Wema Bank has once again asserted its dominance in the Nigerian banking sector’s sporting arena after emerging overall champion at the Nigeria Bankers Game (NBG) 2025 Grand Finale, marking the …
Banking
-
BankingEventsFinancial InclusionHuman RightsSports
-
BankingBusinessEconomyForex TradingNewsRegulation
CBN Revokes Licences of Legacy BDC Operators Who Missed New Compliance Deadline
The Central Bank of Nigeria has confirmed that all legacy Bureau De Change operators that failed to meet the new licensing requirements by 30 November 2025 have automatically lost their …
-
BankingEconomyFinance & ServicesGovernment PolicyINVESTMENTMarket Forecast
Naira Weakens Slightly at Official Market as Dollar Demand Increases Toward Year-End
Nigeria’s currency recorded a slight weakening at the official foreign exchange market on Monday, as the naira closed at N1,451.86 per US dollar, compared to N1,450.43 per dollar recorded at …
-
BankingEconomyFinance & ServicesForex TradingGovernment PolicyMarketsRegulation
CBN Approves Only 82 Licensed BDCs After New Forex Rules, Warns Nigerians Against Unauthorised Operators
The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change (BDCs) have been granted final approval to operate in the country after meeting its new and stricter …
-
AviationBankingFinanceFinancial InclusionRegional EconomyTravel & Tourism
TAJBank Signs MoU with NAHCON to Boost Hajj Savings Scheme for Nigerian Pilgrims
TAJBank Limited has signed a Memorandum of Understanding (MoU) with the National Hajj Commission of Nigeria to support and expand the Hajj Savings Scheme (HSS) for aspiring pilgrims across the …
-
BankingCapital MarketEconomyINVESTMENTStock MarketTechnology
Nigerian Stock Market Gains N2.44tn as ICT and Banking Stocks
The Nigerian Exchange Limited (NGX) ended the week on a strong note as renewed buying interest in ICT and banking stocks lifted the market by N2.44 trillion. The All-Share Index …
-
BankingBusinessClimate ChangeEducationEntrepreneurshipYouth Empowerment
Mauritius team wins FirstBank Junior Achievement Award
First Bank of Nigeria Limited has awarded its prestigious CEO Award to Team Mauritius at the grand finale of the 15th Junior Achievement Africa Company of the Year competition, which …
-
BankingDevelopmentEconomyEducationEntrepreneurshipTechnologyYouth
The Alternative Bank Calls for More Tech Support for Nigerian Youths at JBC Summit
The Alternative Bank has renewed the call for increased access to technology and critical digital resources for young Nigerian innovators, saying such support is important for the country’s long-term economic …
-
BankingBusinessEconomyFinancePoliciesRegulationTechnology
Nigerian Banks Shift Focus to Fees, Digital Services as FX Windfall Falls
Nigerian banks are increasingly turning their attention to non-interest income as the extraordinary foreign exchange (FX) gains they enjoyed after the FX market harmonisation begin to fade. This trend was …
-
BankingDevelopmentEconomyFinanceInternational CooperationTrade
ITFC, TDB sign $100m trade facility, target $200m
The International Islamic Trade Finance Corporation (ITFC) and the Trade and Development Bank (TDB) Group have expanded their existing Murabaha trade finance facility by an additional $100m, with plans to …