CBN Imposes N10m Fine on Banks Using Unaccredited Cheque Printers, Revises Sanctions Regime
The Central Bank of Nigeria (CBN) has introduced stricter penalties, including a N10 million fine and withdrawal of cheques from...
CBN Grants Opay, Moniepoint and PalmPay National Operating Status
The Central Bank of Nigeria (CBN) has approved the upgrade of Opay, Moniepoint, and PalmPay to national operational status, clearing...
FairMoney Disburses ₦150bn in Loans, Pays Over ₦7bn Interest on Savings
FairMoney Microfinance Bank (MFB) has announced that it disbursed more than ₦150 billion in loans over the past year, while...
Top 5 NGX Penny Stocks to Watch in 2026 Amid Nigeria’s Recapitalization Drive
As the Nigerian Exchange (NGX) enters a defining phase in 2026, investor attention is increasingly shifting to low-priced equities, commonly...
Paystack Acquires Ladder Microfinance Bank, Enters Regulated Banking and Lending in Nigeria
Paystack has acquired Ladder Microfinance Bank in a strategic move to expand beyond payments and formally enter regulated banking and...
FG Directs Banks, Fintechs to Charge 7.5% VAT on Electronic, USSD Banking Services
The Federal Government has directed all banks and financial technology companies to begin collecting and remitting a 7.5 per cent...
NGX Lists 3.16bn New UBA Shares as Bank Crosses CBN N500bn Capital Threshold
The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc...
FG Unveils $2bn Energy Transition Fund, Seeks $30bn Annual Investment
The Federal Government says it is placing green finance at the centre of Nigeria’s energy transition strategy, with President Bola...
World Bank Projects Nigeria’s Fastest Growth in a Decade at 4.4% in 2026, 2027
The World Bank has projected that Nigeria’s economy will grow by 4.4 percent in both 2026 and 2027, marking what...
FairMoney MD Says Bank–Fintech Collaboration Key to Financial Inclusion, Nigeria’s $1tn Economy Goal
The Managing Director of FairMoney Microfinance Bank, Henry Obiekea, has said that closer collaboration between traditional banks and fintech companies...
