30 Banks Hit Recapitalisation Target Ahead of March Deadline   Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday. The CBN said the recapitalisation exercise, launched in 2024 to strengthen...

10 Women Now Running Nigeria’s Most Powerful Banks, by Nafisat Bello   For decades, the uppermost leadership of Nigeria’s banking sector was an almost exclusive male preserve. Today, that narrative is changing quietly but powerfully. A growing number of women are now at the helm of...

Nigerian Banks Pay Out N135bn Dividends Amid Economic Challenges   Four of Nigeria’s leading financial institutions—United Bank for Africa, Zenith Bank, Guaranty Trust Holding Company, and Stanbic IBTC Holdings—have rewarded their shareholders with interim dividends amounting to about N135.49bn for the half-year ended June 30, 2025. The...

No Dividends, No Excuses: CBN’s Tough Love for Nigerian Banks, by Rahma Olamide Oladosu   There are moments in the life of an economy when hard decisions must be made not for applause or popularity, but to preserve the future. One such moment has arrived in...

Recent core banking upgrades across Nigerian Deposit Money Banks (DMBs) have sparked operational disruptions, leaving customers frustrated and unable to complete basic transactions. Despite reassurances, prolonged IT glitches have hindered account access, disrupted transfers, and eroded customer trust.

Recent core banking upgrades across Nigerian Deposit Money Banks (DMBs) have sparked operational disruptions, leaving customers frustrated and unable to complete basic transactions. Despite reassurances, prolonged IT glitches have hindered account access, disrupted transfers, and eroded customer trust.