…bank added:"We remain committed to providing you with competitive returns and excellent banking services."CBN's monetary policy rate decisionThe rate cuts follow a decision by the CBN's Monetary Policy Committee (MPC), which reset the MPR at 23% during its meeting on September 21 and 22, 2026.In Monetary Policy Communi…

…the NDIC boss emphasised that safeguarding individual savings and ensuring a stable banking climate are fundamental to achieving the Federal Government’s target of a $1tn economy by 2030. Addressing participants and key business stakeholders at the event, Sunday made a direct appeal to the public to avoid high-yield fi…

Liquidity in Nigeria’s banking system climbed sharply to N8.84tn ahead of the settlement of the Central Bank of Nigeria’s latest Open Market Operation bills, raising expectations of a substantial cash withdrawal from the financial system. The latest liquidity position represents a 37.01 per cent increase from N6.45tn,…

…Bank’s broader corporate approach toward SME development, which moves beyond standard banking services to actively construct sustainable capacity within Nigeria’s commercial ecosystem. By expanding the reach of the Wema Export Trade Academy, the financial institution continues to consolidate its role as a key catalyst…

Twin sisters Sonusi Busolami Taiwo and Sonusi Busayomi Kehinde both graduated from Osun State University with strikingly similar CGPAsThe sisters initially gained admission into the Department of Public Health before switching to the Department of Nursing Science in their 200 levelThe twins revealed they studied togeth…

…Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.Recent flight disruptions that left passengers stranded, particularly in Abuja, have been linked to unpaid debts owed by some airlines to aviation fuel marketers.Passengers booked on Air Peace flights last Friday…

…for businesses and investors.” Meanwhile, in his presentation, the Director of Banking Supervision of CBN, Dr. Olubukola Akinwunmi, said that the apex bank has, increased its oversight of the banks. He revealed that CBN has tightened its supervisory role to prevent the banking system from sliding into dire situations t…

…at Osun State University, held an executive position in his department while studying Banking and FinanceMohammed took to his TikTok page to share his academic result, revealing the CGPA he finished with after years of studyThe certificate he displayed on social media showed a specific CGPA figure that caught the atten…

Banking and financial technology applications have reached 88 per cent of smartphone users in Nigeria as consumers increasingly turn to mobile devices for payments, transfers and other financial transactions, a new report has revealed. The Nigeria Smartphone Study 2025, conducted by KPMG Nigeria and Orange Group, found…

…project and not political patronage. He described himself as a businessman who began his banking career with Citibank in the 1980s before building successful businesses, particularly in the energy sector. According to him, his career and business activities had enabled him to develop relationships with people from diff…

…and extended its mortgage loan and home ownership scheme to employees from the Assistant Banking Executive to Deputy Manager cadres, with higher mortgage limits for those who qualify.The bank said these steps form part of a wider plan to improve staff productivity, workplace satisfaction and employee retention.Banks ra…

…Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.Crude oil supplies to Nigerian domestic refineries increased significantly in August 2026, as local processing facilities received an average of 683,000 barrels per day (b/d), according to the latest industry data…

…smaller. Its focus on housing finance also makes direct comparisons with diversified banking groups less straightforward.Economist seeks stronger business lendingEconomist Dr Aliyu Ilias told The PUNCH that banks were benefiting from economic activity, particularly in stock and foreign exchange markets.He urged lenders…

…aiding Iranian sanctions evasion. Washington said VTB Bank opened offices in Iran, built banking ties with sanctioned Iranian financial institutions, and worked to move billions of dollars in assets. The U.S. government pledged continual targeting of those who provide material, technological, or financial support that…

…on invalid order by a Magistrate Court that lacked the jurisdiction to entertain any banking related case, including issuing orders for the freezing of a bank account. The high court judge ordered the commercial bank and the police to jointly and severally pay the sum of N60 million to the law firm as general damages f…

…experience outside politics. Before becoming governor, Obi had a career in business and banking, including senior roles in the financial sector. That gives his presidential case a combination of private-sector, financial-management and public-sector experience.“He left office with a record that could be examined. That…

…after Monaco had pulled out of a deal to sell Lamine Camara to Chelsea, when they were banking on Balogun finalising his move. Balogun, who was at the centre of controversy at the World Cup after US President Donald Trump successfully intervened to force FIFA to suspend a red card so he could play against Belgium in th…

…celebrate the 60th birthday of the Vice President, describing Shettima’s journey through banking, public administration, executive leadership, the legislature and the Vice Presidency as one defined by preparation and service. Shettima, who was born in Maiduguri on September 2, 1966, clocked 60 on Wednesday. In the trib…

…Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.OPay, one of Nigeria’s leading fintech companies, has dismissed reports circulating on social media claiming that it plans to suspend or discontinue its operations in the country.The company gave the clarification…

…explained that a delegation of students from the institution's Department of Banking and Finance had visited Alli at his Mokola campaign office in Ibadan to interview him and extend an invitation to an upcoming departmental programme. According to the campaign team, the office was crowded upon the students' arrival, le…

…mild amusement. However, after it emerged that the young man is a representative of the Banking and Finance Students' Association, from the Ibadan Polytechnic, viewers became outraged as they called the act an abuse of power. The video was recorded when students met with the Oyo APC gubernatorial candidate, Sharafadeen…

…Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.The Federal Government has attracted more than $2 billion in investments for the development of Compressed Natural Gas (CNG) infrastructure and related value chains as it intensifies efforts to reduce transportati…

…contributions to national development. The President commended Shettima’s distinguished banking career and record of service as governor of Borno State and Vice-President of Nigeria, describing his public career as distinguished. “In both capacities, Kashim has demonstrated courage, diligence, compassion and an abiding…

…followed with a 3.34 per cent gain, while the Commodity sector advanced 2.58 per cent. Banking and Consumer Goods indices each gained 0.87 per cent, while the Industrial Goods sector appreciated 0.71 per cent. Trading activity strengthened during the session, although the number of transactions declined. Total volume t…

…making recovery difficult. “At the press of a button, you can collapse the entire banking industry in Nigeria. Most of the data we are investigating now, you can’t trace tangible assets to them,” he said. To address this, Olukoyede said about 40 virtual asset platforms had been licensed in Nigeria and the Commission no…