Nigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
Nigeria banking sector
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BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
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AwardsBankingBusinessEconomyTechnology
Polaris Bank Wins Digital Bank and MSME Bank of the Year at 2025 BAFI Awards
Polaris Bank has reaffirmed its leadership in Nigeria’s digital banking space by winning two major honours — the Digital Bank of the Year and Best Bank for Micro, Small and …
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AwardsBankingBusinessTelecommunications
FirstBank Rewards FMCG, Cement, and Telecoms Distributors at Annual Forum
First Bank of Nigeria Limited has recognised its key distributors in the fast-moving consumer goods, cement, and telecommunications sectors at the 2025 edition of its annual Key Distributor Forum for …
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Banking, Finance & InvestmentBusinessEconomyInternational Relations
Fitch Maintains Ecobank Nigeria’s ‘CCC’ Rating Despite Liquidity Concerns
International rating agency, Fitch Ratings, has reaffirmed the Long-Term Issuer Default Rating (IDR) of Ecobank Nigeria (ENG) at ‘CCC’. This means that while the bank’s financial standing remains challenged, it …
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AfricaBanking, Finance & InvestmentEconomyMarketsTechnology
UBA Pushes Pan-African Banking Goals as Executives Meet in Lagos for Half-Year Review
The United Bank for Africa (UBA) Group has restated its commitment to expanding its pan-African presence as it continues to grow beyond Nigerian borders. This came during the Group’s Half-Year …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesTechnology
Nigerian Banks Resume Naira Debit Card Use for International Transactions
Nigerian banks have resumed the use of naira debit cards for international transactions and online payments, more than three years after suspending the service due to acute dollar scarcity. The …
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Banking, Finance & InvestmentBusinessEntrepreneurshipFinance & Services
Keystone Bank Wins SME-Friendly Bank Award for 2024
Keystone Bank Limited has been recognised as the “Most Friendly SME Bank of the Year 2024” at the Champion Newspapers Annual Awards, which took place over the weekend in Lagos. …