Browsing Tag
Banking
48 posts
Central Bank of Nigeria lifts decade-long ban on local investor OMO participation
The Central Bank of Nigeria has ended its seven-year ban on local participation in Open Market Operations, granting individuals and corporations access to the market while simultaneously lifting various discount window restrictions.
Central Bank of Nigeria Modifies Rules for Discount Window and OMO Participation
The Central Bank of Nigeria has eased certain restrictions on Discount Window access while maintaining specific limits on OMO auction participation.
UBA and Mikano Motors collaborate on new vehicle financing program
United Bank for Africa and Mikano Motors have launched 'Drive Your Dream Today,' an auto financing scheme allowing customers to purchase vehicles with a 30 percent down payment.
Lawmakers and NDIC Collaborate to Enhance Depositor Safeguards Post-Recapitalization
Nigerian lawmakers and the NDIC are collaborating to bolster banking sector safety and depositor protection following the completion of recent industry-wide recapitalization.
Nigerian News Roundup: Financial Disparities and National Security Debates
This news summary covers bank dividends, JAMB grievance resolutions, national debt servicing figures, and government responses to security and economic policy criticisms.
Six Major Nigerian Banks Distribute N1.27 Trillion in Dividends
Despite strong profits, only six Nigerian banks issued dividends in 2025, as the Central Bank of Nigeria enforced strict regulatory standards that prevented five other profitable lenders from making payouts.
Atiku Abubakar reports unauthorized funds and security breach
Atiku Abubakar has reported a mysterious credit to his private bank account to security agencies, raising concerns about a potential data breach and the vulnerability of personal financial information.
FCMB Launches ₦20 Billion Fund to Support Nigerian Healthcare Sector
FCMB has introduced a ₦20 billion financing initiative to bolster private healthcare businesses in Nigeria, providing essential capital for equipment, infrastructure, and operational expansion.
NDIC Begins Reimbursing Depositors of 46 Closed Microfinance Banks
The NDIC has officially begun paying depositors of 46 microfinance banks following the recent revocation of their operating licenses by the Central Bank of Nigeria.
NDIC Begins Reimbursements for Customers of 46 Closed Microfinance Banks
The NDIC has commenced payouts to depositors of 46 microfinance banks following their license revocation by the CBN, utilizing automated payment systems to expedite the process.