Banking and Finance

Union Bank of Nigeria recently hosted an informal and engaging meet-and-greet session with leading media professionals at The Stallion Plaza, its headquarters in Marina, Lagos. The event, held at SpaceNXT, the Bank’s purpose-designed co-creation hub for innovators and creators, was conceived as a relaxed platform to foster personal connections and …

The Central Bank of Nigeria (CBN) has moved aggressively to sanitize the country’s burgeoning Point-of-Sale (PoS) network, announcing a comprehensive overhaul of the agent banking system through 13 new strict directives. The key actions—the introduction of a stringent ₦1.2 million daily transaction limit for agents and mandatory monthly activity reporting …

The Central Bank of Nigeria (CBN) has announced a significant tightening of regulations governing the Point-of-Sale (PoS) network, directing all financial institutions to submit detailed monthly reports on their agent activities. Effective immediately, the revised framework also introduces a strict daily transaction limit of ₦1.2 million for all PoS agents, …

Polaris Bank has reaffirmed its unwavering commitment to deepen delivery of exceptional customer experiences as it joins institutions across the world to celebrate 2025 Customer Service Week, themed “Mission: Possible.” The annual global event, which runs from today Monday, October 6 to Friday, October 10, is dedicated to recognising the …

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says 14 Nigerian banks have fully met the new capital requirement in the ongoing recapitalisation exercise. Cardoso said this on Tuesday in Abuja, while presenting a communiqué from the 302nd meeting of Monetary Policy Committee (MPC) of the CBN. …

FirstBank, the premier West African bank and a leading financial inclusion service provider, is set to introduce tailored financial services for blind, partially sighted, and physically challenged customers across its operations. This initiative is part of FirstBank’s broader continuous commitment to promoting Financial Inclusion and Diversity, which is shown in …

Africa’s leading neobank and foremost fintech platform, PalmPay, is celebrating six years of delivering value, impact, and reliable banking services to millions of users across Nigeria. With more than 35 million people now choosing PalmPay for their everyday financial needs, the company marks this milestone by reflecting on a journey …

The Central Bank of Nigeria has issued a fresh directive compelling all Domestic Systemically Important Banks to obtain regulatory approval for the appointment of successor managing directors/ CEOs at least six months before the exit of incumbent chief executives. In addition, the apex bank ordered that such appointments must be …

Tier One Lender, Fidelity Bank Plc, has commenced the disbursement of the Federal Government of Nigeria’s (FGN) MSME Intervention Funds, administered by the Bank of Industry (BOI), to qualified SMES with a strategic focus on empowering women-owned businesses across the country. The FGN MSME Intervention Fund is designed to provide …

United Bank for Africa (UBA) has extended the deadline for its ongoing rights issue, giving investors two additional weeks to buy into its latest capital raising exercise aimed at meeting stricter recapitalisation  regulatory requirements. The offer, which was originally scheduled to close on Friday, September 5, will now remain open …