banking-industry
10/2/2026
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have initiated a landmark intervention.
11/2/2026
Lagos State just dropped an economic bombshell that could reshape West Africa's financial landscape forever; a comprehensive roadmap to establish the region's premier International Financial Centre (LIFC)
Acting Director-General of PenCom, announced a strategic pivot: participants in the Micro Pension Plan (MPP) can now make contributions via POS terminals
5/2/2026
If you’ve ever sat at the airport scrolling through your phone for three hours because of 'operational reasons', we have some news that might make you want to do a little shaku-shaku.
4/2/2026
Except you've been living under the rocks, you should know by now that Nigeria is currently undergoing a bit of a 'makeover'; and we’re not talking about a new coat of paint on the National Stadium.
29/1/2026
If you’ve ever used a bright green OPay card to buy fuel, sent a quick 'urgent 2k' via Kuda, or seen a Moniepoint POS at almost every street corner in Lagos, then you know these guys are the unofficial heartbeat of the Nigerian economy.
28/1/2026
After 21 years of 'I’ll talk to you later', PayPal has officially entered a partnership with local Fintech Paga to allow Nigerians to receive international payments and settle them directly in Naira. Get full gist here!
22/1/2026
In 2025, losses from banking fraud in Nigeria took a massive 51% nose-dive, dropping from ₦52.26 billion in 2024 to ₦25.85 billion. Here's why it matters...
27/1/2026
According to recent business indicators, Nigeria’s economic momentum in 2025 was the strongest it’s been since 2022. That’s not just 'vibes', that’s actual growth.
20/1/2026
If you still think Microfinance Banks (MFBs) are just for petty traders or 'ajo' savings, it’s time for a mental software update.
16/1/2026
With the Central Bank of Nigeria's (CBN) March 31, 2026, recapitalization deadline now less than a fiscal quarter away, the frantic race for capital that began in 2024 has crystallized into a new reality.
8/1/2026
If Nigeria’s economy were a long-running TV series, Governor Olayemi Cardoso just walked on stage at the 60th Chartered Institute Bankers Dinner (CIBN) and announced: “Guys, the plot has finally turned.” And for once, it’s not a cliffhanger.
8/09/2025
Think of it like the Real Madrid squad joining forces with the Chelsea squad. You take the best of both, and behold; a stronger, more satisfying team is made. On September 1, 2025...
20/08/2025
At the 2025 Central Bank of Nigeria (CBN) Fair in Lagos which kicked off on 12 August, 2025, Central Bank of Nigeria officials said they’re reviving the eNaira as part of a wider push for “alternative payment channels”
29/08/2025
If you’re that person who moves your POS machine from one location to another like a traveling salesman, bad news: the Central Bank of Nigeria (CBN) just banned that waka-waka lifestyle.
2/09/2025
Nigerian banks are currently in their “new year, new me” era. In March 2024, the Central Bank of Nigeria (CBN) introduced a new recapitalisation policy, basically telling every bank: “Go to the gym, bulk up your capital, or lose relevance.”
26/08/2025
Another day, another money gist from the Nigerian financial streets. This time, open banking is about to enter the chat in August, and it’s easier than it sounds.
Jul 8, 202
Several Nigerian Deposit Money Banks (DMBs) have restored the use of naira cards for overseas transactions, setting varying spending limits as the foreign exchange (FX) situation shows signs of improvement.
May 9, 2025
Africa Soft Power, a pan-African movement designed to accelerate the continent’s development by leveraging its creative, knowledge, and digital economies, is set to host the fourth edition of its flagship convening; the Africa Soft Power (ASP) Summit 4.0, in Nairobi, Kenya, from May 21st –25th, 2025.
March 7, 2025
For a while now, 'Naira depreciates' hasn't dominated the headlines, and that's a reason to celebrate as the Naira is still on a winning streak.
Jan 16, 2025
Grab a seat, fam, because this gist from the Central Bank of Nigeria (CBN) is about to make our Diaspora Nigerians shout for joy. You know the drill
Dec 18, 2024
Before you delve into today's topic take a deep breath. Now let's address the rumors; the Central Bank of Nigeria (CBN) has confirmed that ...
Dec 12, 2024
If you have been struggling to get cash from the bank lately, you are not alone. The cash crunch is back, and just like...
Dec 13, 2024
The Central Bank of Nigeria (CBN)—you know, the big boss of money matters in the country. People talk about it like it’s the omnipotent fixer of...
Dec 8, 2024
The Nigerian banking sector is embracing innovation and reforms, transforming its operational landscape.
