Banking Nigeria Blog
In-depth analysis, news, and guides on Nigeria's banking and financial services sector.
CBN Raises MPR to 26.25% in Aggressive Inflation Fight
The Central Bank of Nigeria's Monetary Policy Committee voted unanimously to hike rates, signaling a firm commitment to price stability across the economy.
Nigerian Banks Post Record Profits Amid Naira Volatility
Major commercial banks including Zenith, GTBank and Access Bank reported combined pre-tax profits exceeding ₦2 trillion for the fiscal year 2024.
Digital Banking Adoption Surges to 78% in Urban Nigeria
A new EFInA survey reveals that smartphone-based banking has overtaken branch visits as the primary channel for financial transactions in Lagos and Abuja.
CBN Recapitalisation: What Every Nigerian Bank Must Do by 2026
The CBN's sweeping bank recapitalisation directive sets minimum capital floors that will reshape the competitive landscape of Nigeria's entire banking sector.
A Brief History of Banking in Nigeria: From 1892 to Today
From colonial-era trading banks to a 26-bank system processing trillions daily, Nigeria's banking sector has undergone extraordinary transformation over 130 years.
Non-Interest Banking in Nigeria: How Jaiz, TAJ and Others Are Growing
Nigeria's non-interest banking sector, once a niche offering, is experiencing rapid growth as Muslim and ethical investors seek Sharia-compliant financial products.
The POS Revolution: How Agent Banking Is Reaching Rural Nigeria
More than 1.8 million active POS agents now serve as the de facto bank branches for millions of Nigerians in communities where formal banking infrastructure has never existed.
Diaspora Remittances Hit $20 Billion: How Banks Are Competing for the Prize
Nigeria is now the fifth-largest recipient of remittances globally, and commercial banks are racing to capture a bigger share of the $20 billion annual inflow.
Sterling Bank's Transformation: How OneBank Became a Fintech-First Lender
Under CEO Abubakar Suleiman, Sterling Bank has reinvented itself around sector-specific banking verticals and a digital-first culture that has made it an unlikely model for peers.
USSD Banking: Nigeria's Unsung Hero of Financial Inclusion
While apps grab the headlines, USSD codes have quietly enabled 50 million Nigerians without smartphones to access banking services on basic feature phones.
Inside Nigeria's Microfinance Sector: Scale, Scandal and Second Chances
Nigeria has over 900 licensed microfinance banks serving millions of low-income customers, but the sector is plagued by governance failures and capital shortfalls.
Open Banking Arrives in Nigeria: What It Means for You
The CBN's open banking framework is live, allowing third-party apps to access your bank data with your consent — and it could transform how Nigerians manage money.