30 results
- 22 May 2025
CBN Introduces AML to Fight Financial Terrorism, Gives Banks Deadline
Central Bank of Nigeria (CBN) has directed all financial institutions to implement real-time transaction alert systems as part of enhanced anti-money laundering (AML) compliance. The directive was…
- 23 Jul 2020
SmartSearch Says Bureaucratic Backlogs Boost eVerification Adoption
SmartSearch, anti-money-laundering (AML) firm has claimed that backlogs in issuing official ID documents such as passports and driving licences are driving a surge of interest in remote,…
- 11 Mar 2026
Fintechs Gear up to Combat Fraud as CBN Issues Directive on Fraud Detection Solution
The Central Bank of Nigeria (CBN) has directed banks and fintechs to implement automated systems to detect suspicious transactions to strengthen anti-money laundering (AML) and financial crime…
- 15 Jan 2018
Nigeria in 2018: Emerging Tech, Cybersecurity Growths; Increased Investments in Startups & ICT– Mike Oljide
Internet of Things (IoT), Artificial Intelligence (AI) and Advanced Machine Learning (AML), Cloud Computing (CC), Cybersecurity, Block-chain & Bitcoin and Enterprise Mobility are technologies…
- 29 Nov 2024
CBN Fines 29 Banks N15Bn for Violation of Money Laundering, Terrorism Financing Regulations
Central Bank of Nigeria (CBN) has said penalties totaling N15 billion were imposed on 29 banks for violations of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.…
- 5 Nov 2014
IBA Releases Money Laundering Prevention Guide
A new guide aiming to provide lawyers across the world with practical guidance in detecting and preventing money laundering has been produced by the International Bar Association (IBA) in conjunction…
- 10 Aug 2022
Azentio Software Recognized in Anti-Money Laundering Solutions
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has announced that it has been named as a Contender in The Forrester Wave™: Anti-Money…
- 4 Oct 2024
New Cloud Service to Minimise Banks’ Exposure To Risks
Oracle has announced Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service. With the new solution banks, fintechs, and other financial services companies can gain a holistic,…
- 21 May 2025
CBN, SEC Fine Access Holdings N1.21Bn for Infractions
Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have jointly imposed a total fine of ₦1.21bn on Access Holdings Plc for a series of regulatory breaches committed during…
- 2 Mar 2025
CBN Restates Commitment To Strengthening Regulatory Oversight
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a transparent and resilient financial system by reinforcing regulatory compliance and risk management across the…
- 8 Nov 2020
Access Bank Reiterates Commitment to Technological Innovation
Access Bank has shown its commitment to advancing the frontiers of industry agnostic technological innovation across Africa with Nigeria in focus. This position is entrenched by Access Bank’s…
- 15 Jul 2021
VerifyMe Unveils NUBAN Verification Solution to Prevent Online Fraud
VerifyMe Nigeria, a digital identity verification and Know-Your-Customer (KYC) company, has launched a Nigeria Uniform Bank Account Number (NUBAN) verification solution and a Facial Liveness tool.…
- 25 Jul 2021
Dr. Obi Bags Life Time Achievement Award for Pioneering Digital Payment
Dr. Valentine Obi, founder and group chief executive officer of eTranzact Global was at the weekend in Lagos honoured with the Lifetime Achievement Award for pioneering end-to-end card and digital…
- 21 Apr 2026
Ezekiel Sanni, SVP Moniepoint Extols the MFB’s Track Record as Unique Service Model Redefining Nigeria’s Agency Banking
Moniepoint Microfinance Bank (Moniepoint MFB) has reaffirmed its leadership in Nigeria’s agency banking space, positioning its track record and distinctive service model as a game-changer for the…
- 23 Feb 2022
EMTECH, Global InfoSwift Consulting (GIC) Launch ‘FINREG Learn’ for Financial Services Providers
EMTECH, a fintech for central banks and regulators, and Global Infoswift Consulting (GIC) has unveiled FINREG Learn (finreglearn.org), a capacity-building event in three core and interrelated areas:…
- 6 Mar 2022
Report Says over 100m Nigerians Don’t Have Recognised ID
Over 100 million Nigerians lack access to any form of recognised identy Card (ID), and about 500 million Africans do not have any form of recognisable legal identity, according to a report by…
- 13 May 2022
SEC Introduces New Crypto Regulatory Framework
Nigeria’s Securities and Exchange Commission (SEC) yesterday released a new regulatory framework for the country’s crypto sector, signalling a major shift in attitudes from authorities towards the…
- 6 Nov 2022
James Agada to Deliver Keynote Address at AfriTECH 2.0
James Agada, the founder of Ixzdore Laboratories Limited, will on Wednesday, November 09 2022 deliver the keynote address at the Africa Tech Alliance Forum 2022 (AfriTECH2.0). The AfriTECH 2.0 will…
- 13 Oct 2022
MFS Africa, ThetaRay Partner on AI Intuition Tech to Beef up Security
MFS Africa, African digital payments hub has partnered with ThetaRay, a financial and software enterprise and leading provider of AI-powered transaction monitoring technology, to protect its network…
- 27 Oct 2022
FIRS Begins Tax Deduction on Online Betting
Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from online betting and gaming operators, according to Muhammad Nami, chairman, FIRS. Nami, has also…
- 24 Feb 2023
Is the Issuance of Remote Licences Good for the Nigerian Gambling Industry?
Gambling regulators in Nigeria recently announced that they would start issuing remote licences to offshore operators that wish to offer their services to Nigerian players. This would allow such…
- 1 Mar 2024
CBN Revokes Licenses of over 4,000 Bureau De Change Operators
Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. Yemi Cardoso, CBN Gov The CBN’s Acting Director of Corporate Communications, Sidi Ali…
- 26 Nov 2024
Remittance Services in Africa: What Businesses Need to Know
Remittances represent a major source of financial inflow for African countries. The United Nations identifies remittances as a vital lifeline for more than 200 million Africans. It notes that beyond…
- 5 Dec 2024
PalmPay Reaffirms Commitment to Combating Financial Fraud
PalmPay, a leading fintech company in Nigeria, has reiterated its commitment to combating financial fraud through cutting-edge technology. This was emphasized during a high-level courtesy visit by…
- 9 Apr 2025
Nigeria to Exit Grey List Soon – SEC
Nigeria may soon exit the Financial Action Task Force (FATF) grey list, Emomotimi Agama, director-general, Securities and Exchange Commission (SEC), has said. Emomotimi Agama, DG, SEC This is with…
- 28 Apr 2025
CBN Urges Banks to Source FX for PAPSS Settlement Through NFEM
The Central Bank of Nigeria (CBN) has announced a comprehensive review of documentation requirements for transactions processed through the Pan-African Payment and Settlement System (PAPSS), aimed at…
- 13 May 2025
CBN, NIBSS Unveil BVN Platform for Diaspora Nigerians
Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday inaugurated an innovative digital gateway allows Nigerians in the diaspora to obtain a…
- 5 Sept 2025
CBN Launches Compliance Department to Oversee Anti-Money Laundering, Cybersecurity
Central Bank of Nigeria (CBN) has announced the establishment of a new compliance department to strengthen oversight of non-prudential risks in the country’s financial sector. In a circular to…
- 24 Sept 2025
Mastercard and Smile ID Partner to Scale Digital Identity Across Africa
Mastercard has deepened its strategic partnership with Smile ID, a leading African identity verification provider, to accelerate the deployment of secure digital identity solutions across the…
- 4 Mar 2026
Binance Cuts Illicit Activity Exposure by 96%, Leads Global Crypto Compliance Push
Binance, the world's largest cryptocurrency exchange, has reported a 96 per cent drop in direct exposure to illicit activities between January 2023 and June 2025, underscoring its commitment to…