Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has been ranked among Nigeria’s top 10 most valuable brands, according to the 2025 Brand Finance Nigeria 25 report. The financial services giant recorded a 206% year-on-year increase in brand value—one of the highest growth rates in the sector—moving […]
BANKING
At the recently concluded 2025 Development Bank of Nigeria (DBN) Service Ambassador Awards held in Lagos, leading financial institutions were celebrated for their role in boosting small business growth across the country—with United Bank for Africa (UBA) Plc emerging as the biggest winner of the night. UBA clinched four key […]
In Nigeria’s volatile financial climate, access to quick and flexible funding is critical for the survival and growth of small and medium-sized enterprises (SMEs). First Bank of Nigeria Limited has responded with its redesigned Retail Temporary Overdraft (RTOD) facility, providing vital short-term cash flow support to entrepreneurs across the country. […]
The Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform in Abuja, marking a significant step forward in the country’s efforts to boost financial inclusion for Nigerians living abroad. The new digital platform allows Nigerians […]
A growing number of bank customers in Abuja are switching from SMS to email transaction alerts in response to increasing service charges by Nigerian banks. This move comes amid public outcry over what many consider exploitative banking practices, especially following the announcement by GTCO that its SMS alert charges would […]
First Asset Management Limited, an industry leader in Nigeria’s investment management sector and a key subsidiary of First HoldCo Plc., has crossed an impressive threshold, surpassing ₦1 trillion in Assets Under Management (AUM). This significant achievement reflects the firm’s steadfast dedication to delivering exceptional service and high-quality investment outcomes, while […]
L-R: Head, Private Trust, FBNQuest Trustees, Rotimi Obende; Group Head, Wealth Management and Investment Advisory, FirstBank Nigeria – Private Banking, Dike Nze-Dike,; Head, Marketing and Business Development, FBNQuest Trustees, Abimbola Ajinibi; Acting Managing Director, FBNQuest Trustees, Babajide Fetuga; Private Trust Specialist, FBNQuest Trustees, Mutiat Olatunji and Head, Trust Investment and Strategy, […]
Union Bank of Nigeria Plc is grappling with a massive financial breach after hackers successfully stole ₦9.3 billion from customer accounts through a sophisticated cyberattack that exploited a critical system vulnerability. The incident, which took place on March 23, 2025, involved the unauthorized transfer of funds in small, calculated amounts […]
First Asset Management, a subsidiary of First HoldCo Plc and a key player in Nigeria’s investment sector, has launched the FBN Blended Dollar Fund, a new financial product designed to optimize investor earnings. This fund combines U.S. equities with high-value Nigerian assets, providing a strategic approach to wealth growth amid […]
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦150 million on several commercial banks for failing to keep their Automated Teller Machines (ATMs) stocked with cash. This regulatory move aims to address the persistent cash shortages affecting millions of Nigerians. However, the root causes of the issue extend […]