The Association of Lawyers with Disabilities in Nigeria (ALDIN) on Friday called on regulators, financial institutions, fintech companies, government agencies, and OPDs to intensify collaboration toward building an inclusive financial ecosystem that leaves no one behind. They specifically urged the Central Bank of Nigeria to prevail on commerc...
•CBN headquarters, Abuja Thirty-four banks have met the new minimum capital threshold eight days to the deadline for banking recapitalisation. A provisional list reviewed yesterday showed that all the major banks with international banking licences, which control more than 70 per cent of the industry and most national banks have scaled the rec...
•Naira notes The Central Bank of Nigeria (CBN) has instructed commercial banks to block loan defaulters, particularly large-ticket borrowers, from accessing new credit facilities within the banking system. A large-ticket obligor refers to an individual or company that owes a substantial amount of money to a financial institution, reports Vangu...
•CBN headquarters, Abuja With barely three weeks left before the deadline for Nigeria’s banking recapitalÂisation exercise, tension and anticipation are building across the financial indusÂtry as regulators, investors and customÂers await the final shape of the country’s banking landscape. The recapitalisation programme introduced by the Centr...
•Governor of the Central Bank of Nigeria, Olayemi Cardoso Banks have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN Governor, Olayemi Cardoso, disclosed this yesterday during the Monetary Policy Committee briefing in Abuja, saying, “As of Febru...
•Abiodun Keripe Managing Director of Afrinvest Consulting Limited, Abiodun Keripe, has touched on the impact of inflation and high interest rates on loan repayment being recorded by financial institutions across the country. His stance followed a recent fourth-quarter survey by the Central Bank of Nigeria (CBN), which said banks are recording ...
•Banks As Nigeria’s banking sector hurtles toward the Central Bank of Nigeria’s (CBN) recapitalisation deadline, four lenders — Union Bank, Keystone Bank, Unity Bank, and Polaris Bank — stand out for the wrong reasons. While Tier-1 banks have largely seÂcured their capital buffers or mapped clear paths to compliance, these instituÂtions remain...
The Economic and Financial Crimes Commission (EFCC) has launched an investigation into several banks and fintech companies allegedly complicit in fraudulent schemes that defrauded Nigerians of N18.7 billion. The scams, involving a fake airline ticket discount and a bogus investment operation, exposed weaknesses in customer due diligence and mo...
•Banks As Nigeria’s landmark bank recapitalisaÂtion programme enters its final 90 days, analysts say the sector is approaching a decisive inflection point — one that may not necessarily be defined by headÂline-grabbing mergers and acquisitions, but by quieter, far-reaching changes in ownership structures across several lenders. While expectati...
•Banks Following the implementation of the Tax Act, banks will start charging senders a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026. The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge of N50 on electronic receipt or transfer of money deposited in any commercial […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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