— President Tinubu at the event By Muyiwa Akinola When President Bola Ahmed Tinubu walked through the halls of the Tate Modern to experience the Nigerian Modernism exhibition, it was a defining moment and one that speaks directly to Nigeria’s cultural renaissance, the rising power of its creative economy, and the broader trajectory of Africa’s development. At its core, the visit signals a shift in… []
— Mr. Kennedy Onuwa Okwudili By Muyiwa Akinola Zenith Bank Plc has announced the appointment of Mr. Kennedy Onuwa Okwudili as an Executive Director of the bank effective May 1, 2026. The appointment, which is consistent with the bank’s tradition and succession strategy of grooming leaders from within, will further strengthen the bank’s Executive Management. Mr. Okwudili graduated with a Bachelor of Science (Honours) in… []
By Cyril Kingsley In a move aimed at expanding its reach into Africa’s fast-growing food service industry, a sector estimated to be worth about $50 billion across the continent, Nigerian fintech company Moniepoint Inc. has acquired restaurant management startup Orda Africa. The deal integrates Orda’s cloud-based restaurant software into Moniepoint’s business management platform, Moniebook, allowing food vendors and restaurants to manage orders, payments, inventory and… []
— Access Bank Headquarters, Lagos By Muyiwa Akinola Access Bank Plc and King’s Trust International (KTI) have formally signed a strategic partnership agreement to expand opportunity, entrepreneurship and sustainable livelihoods for young people across Africa. The partnership agreement was signed by Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc, for Access Bank, and Will Straw, CBE, Chief Executive Officer of King’s Trust International,… []
By Adeola Idris The November 22, 2024 judgment of the Court of Appeal in Abuja which upheld an arbitral award against Emerging Markets Telecommunications Services Limited (EMTSL) – doing business as 9Mobile – in favour of two aggrieved investors has been affirmed the Supreme Court. The arbitral award, made on September 26, 2022, required EMTSL to refund the $43,033,950 invested by the aggrieved investors –… []
–-Owen Omagiafo, President/Group CEO of Transcorp Plc By St. Johnson Adegboyega Transnational Corporation Plc (Transcorp Group) has hosted a high-level investors’ call to discuss its audited Full Year (FY) 2025 financial results and outline its strategic priorities for 2026. During the high-level investors’ call on Tuesday, Owen Omogiafo, President/Group CEO of Transcorp Plc said the conglomerate’s 2025 financial results affirmed the resilience of its investments… []
— Owen Omogiafo,, President/Group CEO of Transcorp Plc By Muyiwa Akinola Transnational Corporation Plc has announced a breakthrough in resolving long-standing liquidity challenges within its power business, confirming that it has reached strategic settlement agreements regarding its multi-billion naira power receivables. During a high-level investors’ call following the release of the Group’s 2025 financial results on Tuesday, the leadership revealed that a rigorous reconciliation process… []
— 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… []
