… in partnership with Banks and Mobile Money Operators. Onafriq Nigeria Payments Ltd, a CBN licenced…
Tag: CBN
NCC, CBN to Roll Out Refund Framework as Failed Airtime and Data Top-ups Rank Among Top 3 Consumer Complaints
In line with the consumer-focused objectives of the Nigerian Communications Commission (NCC) and the Central Bank…
Banks’ Bad Loans Spike after CBN Withdraws Forbearance
Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of…
14 Nigerian Banks Meet CBN Recapitalisation Requirements
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says 14 Nigerian banks have…
CBN Mandates Banks to Seek Approval for CEO Appointments Six Months in Advance
The Central Bank of Nigeria has issued a fresh directive compelling all Domestic Systemically Important Banks…
Credit to Private Sector Increases by 4.7% in 12 Months
Credit extended to Nigeria’s private sector recorded a notable increase of 4.7 per cent over the…
CBN Mandates Banks to Adopt PAPSS to Boost Intra-African Trade
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt…
Is the CBN Pushing Nigerians Back into the Banking Halls?
By Elvis Eromosele Public institutions in Nigeria have a knack for policy inconsistency. They can aggressively…
IMTO Remittances: Nigeria Sees 63.7% Surge in Money Transfers
Nigeria has seen a significant surge in remittances during the first nine months of 2024, with…
Is There a Hidden Liquidity Crisis in the Nigerian Banking System?
By Elvis Eromosele The Nigerian banking system, once celebrated as the backbone of the nation’s…
Digital Rights Group Sues FIRS, NIMC, CBN, Others On Massive Data Breach
A digital rights advocacy organization, Paradigm Initiative, has launched a legal battle against the Nigerian government…
Nigeria Records 67.8% Increase as Forex Inflow Soars to $27.6 Billion in H1 2024
Nigeria’s economy has recorded a significant boost in foreign exchange, FX inflows, with a 67.8% increase…
Consumer Credit Outstanding in Nigeria Spur by 268.9% to N8.24 Trillion in Three Months
The first quarter 2024 Economic Report published by the Central Bank of Nigeria (CBN) has revealed…
Remittance Inflow Hits $553 Million in July – CBN
The Central Bank of Nigeria(CBN) has reported a significant increase in remittance inflows, reaching $553 million…
Transparency: CBN Reintroduces Publication of Key Economic Reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports to…
CBN Approves Unity, Providus Bank Merger Deal
The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation…
CBN to Create New Office to Manage Dormant Account Funds
The Central Bank of Nigeria (CBN) has disclosed that it will create a dedicated office to manage dormant accounts and…
CBN Frown Against Old, Lower Dollar Bill Rejection in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks…
NESG Supports CBN’s Decision to Discontinue Price Verification on FX
The Nigerian Economic Summit Group (NESG) has backed the recent decision of the Central Bank of…
CBN Debunks Licence Revocation Rumours
The Central Bank of Nigeria (CBN) has again reassured members of the banking public of the…
CBN Suspends Charges on Bank Deposits Till September
The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September…
Online Fraud: 5 Financial Safety Tips to Master Before Holiday Season
As the holiday draws near, fraudsters are on the prowl for whom to defraud using dubious…
CBN Debunks Claim to Redenominate the Naira in 2024
Central Bank of Nigeria has denied claims that it plans to redenominate the country’s currency Naira,…
External Reserves Dip by $915 Million
Nigeria’s external reserves dropped by $915m after the Central Bank of Nigeria officially floated the naira…
CBN Issues New Guidelines to Bureau de Change Operators on Forex Sale
The Central Bank of Nigeria (CBN) has unveiled a series of new operational guidelines for forex…
Access Bank Launches Custody Services as Part of Expansion Strategy
Access Bank, one of Africa’s leading financial institutions, has announced the launch of its custody services,…
CBN to Name Banks Engaged in Illegal Sale of Forex
Central Bank of Nigeria (CBN) has said it will name commercial banks engaged in illegal sales…
Banks Raise Interest Rates On Savings Deposits Money Market
Banks have begun to increase interest rates on deposits in line with the sustained hike in…
Failed Bank Transactions: CBN Refunds N115.45 Billion, $22.79 Million to Customers in 10 Years
Demonstrating its commitment towards supporting businesses and promoting diversification in Nigeria’s financial sector, the Central Bank…
Banks Increase ATM Cash Withdrawal Limit to N200,000 Daily
Months after banks restricted withdrawals on automated teller machines (ATMs), commercial banks in the country are…
CBN Approves eNaira as Payment Option for Diaspora Remittance
The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency, eNaira known…
CBN Lifts Saving, Withdrawal Limit on Domiciliary Accounts
The Central Bank of Nigeria has announced the removal of cash deposit and withdrawal limits on domiciliary…
CBN Stops Naira4Dollar, RT200 Rebate schemes
The Central Bank of Nigeria has announced that the RT200 rebate scheme and the Naira4Dollar remittance…
CBN Debunks Reports on BVN Expiry Date
The Central Bank of Nigeria has debunked the reports stating Bank Verification Number, BVN issued in…
Only 57.4 Million Nigerians Have BVN – CBN
Central Bank of Nigeria (CBN) has said that only 57.4 million out of over 200 million…
FEC Tasks NCC, NITDA, CBN, SEC as FG Approves National Blockchain Policy
Following the approval of National Blockchain Policy for Nigeria, the Federal Executive Council (FEC) has tasked…
Cybersecurity & Nigeria Financial Inclusion Drive
“You people in Lagos are enjoying, at least you have lots of stores using Point of…