UBA
Another Nigerian bank joins GTB, UBA, Zenith, Access, others worth over N1 trillion
Wema Bank has entered Nigeria’s exclusive N1 trillion market capitalisation club for the first time, driven by rising share prices, improved earnings.
New tax laws: Access, Zenith, UBA, others begin major deductions from savings account interest
Nigerians face a new 10% withholding tax on savings interest, sparking outrage as rising costs pressurise savers. Tax experts clarify common misconceptions.
Man narrates how Tony Elumelu unexpectedly sent N2 million to his account, "My phone beeped"
An entrepreneur has recounted how billionaire Tony Elumelu unexpectedly sent N2 million to his account. He said he had to say a silent prayer for him.
Stocks market closes bearish after trading on Thursday
The Nigerian stock market fell on Thursday as investors took profits, with Infinity Energy, United Homes REIT, John Holt, NCR gaining, Omatek and others declining.
CBN raises alarm over new banking fraud trends as digital payments surge in Nigeria
The Central Bank of Nigeria warns of emerging fraud risks in digital banking as losses decline amid stronger controls, swift responses and improved security.
After CBN’s order to Access, Zenith, UBA, other Banks, ATM withdrawals jump to 198 per cent
Nigerians’ ATM withdrawals soared to ₦36.34 trillion in H1 2025, amid public backlash over revised fees affecting low-income households and highlighting disparities.
Full list: VAT, Stamp Duty and other bank fees Nigerians will now pay in 2026
Starting January 2026, Nigeria will impose a 7.5% VAT on mobile transfers and a ₦50 stamp duty on transactions over ₦10,000, increasing digital banking costs.
Nigerians to pay 7.5% VAT on mobile bank transfers, USSD transactions
Nigerians will face a new 7.5% VAT on digital banking services from January 2026, sparking concerns over financial strain amid criticism from consumer groups.
Recapitalisation race: Meet 21 banks with biggest capital after meeting CBN target
Nigeria's banking sector secures ₦5.142 trillion in the CBN recapitalisation drive, with 21 banks exceeding capital requirements ahead of deadline.
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