30 results
- 2 Jul 2024
Non-Bank Transactions Dangerous for Financial Stability in West Africa – Cardoso
Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has warned that the rising transaction volumes by non-banks threatens financial stability in West Africa. Olayemi Cardoso, governor, Central…
- 15 Dec 2023
IMF Seeks Stronger Cryptocurrency Regulation for Macro-financial Stability
The International Monetary Fund (IMF) has warned that the widespread adoption of cryptocurrencies could undermine and pose serious consequences for the macro-financial stability of countries. The…
- 12 Apr 2024
IMF says Rising Cyber Threats Pose Serious Concerns for Financial Stability
The International Monetary Fund (IMF) has declared that cyberattacks have more than doubled since the pandemic. In a blog released during the week, it pointed out that while companies have…
- 18 Mar 2024
DLM Asset Management Set to Host Webinar to Discuss Financial Stability in Times of Economic Distress
DLM Asset Management Limited, a subsidiary of DLM Capital Group, is hosting a webinar with the theme, "Maintaining financial stability in times of economic distress." The much-awaited webinar, slated…
- 20 Aug 2020
CIBN Urges Stability of Financial System
The Chartered Institute of Bankers of Nigeria, CIBN, has stressed the need to create stability within the financial system which it said will go a long way in promoting economic prosperity of the…
- 16 Dec 2016
NDIC Pledges Commitment to Stability in Financial Sector
The Nigeria Deposit Insurance Corporation (NDIC) on Friday restated its commitment to ensuring financial system stability in the country. Mr Adedapo Adeleke, it’s Director of Banking Examination…
- 4 Aug 2014
Basel 11 is Necessary for Financial Stability - Mbama
Ethel Mbama, MD/founder of Circuit Systems and Network Communications (CSNC) a fast growing entrepreneurial ICT solutions company founded in 2011, started his career as a Network Engineer with Signal…
- 11 Jun 2026
How a Regular Savings Culture Can Support Long-Term Financial Stability
By Osasikemwen Ighile, Brand Manager, FairMoney Microfinance Bank In today’s volatile economic climate, saving money is no longer just a prudent habit—it is a strategic necessity. The constantly…
- 3 Jun 2024
CBN Cites Financial Stability Concerns, Revokes Heritage Bank’s Licence
Central Bank of Nigeria (CBN), has, announced the revocation of the operating licence of Heritage Bank Plc with immediate effect. In a statement issued by Mrs. Hakama Sidi Ali, acting director,…
- 6 Aug 2012
“Efficient Payment System’ll Enhance Effectiveness of Monetary Policy, Financial Stability”
Tunde Lemo, the deputy governor, Operations of Central Bank of Nigeria (CBN) has said that an efficient payment system will enhance the effectiveness of monetary policy and the overall financial…
- 12 Apr 2024
Financial Firms Lost $2.5Bn To Cyberattacks in 4 Years – IMF
Financial firms have reported significant direct losses, totaling almost $12 billion since 2004 and $2.5 billion since 2020, the International Monetary Fund (IMF) has disclosed. In its April 2024…
- 17 Dec 2023
US Identifies Use of AI as Risk in Financial System
Financial Stability Oversight Council (FSOC), United States regulators have identified the use of artificial intelligence as vulnerability in the financial system for the first time, according to a…
- 6 Apr 2009
IMF Earmarks over $31 million to Fight money laundering
Money Launderers and Terrorism financiers in African countries are in for a big confrontation as the International Monetary Fund (IMF) has packaged for launching a donor-supported trust fund worth…
- 9 Dec 2025
CBN Rejigs Financial Inclusion Strategy to Boost Economic Growth
Philip Ikeazor, the Central Bank of Nigeria’s Deputy Governor for Financial System Stability, said financial inclusion must remain a core priority in the nation’s economic transformation agenda,…
- 6 Aug 2026
We have Multiple Layers of Protection for 281m Accounts in Nigeria - NDIC
Nigeria Deposit Insurance Corporation (NDIC) has reassured on the multiple layers of protection for the Nigerian banking industry with more than 98 per cent of depositors and 281 million accounts…
- 22 Jul 2026
FG Says Rumours, Fear, Can Crash Banks
Mr Taiwo Oyedele, minister of Finance and Coordinating Minister of the Economy, has warned that fear, rumours and misinformation could trigger instability in the banking sector if not properly…
- 15 May 2023
CBN unveils “SabiMONI” platform to promote financial literacy, inclusion
Central Bank of Nigeria (CBN), on Monday unveiled an e-learning platform, SabiMONI, to promote financial literacy and to deepen financial inclusion, according to a report by News Agency of Nigeria.…
- 13 Oct 2021
Bank Account without BVN to Attract 2m Fine- CBN
Central Bank of Nigeria (CBN), in a bid to promote financial system stability, has declared that financial institutions and customers that violate the framework of the Bank Verification Number (BVN)…
- 12 May 2026
CBN Warns Non-Interest Banks against Governance, Compliance Risks
Central Bank of Nigeria (CBN) has warned non-interest financial institutions against governance and compliance risks capable of undermining public confidence and financial stability in the country’s…
- 1 Aug 2013
CBN Recovers N9Bn Excess Charges from Banks
Central Bank of Nigeria (CBN), said, yesterday that its Consumer Protection Unit had assisted consumers to recover over N9 billion excess charges by commercial banks within the last one year. The…
- 7 Oct 2015
AfDB, IMF Host Training on Financial Soundness for Officials from Nigeria, Others
Under the Joint Partnership for Africa (JPA) Program, the African Development Bank, through its African Development Institute (EADI) and in collaboration with the International Monetary Fund (IMF),…
- 26 Oct 2019
NCC, Others Join Forces on Loan Seekers’ Data
Central Bank of Nigeria (CBN) has said that it is collaborating with the Nigeria Communication Commission (NCC) and other data gathering agencies to get additional data of customers who take loans…
- 17 May 2010
Monetary Policy Committee Holds Meeting
The Monetary Policy Committee (MPC) met on 10th and 11th May, 2010 to review domestic economic conditions during the first four months of 2010 and the challenges facing the Nigerian economy against…
- 29 Mar 2017
Emefiele Says CBN Concerned about the Unbanked
Mr. Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), said that financial education remains of great importance to the bank, until financial services becomes affordable to the un-banked in…
- 18 Nov 2019
NECA Worries over CBN’s Directive to Banks on Lending
Nigeria Employers’ Consultative Association (NECA), has raised concerns over the Central Bank of Nigeria’s (CBN) directive to banks on lending, saying it could pose a risk to financial stability.…
- 11 Nov 2014
New Rules to Ban Bailout for 'Too Big to Fail' Banks
New global rules to prevent banks that are "too big to fail" from being bailed out by taxpayers have been proposed, according to BBC. The rules, created by the Financial Stability Board (FSB), a…
- 29 Mar 2026
CBN bars large‑ticket loan defaulters from banking services in tough new crackdown
Central Bank of Nigeria (CBN) has restricted banking services for large‑ticket loan defaulters as part of a broader push to enforce credit discipline and protect the stability of the financial…
- 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…
- 26 Sept 2014
NDIC Reduces Insurance Premium for Banks
The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it had approved the reduction of insurance premium paid by Deposit Money Banks from 0.5 per cent to 0.35 per cent. The new…
- 20 Feb 2025
Depositors Funds Safe in Nigerian Banks- NDIC
Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said that with strict regulations put in place by the agency, depositors need not worry about the safety of their…