Banking

Alhamrani Universal is deploying INETCO BullzAI via Stanchion Payments to deliver real-time, AI-driven fraud prevention across self-service and digital payment channels in the Middle East.

The naira weakened further in the parallel market to around ₦1,490/$ as the official NFEM rate also softened slightly, widening the spread between both markets.

Reporting by Punch indicates the Central Bank of Nigeria (CBN) is warning that the ongoing bank recapitalisation drive could tilt capital-market funding even more heavily toward banks, leaving other issuers struggling to attract investor attention.

The Nigerian Exchange Limited (NGX) achieves a historic ₦100 trillion market capitalization driven by blue-chip stock gains.

Amaka Onwughalu succeeds Mustafa Chike-Obi as Chairperson of Fidelity Bank, bringing 30 years of banking experience to the role.

In an update published by Punch, Fidelity Bank announced the appointment of Amaka Onwughalu as board chair, a move aimed at strengthening corporate governance as the sector tightens oversight. The appointment comes amid …

Analysts project AI will drive real-time risk pricing and fraud detection in Nigeria's 2026 banking sector.

FirstBank hits N500bn capital target; Femi Otedola credits Tinubu and Cardoso's reforms.

Several listed insurers forecast a combined profit after tax of N10.59bn for Q1 2026, based on filings to the Nigerian Exchange.

FirstBank says it has completed a ₦500bn capital raise, meeting the CBN’s recapitalisation threshold as other banks prepare their own fundraising.