Nigeria’s retail lender, Unity Bank Plc, has launched an upgraded version of its mobile banking platform, Unifi, as part of ongoing efforts to improve customer experience on the Bank’s digital Banking platform and reinforce its proposition in ebusiness. The latest update, Unifi version 2.3, introduces a suite of improved features designed to enhance usability, security,…
The House of Representatives Committee on Public Accounts has given the Central Bank of Nigeria (CBN) till January 19, 2026 to conclude all ongoing reconciliation with the Ministry of Finance and the Fiscal Responsibility Commission (FRC) over alleged unremitted revenues into the Federal government Account. Chairman of the Committee, Bamidele Salam, gave the directives yesterday…
The Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. In a statement, CBN Acting Director, Corporate Communications Department, Mrs Hakama Sidi Ali said the action is part of its efforts to re-position the mortgage sub-sector and promote a culture of…
Nigeria could enter 2026 on its strongest economic footing in more than a decade, according to leading economist, Bismarck Rewane. He said a combination of easing inflation, rising investment, major corporate listings and stabilising monetary conditions will propel the country into a new and more durable cycle of growth. Presenting his projections at the Parthian…
First City Monument Bank (FCMB) has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). This recognition comes as FCMB holds a leading 24per cent share of the banking industry’s ₦1.8 trillion total SME disbursement for 2024. The award was presented at the 60th Annual Bankers…
First City Monument Bank (FCMB) has expanded the pool of interest-free loans available to women-owned and women-led Small and Medium-Scale Enterprises (WSMEs) under its flagship SheVentures initiative from N200 million to N1 billion. The facility, the bank said, will allow women entrepreneurs across various sectors to access loans of up to N10 million, alongside business…
Nigeria’s President Bola Tinubu has directed financial and capital market regulators to monitor the growing use of stablecoins and digital currencies in the country, warning that the shift away from traditional banking channels poses challenges that must be managed proactively. Speaking at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers…
The Central Bank of Nigeria (CBN) has rolled-out Bank Customers’ Bill of Rights and Obligations to members of the banking public. The report, released at the “CBN Fair” held in Lagos, under the theme: “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development”, insisted that a bank customer has a…
The National Insurance Commission (NAICOM) has rolled out operational guidelines for Insurtech businesses in Nigeria. This is a step toward regulating and expanding digital innovation in the insurance sector. The move which came after a series of stakeholder engagements NAICOM said is aimed at creating a unified regulatory environment for emerging insurance technology players. According…
