…urgently provide needed support to their housing corporations in accessing seamless land banking and funding to address rising housing shortages for the low and medium income group. "The meeting notes and condemns the recent practice of some state governments merging state housing corporations with ministries of housin…

…to the bank, Nnorom is a chartered accountant with more than 40 years of experience in banking, finance and auditing. He has served as a non-executive director of UBA and previously held senior executive positions in the financial services sector. The retirement comes in line with the Central Bank of Nigeria’s revised…

…Bill, 2026, into law, introducing reforms that set out how Kenya will respond to future banking crises by establishing rules for emergency support to lenders and expanding the central bank’s role in preserving financial stability. Under the law, the CBK may provide emergency liquidity assistance where it considers inte…

…a former chairman of the Irekari Local Council Development Area, argued that restoring banking operations to the historic town would not only revive economic activities but also honour one of Nigeria's foremost banking icons. According to him, the Ido-Ani branch of the bank was established in the 1980s during Asabia's…

…depended on foreign settlement systems, whether through European banks, US correspondent banking networks, or limited access to systems like SWIFT. We want countries to have more control over their currencies, financial rails, and economic futures while still participating in the global economy. In Uganda specifically,…

…On Omodayo-Owotuga, the company said he joins the board with extensive experience in banking, infrastructure finance, energy, governance and corporate transformation. It added that he currently serves as an Executive Director at First Bank of Nigeria Limited and has previously held senior leadership positions across th…

…have already made this transition. India's Aadhaar enables biometric authentication for banking and public services. Estonia introduced Mobile-ID in 2007, which allows citizens to vote, sign legally binding documents, among other things. Singapore's Singpass, launched in 2003 and upgraded to a mobile-first digital iden…

…and regulatory actions whenever necessary to maintain public confidence in the country's banking sector. Kano, Lagos account for largest share The list released by the CBN shows that Kano accounted for the largest number of affected institutions, including: Bompai MFB Now Now Digital MFB Minjibir MFB Sycamore MFB Kanop…

…businesses collect, pay out, convert, and settle across African markets. Read more here. Banking Kenya’s banking sector is reshuffling its leadership again Abdi Mohamed. Image: Absa In Kenya’s banking circles, Monday delivered a rare double headline. Absa Bank Kenya confirmed that its Managing Director and Chief Execut…

…adoption of IFRS Sustainability Disclosure Standards. These organisations cut across banking, financial services, manufacturing, industrial goods, consumer goods, oil and gas, telecommunications, insurance, fintech and even the SME sector. To support this transition, the Financial Reporting Council has organised over 4…

…a Financial Times publication, in 2023 that the company had also secured a microfinance banking licence from the Central Bank of Nigeria (CBN), which could enable the fintech to offer tokenised investment products directly. "Every consumer fintech is sitting on idle balances that earn nothing for the customer and littl…

…June 28, 2026 The first generation of African digital lenders believed it had found banking’s blind spot. Millions of people earned money, ran businesses and moved cash around every day, yet remained invisible to lenders because they lacked collateral, formal employment or a long relationship with a bank. Technology pr…

…Fintechs built their reputation by making payments faster and replacing many physical banking functions with smartphones. Now, they are becoming banks, or at least a particular kind of bank. This year, Nigeria's biggest fintechs have accelerated their push into banking through microfinance bank (MFB) licences as they s…

…of KES 176.53 billion ($1.37 billion), making it Kenya’s fourth largest listed banking stock behind Equity Group at KES 301.89 billion ($2.34 billion), KCB Group at KES 235.39 billion ($1.83 billion), and Co-operative Bank at KES 205.35 billion ($1.59 billion). During Mohamed’s tenure as chief executive, the bank said…

What the data is saying: Renewed buying interest in large-cap banking and telecoms stocks drove the day's gains, reversing the pattern of institutional selling that had defined the preceding six sessions. Highlights of Monday's trading: All-Share Index: 238,219.19 points, up 0.97% Market Capitalisation: N152.79 trillio…

…Obi-Chukwu drew a distinction between fintech platforms and their licensed microfinance banking subsidiaries. According to him, while fintech payment businesses may not necessarily need public disclosures, entities that hold customer deposits should be subject to greater transparency. "They have the XYZ Microfinance Ba…

…earned an average return of roughly 46.8% by June 19, 2026. What you should know: The banking and consumer goods sectors have underperformed in the review period. The NGX Banking Index at +35.77% has underperformed the ASI by approximately 16 percentage points - a striking gap for a sector that dominates NGX trading vo…

…Yamoussoukro holds the formal title of political capital, Abidjan is where the country's banking, shipping and manufacturing activity is concentrated. In fact, its port remains one of the busiest in West Africa, a magnet for the population growth reflected in this year's numbers. The city has added about 157,707 people…

…the systemic nature of the correction rather than isolated sector rotation. The NGX Banking Index declined 10.49% to 2,058.07 points, while the NGX CG Index lost 7.55%, and the NGX Insurance Index retreated 7.22%. The NGX Industrial Goods Index fell 4.11% to 11,114.23 points; the NGX Premium Index shed 4.03%. The NGX 3…

…to make a way. How did you now 'make a way'? I got a job as an office boy. After leaving banking work, in Nigeria, I came to America and started working as an office boy. There were days they asked me work to carry computers from third floor to first floor. I cried while carrying those computers. They were so heavy. I…

…servant." The group therefore called on ICPC to conduct a forensic review of OGWAMA's banking records, procurement documents, contract awards, and payment schedules to uncover the truth. "As sons and daughters of Ogun State, we are deeply concerned about the exploitation of public office for selfish interests. If Mr. A…

…to be stranded because of equipment failure," he urged. Drawing a comparison with modern banking technology, Ojudu questioned why election technology could still experience such challenges despite years of preparation. "Banks deploy applications and platforms that millions of people use daily for transactions with mini…

…Bills. However, this recent crash is largely a regulatory shake-up targeted at large banking groups such as Access, GTCO, FBNH, and FCMB. The core reasons include: a revised method for calculating capital for HoldCos and stricter "ring-fencing" rules requiring these entities to hold at least 20% more regulatory capital…

…particularly between developed markets and emerging economies where correspondent banking remains costly and fragmented. According to the World Bank, sending $200 to Sub-Saharan Africa costs an average of about 7.7% of the transaction value, making it the world’s most expensive remittance corridor and well above the UN…

…their families to be alert to fraudulent schemes aimed at stealing their personal and banking information under the pretext of processing pension benefits. The board raised concerns over what it described as an identity theft operation targeting pensioners and next of kin across the country. According to the board, fra…