— Jude Anele, Managing Director/CEO Nova Bank By St. Johnson Adegboyega NOVA Bank Limited has announced the appointment of Jude Anele as its Managing Director and Chief Executive Officer, following the approval of the Central Bank of Nigeria. The appointment comes at a pivotal moment in the Bank’s evolution, following its transition from merchant banking to commercial banking and the successful completion of its… []
— CBN Governor, Olayemi Cardoso By Adeola Idris New amendments have been introduced by the Central Bank of Nigeria (CBN) to the regulatory framework guiding Bank Verification Number (BVN) operations, including the creation of a temporary fraud watchlist, stricter enrolment conditions, and limits on phone number changes linked to BVNs. In a circular issued by the CBN’s Payments System Policy Department to banks, other financial institutions… []
— CBN Governor, Olayemi Cardozo By Adeola Idris As Nigerian banks are undergoing a recapitalisation programme, slated to end by March 31. The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities. A large ticket obligor is a borrower (an individual or company) that owes a very large amount of money to a bank…. []
— Opay logo By Bunmi Onakan OPay Digital Services Limited has dismissed reports that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service over alleged non-compliance with tax obligations, describing the claims as false and misleading. Reports had circulated on social media and online platforms alleging that the NRS sealed OPay’s Lagos and Abuja offices over non-compliance with Value Added… []
— Oliver Alawuba, GMD/CEO of UBA By Muyiwa Akinola With over 3.2 million complaints regarding failed transactions in 2024, representing a 66.3% increase from 2023. While the bank resolved 75% of these, a significant volume, exceeding 1.1 million, remained unresolved as of late 2025 United Bank for Africa (UBA) has been rated with the highest volume of customer complaints. This became known following The Economic and… []
–– CBN, Alpha Morgan Bank logos By Adeola Idris The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution. This affirmation reflects the Bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support… []
By St. Johnson Adegboyega Zenith Bank Plc will commemorate the 2026 International Women’s Day with a renewed call to purposeful action and leadership. As part of preparations to celebrate this significant occasion, the Bank is set to hold its annual International Women’s Day Seminar on Monday, March 9, 2026, at The Civic Centre, Victoria Island, Lagos. Aligned with the global theme ‘Give to Gain”… []
By Muyiwa Akinola Following the completion of its private placement exercise, SunTrust Bank Nigeria Limited has exceeded the N50 billion minimum capital requirement. Sources familiar with the development said the bank’s total paid-up capital now stands at about N51.1 billion, surpassing the regulatory benchmark. This places the regional financial institution among banks that have met their regulatory capital requirements and comes ahead of the March… []
— Access Bank Headquarters Lagos By Bunmi Onakan Access Holdings PLC, the parent company of Access Bank Group, has reinforced the leadership of the financial institution, in connecting African and European markets as its Group Managing Director and CEO, Innocent C. Ike, officially inaugurated the Nigerian Pavilion at the 2026 Paris International Agricultural Show. The event marks a pivotal moment in advancing strategic trade, investment,… []
L-R: Olusola Faleru, Chief of Staff to the Executive Director, Commercial and Institutional Banking (CIB), Lagos and South West, The Alternative Bank (AltBank); High Chief Fulani Folorunsho; Korede Demola-Adeniyi, Executive Director, CIB (Lagos and South West), AltBank; Prince Olusegun Omojuwa, Chief of Staff to the Ondo State Government; Funmilayo Aberuagba, Funmi Aberuagba, Business Head, Institutional Banking, South West, AltBank, and Adelana Ogunjirin, Head, Structured Trade Finance,… []
–ACAMB Logo By St. Johnson Adegboyega In a bid to foster accurate public discourse as well as protect the stability of the financial sector, the Association of Corporate and Marketing Professionals in Banks (ACAMB) has stepped in to educate renowned content creator, Unofficial Osas, following his misrepresentation of facts concerning the Central Bank of Nigeria’s (CBN) recapitalisation drive, and subsequent invitation by the Nigerian Police… []
— Ebenezer Kolawole, MD/CEO Unity Bank St. Johnson Adegboyega Following the recently held Court-Ordered Meeting and subsequent overwhelming endorsement, the merger and business combination between Unity Bank Plc and Providus Bank Limited remains firmly on course. Analysts appraising the ongoing recapitalisation programme believe that the regulatory backing and shareholders’ support for the merger represent the most important milestones for meeting the recapitalisation requirements within the… []
— Dr. Jim Ovia By St. Johnson Adegboyega The Management of Zenith Bank Plc has advised the public to disregard videos circulating online linking the bank’s Group Chairman, Dr Jim Ovia, as endorsing an investment scheme known as Wealth Bridge. The bank issued the warning in a disclaimer statement on Tuesday signed by its management addressed to debunk claims by fraudsters over Dubious video describing… []
Yemo Alakija (right), President, Lagos Polo Club and Mr. Segun Agbaje, Group CEO, GTCO Plc along side other dignitaries and players during the presentation of the Majekodunmi Cup to winners at the NPA Lagos International Polo Tournament sponsored by GTCO in Lagos. By Bunmi Onakan Guaranty Trust Holding Company Plc has reaffirmed its commitment to advancing sports development in Nigeria and across Africa following the… []
— Sterling HoldCo HQ By St. Johnson Adegboyega Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are fully recapitalised in line with the Central Bank of Nigeria’s (CBN) revised minimum capital requirements, following final regulatory approvals received in January 2026. The capital-raising programme itself was substantially completed between December 2024 and October 2025, positioning… []
— Wola Joseph Condotti By St. Johnson Adegboyega Her appointment highlight sweeping awareness on the importance of the female gender in building successful globally competitive business. On Tuesday, Jan. 13, 2026, Wola Joseph-Condotti stepped into a leadership role as interim Chief Executive of Eko Electricity Distribution Plc (Eko Disco). Before her appointment, the seasoned corporate lawyer and energy executive was the Group Managing… []
— Kemi Omotosho By St. Johnson Adegboyega With effect from January 2026, MultiChoice Nigeria on Monday announced the appointment of Kemi Omotosho as its new Chief Executive Officer in Lagos. The appointment followed the retirement of John Ugbe, who is stepping down after nearly 15 years at the helm of the pay television company. MultiChoice Nigeria said the leadership change followed a structured transition process… []
–– CBN Head office By Muyiwa Akinola Nigerian banks are racing to meet the new capital requirements mandated by the central bank, a policy shift that is expected to strengthen the lenders’ resilience against shocks and enable them to make meaningful contributions to the country’s growth agenda. The recapitalisation exercise, which began in 2024, sets N500 billion for commercial banks with international authorisation, N200 billion… []
— UBA Head Office in Marina, Lagos By Adeola Idris and Muyiwa Akinola A criminal case has been filled against UBA Plc, the Group Managing Director, Mr Oliver Alawuba, Group Legal Adviser, Mr Billy Odum, and Deputy Managing Director, Mr Chukwuma Nweke for allegedly opening, operating, and maintaining Osun State Local Government Council accounts illegally without lawful authority by the Osun State government. — Tony… []
L-R: Jacqueline Ekpang, Zonal Head, Retail Sterling Bank Abuja; Tunde Akande, Business Executive, Institutional Banking, Sterling Bank Abuja; Omenta Rachael Chineye, Head of Community Sanitation and Education, Environmental Health and Safety Department, Environmental Protection Board Abuja; and Tochukwu Olife, Business Executive, Commercial Banking, Sterling Bank Abuja, at the nationwide Sterling Environmental Makeover(STEM) held in Abuja recently. By Muyiwa Akinola In a renewed commitment to strengthen… []
