Banks Shut 476 Branches, Cash Centres As Nigeria’s Physical Banking Network Shrinks
DEPOSIT Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, reducing their physical footprint by 8.8.
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CBN Tightens Surveillance Of Banks, Financial Institutions Over Terrorism Financing
THE Central Bank of Nigeria (CBN) has intensified surveillance of banks and other financial institutions over terrorism financing risks as part of efforts.
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Court Orders 71 Banks To Freeze Accounts Linked to N1.3bn Access Bank Fraud
THE Federal High Court in Lagos has ordered 71 banks and other financial institutions to place debit restrictions on accounts used to warehouse.
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NFIU Receives 42,082 Suspicious Transaction Reports From Banks, Fintechs In 2025
BANKS, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports (STRs) to the Nigerian Financial Intelligence Unit (NFIU) in 2025, as.
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CBN Resolves 90% Of Customer Complaints, Refunds N19.12bn, Sanctions Banks Over Infractions
THE Central Bank of Nigeria (CBN) resolved nearly 90 per cent of complaints lodged by consumers of financial services in 2025, with refunds.
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CBN Orders Nationwide Freeze On Terrorism-Linked Accounts, Targets Six Individuals, Four BDCs
THE Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze transactions, accounts, and assets linked to six.
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Nigerian Banks Earn N209bn From Account Maintenance Charges In Three Months
NIGERIANS banks generated a combined N209.18 billion from account maintenance charges in the first quarter of 2026, representing a 14.07 per cent increase.
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CBN Raises ATM Card Fee to N1,500, Removes Maintenance Charges
THE Central Bank of Nigeria (CBN) has increased the fee for the issuance or replacement of debit and credit cards from N1,000 to.
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CBN Raises Alarm Over Hack Attempts Days After CAC Cyber Breach
THE Central Bank of Nigeria has raised fresh concerns over cyber security threats, warning Nigerians of ongoing hacking attempts aimed at gaining access.
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‘Open Your Toilets To Public’, Lagos Govt Orders Banks, Filling Stations, Others
LAGOS Govt State Government has appealed to private organisations such as banks, filling stations, eateries, and others to make their restrooms available for.
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₦4.65tn Raised As 33 Banks Meet CBN’s Capital Thresholds
THE Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, revealing that 33 banks have met.
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How 34 Nigerian Banks Met Recapitalisation Targets Ahead Of March Deadline
WITH just days to the March 31, 2026 deadline, Nigeria’s banking sector has recorded a major milestone as 34 banks have successfully met.
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CIBN Pledges Support For ACAMB As New President, Unveils Ambitious Plans
THE Chartered Institute of Bankers of Nigeria (CIBN) has pledged its full support to the Association of Corporate and Marketing Professionals in Banks.
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Recapitalisation: Banks Raise N4trn Ahead Of March Deadline
BANKS have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of.
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Naira Hits Record ₦1,400/$1
THE Nigerian Naira has hit a record high of ₦1, 400 against the US dollar at the official market during the midweek trading.
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Banks, Moniepoint, Others Alert Customers As FG Enforces VAT On USSD Service
THE Federal Government has directed all banks and financial technology companies operating in Nigeria to begin collecting and remitting a 7.5 per cent.
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Banks, Telcos Get March 1 Deadline on Failed Airtime, Data Refunds
BANKS and telecommunications operators in Nigeria have been handed a March 1, 2026, deadline to fully implement a comprehensive refund framework aimed at.
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PoS Boom Forces Closure Of 229 Bank Branches As Nigerians Abandon Banking Halls
NIGERIA’s banking industry is undergoing a major structural transformation, as the rapid rise of Point of Sale (PoS) transactions continues to erode the.
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States, LGs Cut Bank Debts By ₦547.5bn As FAAC Inflows Surge
STATE governments and local government councils across Nigeria have significantly reduced their exposure to bank loans, collectively repaying about ₦547.52 billion within one.
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UBA Group Shines At 2025 Banker Awards, Wins Africa’s Bank Of The Year For Third Time In Five Years
AFRICA’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and.