Providus Bank gets approval to absorb ailing Unity Bank

For Unity Bank, it marks the end of the road after a period of significant financial distress that included a notable reduction in its workforce.

Ogbonna steps down from Access Holdings board after three years

One of his most significant recent achievements includes spearheading the acquisition of the National Bank of Kenya (NBK) from the KCB Group

Nigeria mandates POS geotagging, placing a 60-day test on fintechs

While the move may disrupt informal operators, it’s expected to strengthen trust in digital payments and improve traceability across Nigeria’s financial system.

Nigeria’s inflation slows to 21.8% four times in a row, but food prices still bite

Despite the statistical cooldown, pressure remains on the ground.

Sterling Bank seeks shareholders nod for $400 million raise

Sterling Bank Plc, will raise as much as $400 million to meet a looming regulatory deadline for a significant capital increase.

Scoop: CBN releases list of 108 IMTOs with commercial approval

Full list and country breakdown of all the 108 IMTOs licensed by the CBN to facilitate inward remittance to Nigeria.

₦203 billion bad loans: Unity Bank’s crisis deepened amid Providus merger, job cuts

Unity Bank's financial woes stem from a loan portfolio heavily concentrated in the agriculture sector, accounting for 91% of its lending