30 results
- 9 Apr 2016
CBN Approves 2 Super Agents to Distribute Banking Services
Mrs Tokunbo Martins, director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved two super agents to distribute banking services at cheaper prices.…
- 20 Sept 2019
CBN Issues AIP To 3 Payment Service Banks
The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs). The three institutions issued approvals in principle to operate as Payment Service…
- 6 May 2021
Trustbank Selects ICS BANKS Islamic from ICSFS
Trustbank, one of the leading banks and the first private bank to be providing Islamic banking services in Uzbekistan, has selected ICS BANKS Islamic Banking software solutions from ICS Financial…
- 5 Sept 2025
FG Says Tax ID Mandatory for Banking, Allied Services from January Next Year
Federal government has made Tax Identification, (Tax ID) compulsory for people getting involved in banking and allied services in the country. Consequently, all taxable Nigerians are to obtain a…
- 9 Oct 2022
Customer Service Week: 9PSB Unveils Its Customer Service Centre
9 Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion has unveiled its Customer Service Centre as part of activities lined up to celebrate this…
- 5 Oct 2020
Heritage Bank Celebrates Customer to Mark 2020 Customer Service Week
In a bid to deepen its partnership and create wealth for their individual customers, Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider joins the rest of the world to celebrate the…
- 1 Jul 2019
Job Losses Loom as Banks Go Hi-tech
The resolve by banks to enhance technology driven services may pose threats to conventional banking such that it will reduce physical expansion and loss of man power while it will increase…
- 20 Oct 2021
AFDB, MTN Ink $500,000 Grant Agreement to Enhance Women’s Access to Financial Services in Nigeria
The African Development Bank’s initiative, the Africa Digital Financial Inclusion Facility (ADFI), and Y’ello Digital Financial Services (YDFS), the fintech subsidiary of MTN Nigeria, have signed an…
- 7 May 2014
CBN Recovers N13Bn Illegal Banks’ Deductions from Customers
Umma Aminu Dutse, director, Consumer Protection Department of Central Bank of Nigeria (CBN) said that the apex bank has recovered over N13 billion excessive illegal deductions made on consumers of…
- 19 Feb 2014
CBN Urges Nigerians to Embrace Cashless Policy
The Central Bank of Nigeria has again urged Nigerians to embrace the new cashless policy of the bank to enhance economic growth. Aaron Yeduma of the Shared Services Department in CBN, Abuja, made the…
- 3 Oct 2017
CBN Halts SMS Charges on Bulk Transfers
Money deposit banks can no longer take Short Message Service (SMS) charges on bulk bank transfers done through the Real Time Gross Settlement (RTGS). The RTGS is an interbank funds transfer system on…
- 18 Apr 2025
CBN Warns Banks, Fintechs on Compliance with Sanctions
Central Bank of Nigeria (CBN) has reminded banks, payment service banks, and fintech companies of their obligations to comply with applicable sanctions regimes. These sanctions include the United…
- 12 Feb 2024
Kuda Microfinance Bank to Host Six-Hour Live Customer Service Session on Valentine's Day
In a bold move designed to take customer engagement to the next level, Kuda Microfinance Bank has announced plans to host a unique six-hour live customer service session on February 14, 2024 on its…
- 23 Jun 2018
CBN Puts Unbanked Population @ 37%
Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent the Central Bank of Nigeria (CBN) has said the country’s unbanked population currently stands at 37 per cent. Mr Dipo…
- 25 Aug 2024
#EndBadGovernance Protest: Court freezes 32 individuals, coys’ bank accounts
A Federal High Court in Abuja has frozen the bank accounts of 32 individuals and companies’ linked to the 10-day #EndBadGovernance Protest organised across the country pending investigation and…
- 26 Apr 2010
CBN Decries Under-Funding, Inefficiency of Cash Handing Services
The Central Bank of Nigeria (CBN) has berated some cash handling services companies for being underfunded, inefficient and uncoordinated in the provision of cash-in-transit and currency sorting…
- 13 Feb 2024
Alleged $6.2m Fraud: FG Enlists INTERPOL to Arrest 3 Suspects Linked to Emefiele
Federal government has requested the Interpol National Central Bureau to place a Central Bank of Nigeria (CBN) staff and two others on its Red Notice. Monday’s request is connected to an alleged…
- 15 Feb 2010
Oceanic Moves to Enhance Service Delivery
Oceanic Bank International Plc has commenced the migration of existing customer accounts to new product platforms that will generate additional value for existing and prospective customers. The…
- 19 Jan 2019
CBN Unveils New Policy to Capture the Unbanked
The Central Bank of Nigeria has unveiled the National Financial Inclusion Strategy designed to ensure that at least 80 per cent of Nigerians have access to banking and other financial services. The…
- 9 Sept 2021
CBN Directs Banks, PSBs to Disaggregate Bulk Payments
The Central Bank of Nigeria (CBN) has instructed banks and Payment Service Providers (PSBs) to separate all transactions that would normally categorised as bulk payment upon transition. The apex bank…
- 11 Sept 2019
CBN Urges Fintechs, Payment Service Providers to Stick to Standards
The Central Bank of Nigeria has urged financial technology companies, payment service providers and Deposit Money Banks engaged in offering payment solutions to customers to ensure they adhere to…
- 31 Aug 2010
Nipost Enhances Image With Value Added Services
The Nigeria Postal service department came into being with the establishment of the Nigeria Telecommunications Limited (Nitel) on January 1, 1985. Nitel emerged from the merger of the…
- 9 Jun 2023
DSS Arrests Emefiele, Suspended CBN Governor
Godwin Emefiele, ousted governor of the Central Bank of Nigeria (CBN), has been arrested by the Department of State Services (DSS). Godwin Emefiele, ousted governor of the Central Bank of Nigeria…
- 19 Oct 2020
Heritage Bank Commences Account Opening for 774,000 Participants of SPW Programme
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service providers is set to commence the account opening with Bank Verification Numbers (BVN) for the earmarked 774,000 participants of the…
- 18 Apr 2016
UBA Rewards Staff at Annual CEO awards
It was an exciting evening as staff of Pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites in Lagos, recently to celebrate the bank’s staff…
- 15 Jun 2026
CBN Orders Banks, Fintechs to Host Payment Data Locally
The Central Bank of Nigeria has directed banks, fintech firms, and other payment service providers to store payment transaction data generated within the country on local servers from January 1,…
- 12 Feb 2016
CBN Says 57m Nigerians now Have Access to Financial Services
The Bankers Committee of the Central Bank of Nigeria (CBN) has said that 57 million Nigerians, which represent 66 per cent of the population, now have access to financial services. Mrs Tokunbo…
- 25 Feb 2016
Confusion as CBN Says eTranzact, Others not Licensed PSSPs
Central Bans of Nigeria (CBN) has claimed that only four e-payment firms in the country are licensed as Payment Solution Service Providers (PSSPs), according to financialtechnologyafrica.com. The…
- 31 Mar 2026
CBN Directs Banks, Fintechs to Complete Cybersecurity Audit Tool
Central Bank of Nigeria (CBN) has directed banks and other financial institutions to complete a newly deployed cybersecurity self-assessment tool (CSAT) as part of efforts to strengthen resilience…
- 23 Nov 2021
eNaira: CBN Rallies PSPs, Fintechs to Deepen Adoption
The Central Bank of Nigeria (CBN) yesterday said it was working with key stakeholders in the payment system ecosystem to boost the adoption of its digital currency known as the eNaira. The…