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Cardoso unveils top banks to power $1bn diaspora reserves goal

Damilola - September 10, 2025

The Central Bank of Nigeria (CBN) has intensified efforts to boost foreign reserves through diaspora inflows, as Governor Olayemi Cardoso revealed a list of...

NDIC Begins N54.6bn Payout to Heritage Bank Depositors

Damilola - August 8, 2025

In a landmark development marking progress in Nigeria’s banking resolution efforts, the Nigeria Deposit Insurance Corporation (NDIC) has announced the successful disbursement of ₦54.62...

CBN Demands Capital Restoration Plans from Banks Amid Forbearance Risk

Damilola - July 8, 2025

The Central Bank of Nigeria (CBN) has issued a directive mandating affected banks to submit comprehensive Capital Restoration Plans. This forms part of the...

Five Banks Beat CBN Recap Deadline

Damilola - July 7, 2025

The Nigerian banking sector has reached a pivotal milestone, as at least five financial institutions have successfully met the capitalisation thresholds set by the...

Weak Judiciary Hampers Recovery of N1.5 Trillion in Bad Loans, Judges Informed

Damilola - June 18, 2025

The Nigerian banking industry has raised alarm over the sluggish judicial process frustrating the recovery of over ₦1.5 trillion in bad loans, with financial...

NCC Directs Customers to Pay Bank USSD Fees via Airtime Balance

Damilola - June 4, 2025

In a significant policy shift designed to resolve a long-standing conflict between telecom operators and Nigerian banks, the Nigerian Communications Commission (NCC) has issued...