Finance
NPF Microfinance Bank Grows from ₦500,000 to ₦13bn
Nigeria Police Force (NPF) Microfinance Bank has recorded significant growth over the past three decades, transforming from a small financial...
Finance
Kogi Targets ₦50bn Sukuk to Build Airport, Lokoja Market by March 2026
The Kogi State Government has announced plans to raise a ₦50 billion Sukuk bond to speed up the construction of...
Finance
FCMB Opens N20bn Series 2 Private Debt Fund
FCMB Asset Management Limited has announced plans to open the FCMB-TLG Private Debt Fund Series 2 Offer of up to...
Finance
FCMB Meets ₦200bn Capital Requirement
FCMB Group Plc has crossed the ₦200 billion capital requirement needed to retain its national banking licence, meeting a key...
Finance
Universal Insurance shareholders approve N15bn recapitalisation
Universal Insurance Plc has secured shareholder approval to raise additional capital of N15 billion through a proposed recapitalisation exercise, as...
Finance
Parallex Bank seeks dismissal of FHT Mega Express suit over ₦7bn freeze
Parallex Bank Limited has asked the High Court of the Federal Capital Territory (FCT), Abuja, to dismiss a suit filed...
Finance
CODE launches project to track ₦32.9bn BHCPF funds
Connected Development (CODE), a leading non-profit organisation advancing social accountability and citizen participation in governance, has launched a new project...
Finance
The Alternative Bank Sukuk enters Sharia screening ahead of issuance
The Alternative Bank has commenced the 2026 financial year with a major move in Nigeria’s Islamic capital market, as its...
Finance
ARM launches N200bn private debt fund to boost SME financing
ARM Investment Managers has launched a N200 billion Private Debt Fund aimed at providing long-term and affordable financing for Nigeria’s...
FinanceFintech
Paystack launches Paystack Microfinance Bank after Ladder MFB acquisition
Paystack Inc., the Nigerian fintech owned by Stripe, has formally entered Nigeria’s banking sector following the acquisition of Ladder Microfinance...
Finance
BudgIT requests FOI details on FG intervention funds to States
BudgIT Foundation, a civic tech organisation known for promoting transparency and accountability in Nigeria’s governance, has requested detailed information from...
Finance
Afreximbank provides $64m funding for Levene Energy gas sector entry
The African Export-Import Bank (Afreximbank) has approved a $64 million acquisition finance facility for Levene Energy Development Limited to back...
Finance
Heritage Bank: NDIC declares N24.3bn liquidation dividend for depositors
Heritage Bank Limited has entered another phase in its liquidation process as the Nigeria Deposit Insurance Corporation, NDIC, announced a...
Finance
AltBank targets livelihood sectors, creative economy in 2026
AltBank’s 2026 strategy will prioritize financing in sectors that directly shape livelihoods and is also exploring structured partnerships within the...
Finance
ALAT App Upgrade Set for January Launch
The digital banking arm of Wema Bank Plc, ALAT, is set for an upgrade this month, according to a statement...
Finance
UBA raises N157.84bn as rights issue records full subscription
United Bank for Africa has successfully raised N157.84bn to close its rights issue after the exercise was fully subscribed, the...
Finance
Fidelity Bank Raises Up to N270bn in One-Day Private Placement
Fidelity Bank Plc has successfully raised between N250 billion and N270 billion through a private placement, boosting its qualifying capital...
Finance
FirstBank meets CBN N500bn capital requirement ahead of deadline
First HoldCo Plc has announced that First Bank of Nigeria Limited, FirstBank, has successfully met the Central Bank of Nigeria’s...
EducationFinance
Raven Bank launches free campus internet for 400,000 Nigerian students
The Chief Executive Officer of Raven Bank, Uchenna Nnodim, has said the bank has begun the empowerment of 400,000 students...
FinanceNew Tax Laws
Banks Begin 10% Tax on Foreign Currency Deposit Interest
Nigerian banks have begun deducting a 10 percent withholding tax on interest earned from foreign currency deposits, effective January 1,...
