Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still ...

The Central Bank of Nigeria has approved the Nigeria Foreign Exchange (FX) Code, which is designed to promote ethical conduct ...

Fitch Ratings has said Nigerian banks are making progress in recapitalisation, ensuring compliance with CBN’s 2026 deadline and supporting business growth.

Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are more likely ...

The Central Bank of Nigeria (CBN) has announced a revised framework for Automated Teller Machine (ATM) transaction fees, eliminating free interbank withdrawals and introducing charges of up to N600 ...

Fitch Ratings has said tier-3 banks in Nigeria are more likely to resort to mergers and acquisitions or downgrade their licences as they struggle to meet the Central Bank of Nigeria’s new paid-in ...

The Naira recorded its first appreciation against the Dollar at the parallel foreign exchange market since the commencement ...

International rating agency Fitch Ratings has indicated that Nigerian banks are on track to meet the March 2026 recapitalisation deadline set by the CBN.

The federal government has officially taken full ownership of Keystone Bank Limited after the Lagos state special offences court approved the forfeiture of shares previously held by its former ...

The wedding was grand, a spectacle of culture and tradition. Guests arrived adorned in dazzling aso-oke head ties, regal ...

Export Bank (Afreximbank) has revealed that Nigeria is its largest beneficiary of various pilot and intervention projects ...

Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil) has confirmed that the plan for the commencement of Africa Energy Bank is completed.