30 results
- 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…
- 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 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…
- 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…
- 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…
- 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…
- 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…
- 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,…
- 19 Oct 2025
Richer Banks, Poorer Economy: The Hidden Crisis in Nigeria’s Financial System
By Blaise Udunze Across Africa, banks are getting bigger but not necessarily better. From South Africa’s Standard Bank to Morocco’s Attijariwafa and Egypt’s National Bank, financial institutions are…
- 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…
- 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,…
- 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.…
- 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…
- 31 Jul 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…
- 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)…
- 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…
- 18 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…
- 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…
- 20 Jun 2014
CBN Reassures on Financial Sector Strategy 2020
The Central Bank of Nigeria (CBN) has assured that the Financial System Strategy which would help ensure that Nigeria had the most diversified financial system among emerging economies by 2020 will…
- 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…
- 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…
- 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…
- 3 Sept 2020
NDIC Seeks Strict Implementation of Fiscal, Monetary Policies
Umaru Ibrahim, managing director of the Nigeria Deposit Insurance Corporation (NDIC), has said that effective implementation of fiscal and monetary policy measures are critical towards addressing the…
- 14 May 2019
Fintech Players, Regulators Reaffirm Commitment to Agency Banking
The Central Bank of Nigeria’s (CBN) Deputy Governor in charge of Financial Systems Stability, Mrs. Aishah Ahmad, has reiterated the apex bank’s commitment to the successful implementation of agent…
- 15 Dec 2022
Senate Confirms Aishah Ahmad, Edward Adamu for Second Term as CBN Deputy Governors
The senate has on Thursday, confirmed Mrs Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Adamu, Deputy Governor, Corporate Services, Central Bank of…
- 29 Oct 2019
CBN Says 28m Bank Customers Have no Credit History
Central Bank of Nigeria (CBN) has said that 28 million bank customers have never received loans from their banks. Aisha Ahmad, deputy governor, Financial System Stability Directorate, CBN,…
- 6 Oct 2013
CBN Boss Says Economy Performance is Below Endowment
Dr. Kingsley Chinedu Moghalu, deputy governor, Financial System Stability, Central Bank of Nigeria(CBN), has expressed regrets that Nigeria’s economic performance does not reflect its endowments.…
- 10 Oct 2016
50 Nigerian “Big Men” Owe Banks N5.2Trn
Central Bank of Nigeria’s (CBN) Financial System Stability (FSS) report has revealed that 50 customers owe commercial banks the sum of N5.23 trillion, representing 33.4 per cent of the total private…
- 29 Oct 2024
Senate Passes NDIC Bill To Stabilise Financial Institutions
The Senate on Tuesday passed for third and final reading, a bill meant to strengthen the capacity of the Nigeria Deposit Insurance Corporation (NDIC)’s capacity to safeguard bank depositors’ funds,…