Shell and nine Nigerian banks have launched a $3 billion contract finance facility aimed at boosting indigenous oil contractors and enhancing local content in the industry.

Nigeria's leading banks boosted their technology budgets by 43% in the first quarter of 2026, investing N119 billion in digital infrastructure to enhance services and meet growing digital transformation demands.

Nigerian banks generated N224.69 billion from e-banking and ATM charges in Q1 2026, marking a 12.56% increase and boosting their revenue.

Following the Central Bank of Nigeria's decision to lower interest rates in February, N105 billion in cash has reportedly returned to the country's banking system.

Bad loans associated with Nestoil have reportedly led to the suspension of dividend payments for major Nigerian banks, including UBA, First Bank, and Access Bank. This situation is threatening the stability of the country's banking sector.

A recent recapitalization exercise led by the Central Bank of Nigeria has seen 33 deposit money banks raise N44.65 trillion, significantly strengthening their financial positions and affirming the importance of robust banking institutions.

The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for the successful implementation of its bank recapitalisation programme, with 32 banks reportedly meeting the new minimum capital requirements.

Nigerian banks are in a final push to meet the Central Bank of Nigeria's recapitalisation deadline, with updates expected on their progress this week.

“Average NIMs declined slightly in most regions, but increased for African banks to 6.2 per cent (2024: 5.7 per cent), mostly due to banks in Nigeria,” Fitch noted. The post Nigerian banks drive Africa’s increased interest income gains among emerging markets – Report appeared first on Premium Times Nigeria.

Fitch reports that new paid-in capital requirements have enabled many Nigerian banks to exit forbearance, allowing them to absorb additional provisions and capital deductions resulting from higher impaired loans.

Despite the Central Bank of Nigeria's cashless policy, N5.19 trillion remains outside Nigerian banks as of May 2026, raising questions about the policy's effectiveness.

Nigerian banks are increasing international spending limits on naira cards, attributing the change to improved foreign exchange liquidity resulting from recent economic reforms, which facilitates global payments.

Nigerian banks and businesses are facing challenges in credit expansion due to high borrowing costs, with the Central Bank of Nigeria's policies impacting lending and overall economic growth.

Nigeria's Central Bank (CBN) has mandated that all Nigerian banks submit monthly reports on failed transactions occurring via ATM, PoS, and mobile platforms to enhance oversight and accountability.

DataPro Limited, a SEC-registered credit rating agency, has stated that post-capitalization ratings for Nigerian deposit money banks will depend on the resilience and quality of their capital, rather than merely its size. This assessment was highlighted in their April 2026 Rating Brief.

Nigerian banks have raised N4.61 trillion ahead of the March 31 deadline, while the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, continues to emphasize the need for African financial regulators to enhance cooperation in managing cross-border risks and ensuring stability.

Nigerian banks are set to implement a temporary watchlist for Bank Verification Numbers (BVNs) suspected of involvement in fraudulent activities, allowing for a 24-hour period to contact owners for clarification.

Thirteen Nigerian banks are facing a March 31 deadline for recapitalisation, with mergers being a likely outcome. Amidst this, Union Bank has reassured customers of its stability following remarks from the CBN Governor.

The Central Bank of Nigeria (CBN) has introduced new HoldCo rules for banks and data regulations, which are expected to influence bank investors and drive the expansion of digital infrastructure in the country.

The Central Bank of Nigeria (CBN) reported that Nigerian banks and their customers collectively lost N134 billion to banking fraud between 2020 and 2025, attributing the surge to the expansion of digital payments.

Nigerian banks are subject to a N100 million penalty for foreign exchange violations under new compliance rules introduced by the Central Bank of Nigeria.

Following a directive from the Central Bank of Nigeria (CBN), four major Nigerian banks have published details of over 321,000 dormant bank accounts, sparking privacy and economic concerns.

Sterling Bank, Mutual Benefits, and NPF Microfinance Bank have been identified as top stock picks for the week in Nigeria, according to a stock investment guide.

Nigerian banks are facing a looming deadline for N4.6 trillion recapitalization, which has ignited a sectoral battle for funds, with calls to prioritize economic impact over capital adequacy.

Nigerian banks have successfully attracted N4.61 trillion in new capital as part of the Central Bank of Nigeria's recapitalization program, aimed at strengthening the country's financial sector.

Nigerian banks extended N36.39tn in bank credit to the trade sector in the first nine months of 2025, a slight increase amid recent interest rate cuts. Read More: https://punchng.com/banks-disburse-n36-4tn-to-trade-sector-amid-rate-cuts/

The CBN governor noted that the development is a result of increased confidence of investors in the Nigerian banking sector The post Nigerian banks raise N4.05 trillion ahead of capitalisation deadline appeared first on Premium Times Nigeria.