BANKING

July 26, (THEWILL) — Barely three months after Nigerian banks concluded one of the largest recapitalisation exercises in the country's financial history, investors are confronting the possibility of another capital call. On June 10, 2026, the Central Bank of Nigeria...

June 28 (THEWILL) — A seemingly innocuous document—an exposure draft—recently issued by the Central Bank of Nigeria (CBN) on the new structure and operations of holding companies of banks, is already literally sending shivers down the spines of many...

May 17, (THEWILL) — Nigeria’s banking sector is increasingly shifting labour costs away from direct payroll and into operating expenses, as outsourcing becomes more embedded in the industry’s post-recapitalisation structure. A review of 2024 and 2025 financial statements across Tier-1...

April 12, (THEWILL) — The public launch of ChatGPT by OpenAI in November 2022 further accelerated Africa’s digital transformation landscape, post-COVID. The prominence of artificial intelligence (AI), a technology that has existed since the 1960s, has skyrocketed with the...

April 05, (THEWILL) — Looking back from 2035, the death of the bank branch was not a sudden collapse. It was a slow, structural exit, accelerated by open banking, and completed by a generation of customers who simply stopped...

October 20, (THEWILL) — In today’s digital economy, financial services no longer operate on banking hours. Customers expect instant, 24/7 access to their accounts, transfers, and payments. From Lagos to Abuja and Port Harcourt to Kano, a growing middle...

March 03, (THEWILL)-  The Central Bank of Nigeria, CBN, has revoked the licenses of 4,173 Bureau De Change Operators. According to the apex bank, the affected institutions failed to observe regulatory provisions. These, according to the bank, include payment of all...