Nigerian banks
Signature Bank Surpasses ₦50bn Capital Requirement in CBN Recapitalisation Drive
Signature Bank Limited has increased its capital base to ₦52 billion, exceeding the ₦50 billion minimum capital requirement set by the Central Bank...
CAC Accuses Banks of Enabling Non Compliant Companies Uncovers Fake Registrations
The Registrar General of the Corporate Affairs Commission CAC Hussaini Magaji SAN has accused some banks and financial institutions of undermining Nigeria’s anti...
Rising Loan Defaults Push Banks’ Bad Loans to ₦21.2 Trillion Amid Economic Strain
Nigeria’s banking sector is grappling with a surge in loan defaults as harsh economic conditions continue to weigh on households and businesses, pushing...
Nigeria’s PAPSS Transactions Drop 53% as Cross-Border Payments Decline in H1 2025
Nigeria’s participation in the Pan-African Payment and Settlement System (PAPSS) witnessed a sharp slowdown in the first half of 2025, with the value...
EFCC Exposes Banks, Fintechs for Facilitating N180.7 Billion in Fraudulent Transactions
The Economic and Financial Crimes Commission (EFCC) has revealed systemic lapses in Nigeria’s financial sector, disclosing that commercial banks, fintech companies, and microfinance...
