Banking

FirstBank reopens refurbished basketball arena at Ikeja Army cantonment

According to The Punch, FirstBank has reopened a renovated basketball and games arena at the Nigerian Army 9 Brigade Cantonment in Ikeja.
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Banking

PenCom flags low funding for personal pension plans, urges stronger contributions

According to The Punch, the National Pension Commission (PenCom) expressed concern that personal pension plan (PPP) accounts are poorly funded, citing low contribution levels relative to account openings.
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Banking

PenCom extends pension-operator recapitalisation deadline to June 2027

The Punch reports PenCom has extended the deadline for pension operators to meet revised minimum capital requirements, easing near-term compliance pressure.
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Banking

NDIC and NIBSS Team Up to Speed Up Depositor Payments After Bank Failures

NDIC and NIBSS move to improve verification and payout systems for depositors affected by failed banks.
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Banking

Regent Microfinance Bank Says MSME Lending Has Crossed ₦10bn in Total Disbursements

Regent Microfinance Bank says cumulative MSME lending has exceeded ₦10bn as demand for credit stays high.
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Banking

SEC Sets January Window for Market Operators’ Registration Renewals Ahead of e-Processing Shift

SEC sets January 2026 renewal window for operators as it prepares a Q1 shift to electronic processing.
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Banking

Fidelity Bank Boosts Lagos Fire Response With Equipment Donation

Fidelity Bank has donated firefighting equipment to the Federal Fire Service in Lagos, highlighting corporate support for emergency response capacity.
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Banking

Nigeria’s Capital Importation Drops to $1.13bn in August as Portfolio Inflows Cool

Capital importation reportedly dropped to $1.13bn in August as portfolio inflows cooled despite an uptick in FDI.
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Banking

Debt Service and Salaries Outstrip Federal Revenue in 2025 Budget Data

Budget documents suggest debt service and wages exceeded federal revenue in early 2025, shrinking space for capital spending.
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Banking

World Bank moves to unlock $500m credit boost for Nigeria’s MSMEs

According to The Punch, the World Bank is moving to support Nigerian MSMEs with a $500 million financing package aimed at widening access to credit and strengthening inclusive finance.
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