...
The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for the extension of export proceeds repatriation for exporters. A circular dated January...