15 h. ago Nigerian banks resume international transactions on naira cards

Commercial banks in Nigeria have announced the resumption of international transactions on their naira cards. After years of suspension, United read more Nigerian banks resume international transactions on naira cards

Politics

18 h. ago API Architecture: The invisible engine powering modern banking

Banking has evolved far beyond the days of paper ledgers and long queues. Today, it’s a dynamic force driving Nigeria’s read more API Architecture: The invisible engine powering modern banking

Politics

23 h. ago Return Cashless Policy To Strengthen The Naira — Yul Edochie To Tinubu

Renowned Nigerian actor Yul Edochie has appealed to President Bola Ahmed Tinubu, urging him to reinstate the cashless policy previously introduced by the Central Bank of Nigeria (CBN). Sharing his thoughts via Instagram on Thursday, the actor pointed out that the cashless policy offered significant benefits, particularly in strengthening the economy and enhancing national security. […] The post Return Cashless Policy To Strengthen The Naira — Yul Edochie To Tinubu appeared first on Information Nigeria.

Politics

50 h. ago Jaiz Bank Lifts NYSC Camp Spirit With Thrilling Football Match

In a spirited display of community involvement and corporate social responsibility, Jaiz Bank Plc, Nigeria’s foremost non-interest bank, hosted an exhilarating friendly football match at the NYSC Keffi Orientation Camp in Nasarawa State on Sunday. With a nail-biting finish, the match concluded with a narrow 1-0 victory for the NYSC Keffi team, sealing their win […]

Politics

53 h. ago Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report

By Chinwendu Obienyi Nigeria’s economy is expected to grow by as much as 4.2 per cent by the end of the year, buoyed by improved crude oil production, stronger business sentiment, and a gradual recovery from the economic shocks triggered by recent reforms, the latest report from Stanbic IBTC Bank revealed on Wednesday. The estimate […] The post Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report appeared first on The Sun Nigeria.

Politics

54 h. ago Fiscal support key to sustaining inflation, naira gains – IMF

The International Monetary Fund (IMF) has thrown its weight behind the Central Bank of Nigeria’s (CBN) ongoing fight against inflation, read more Fiscal support key to sustaining inflation, naira gains – IMF

Politics

3 d. ago SDGs: $31.5bn Annual Development Funding Gap Threatens 2030 Timeline

Nigeria’s ambition to achieve the Sustainable Development Goals (SDGs) by 2030 is threatened by the staggering $31.5 billion annual development financing gap, according to the latest African Development Bank (AfDB) 2025 Country Focus Report (CFR). The report, titled “Making Nigeria’s Capital Work Better for Its Development,” warns that unless this shortfall is addressed, critical investments […]

Politics

3 d. ago CBN’s prudential measures signal strong banking sector leadership

The Central Bank of Nigeria (CBN) has again demonstrated its commitment to maintaining a resilient and stable banking sector. On read more CBN’s prudential measures signal strong banking sector leadership

Politics

3 d. ago How CBN’s regulatory reforms have transformed Nigeria’s instant payment system

Tribune Online How CBN’s regulatory reforms have transformed Nigeria’s instant payment system By Ayobami Oyalowo IN the past decade, Nigeria has emerged as a continental leader in digital payments, boasting one of the most dynamic and fastest-growing instant payment systems in the world. At the core of this transformation is the Central Bank of Nigeria’s (CBN) forward-looking regulatory strategy, especially its Payments System Vision 2025 (PSV2025) which […] How CBN’s regulatory reforms have transformed Nigeria’s instant payment system Tribune Online

Politics

4 d. ago I was offered $7,000 bribe by mate seeking access to bank server –Witness

By Lukman Olabiyi A prosecution witness, Ajayi Michael Folaseye, yesterday painted a picture of how he was allegedly offered $7,000 bribe by a colleague seeking unauthorized access to Premium Trust Bank’s internal systems. Ajayi, the first prosecution witness (PW1), testified before Justice Alexander Owoeye of the Federal High Court, Lagos, in the ongoing trial of […] The post I was offered $7,000 bribe by mate seeking access to bank server –Witness appeared first on The Sun Nigeria.

Politics

4 d. ago Bolstering identity systems to safeguard Nigeria’s financial future

By Chinwendu Obienyi   When Nigeria introduced the Bank Verification Number (BVN) in 2014, it was celebrated as a critical reform to sanitise the financial system, combat identity fraud and expand access to financial services. In the years that followed, the National Identification Number (NIN) was launched to establish a unified digital identity framework for […] The post Bolstering identity systems to safeguard Nigeria’s financial future appeared first on The Sun Nigeria.

Politics

4 d. ago I was offered $7,000 bribe by colleague seeking access to our bank server — Witness  

By Lukman Olabiyi A prosecution witness, Mr. Ajayi Michael Folaseye, yesterday painted a picture of how he was allegedly offered $7,000 bribe by a colleague seeking unauthorized access to Premium Trust Bank’s internal systems. Ajayi, the first prosecution witness (PW1), testified before Justice Alexander Owoeye of the Federal High Court, Lagos  in the ongoing trial […] The post I was offered $7,000 bribe by colleague seeking access to our bank server — Witness   appeared first on The Sun Nigeria.

Politics

4 d. ago Exchange rate gap narrows on rising FX inflows, CBN policies

Rising FX inflows occasioned by the policies of the Central Bank of Nigeria (CBN) have supported exchange rate stability and read more Exchange rate gap narrows on rising FX inflows, CBN policies

Politics

5 d. ago CBN posts $3.73bn current account surplus in Q1 2025, driven by surge in non

From Adanna Nnamani, Abuja Nigeria recorded a current account surplus of $3.73 billion in the first quarter of 2025, buoyed by a strong rebound in the goods account and a surge in non-oil exports. This was according to the latest Balance of Payments (BoP) statistics released by the Central Bank of Nigeria (CBN). Though the […] The post CBN posts $3.73bn current account surplus in Q1 2025, driven by surge in non-oil exports appeared first on The Sun Nigeria.

Politics

5 d. ago TAJBank Sustains Industry Feat, Pays 3rd Dividend In 5 Years

Nigeria’s fastest growing non-interest bank, TAJBank Limited, TAJBank Limited has sustained its feat in the nation’s banking history with the payment of 20 kobo per share dividend to its shareholders at the end of financial year (FY) 2024, being the third investment reward for the investors in its five years of operations. Available industry data […]

Politics

5 d. ago Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report

Tribune Online Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report NIGERIA’S banking sector recorded a strong 39.6 per cent year-on-year growth in 2024, with total assets rising to N170.02 trillion from N121.8 trillion in 2023. This remarkable expansion was fueled by surging remittance inflows, the widespread adoption of digital financial services, and broader sector reforms, according to the State of Enterprise (SOE) Report 2025. Despite […] Digital services, remittances, others drive 39.6 per cent banking sector growth in 2024 — Report Tribune Online

Politics

5 d. ago How new tax law impacts banks’ operations in Nigeria — Analysis

Tribune Online How new tax law impacts banks’ operations in Nigeria — Analysis THE recently introduced tax reform bills spearheaded by the Presidential Fiscal Policy and Tax Reforms Committee, chaired by Mr. Taiwo Oyedele, are reshaping the Nigerian financial landscape—with the banking sector at the heart of the transformation. The reforms, which aimed to broaden the tax net and enhance government revenue, place significant operational and compliance responsibilities […] How new tax law impacts banks’ operations in Nigeria — Analysis Tribune Online

Politics

5 d. ago Climate funding gap widens as Nigeria’s green bond stock dips to N32.83bn

From Adanna Nnamani, Abuja Nigeria’s green bond stock fell to N32.83 billion in 2024, a sharp decline from N47.83 billion recorded a year earlier, as the country struggles to mobilise adequate climate finance to tackle worsening environmental challenges. According to the State of Enterprise (SOE) 2025 report, the drop followed the redemption of Access Bank’s […] The post Climate funding gap widens as Nigeria’s green bond stock dips to N32.83bn appeared first on The Sun Nigeria.

Politics

5 d. ago Bank recapitalisation: Strengthening Nigeria’s financial system for a trillion

Tribune Online Bank recapitalisation: Strengthening Nigeria’s financial system for a trillion-dollar economy The Central Bank of Nigeria (CBN) is pushing ahead with sweeping reforms to reinforce the nation’s financial system through a historic recapitalisation drive for banks and Bureaux De Change (BDCs), writes JOSEPH INOKOTONG. The Central Bank of Nigeria’s recapitalisation exercise is gaining momentum as banks and Bureaux De Change (BDCs) take steps to meet the […] Bank recapitalisation: Strengthening Nigeria’s financial system for a trillion-dollar economy Tribune Online

Politics

5 d. ago Nigeria records $10.6bn portfolio investment crash in Q1 2025

FDI drops by 19% From Adanna Nnamani, Abuja Nigeria suffered a $10.6 billion crash in portfolio investment in the first quarter of 2025, reflecting deepening capital flight and rising investor concerns over the country’s economic direction. The latest Balance of Payments report released by the Central Bank of Nigeria (CBN) showed that portfolio investment liabilities […] The post Nigeria records $10.6bn portfolio investment crash in Q1 2025 appeared first on The Sun Nigeria.

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