30 results
- 22 Aug 2025
T2mobile Unwraps Nigeria’s First eKYC SIM-Registration Web App
T2mobile, formerly known as 9mobile, has launched the country’s first electronic Know-Your-Customer (eKYC) SIM-registration web application. This digital innovation promises to transform how…
- 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.…
- 5 May 2022
Benin Republic Accounts are Risky, CBN Tells Banks
Central Bank of Nigeria (CBN) has warned banks and other financial institutions in the country to be vigilant as regards transactions involving Benin Republic. Godwin Emefiele, CBN governor CBN…
- 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…
- 31 Oct 2024
FG Offers Nine-month Amnesty for Illegal Dollar Holdings
Federal Government on Thursday announced a nine-month programme beginning on October 31 that allows individuals to deposit dollar bills held outside the formal banking system without scrutiny. Wale…
- 26 Oct 2020
CBN Tasks Banks on Zero Balance for New Account Opening
Central Bank of Nigeria (CBN) has urged the Deposit Money Banks (DMBs) to allow zero balance for the opening of new accounts, as part of the efforts to promote greater financial inclusion across the…
- 2 Apr 2019
NCC, N/Assembly to Criminalise Sale of Pre-Registered Sim Cards
Nigerian Communications Commission (NCC), is working with the National Assembly to criminalise mobile phones sim card infractions, according to Mr Efosa Idehen, director, Compliance, Monitoring and…
- 17 Jul 2026
CBN to Monitor Every Dollar with FXBT, Forex Tracker
Central Bank of Nigeria (CBN) has launched a new digital platform to track every foreign exchange transaction involving Bureaux De Change (BDC) operators, marking a major step in its efforts to…
- 16 May 2024
Court Backs CBN, Directs Banks to Collect Customer’s Social Media Handles
Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the social media handles of their customers,…
- 25 Mar 2022
Airtel Africa Seeks US$194m from IFC to Invest in Network Expansion
Airtel Africa has proposed to raise US$194-million through debt from the World Bank’s International Finance Corporation (IFC) to initiate network investment across seven subsidiaries and refinance…
- 10 Dec 2013
CBN to Create Hot Spots to for Financial Inclusion
Malam Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria (CBN) has said that the apex bank will partner some satellite system companies to boost international telecommunication services in…
- 5 Nov 2017
IBM Identifies How Nigeria Will Benefit from Data Innovation
By peter oluka As technocrats and private sector leaders celebrate Nigeria’s 145th position on the World Bank’s Ease of Doing Business Report for 2018, the Nigerian government’s ongoing efforts to…
- 11 Jun 2015
N400Bn Bad Debt: Banks to Publish Names of Debtors by August 1
About N400 billion bad debt outstanding in the banking sector is causing panic in the industry and most of the debtors are individuals who have the capacity to pay but have refused to do so.…
- 17 May 2024
Court Backs Banks to Collect Customers’ Social Media Handles
A federal high court in Lagos has struck out a case against the Central Bank of Nigeria (CBN) over its directive requiring banks to collect and verify social media handles as part of their…
- 7 Jul 2025
NIPOST to Crack Down on Criminal Courier Operators
Nigerian Postal Service (NIPOST) has vowed to clamp down on courier companies found to be aiding the trafficking of drugs and other illicit items through the country’s logistics network. In a…
- 26 Jan 2026
CBN Upgrades Licences of Opay, Moniepoint, Kuda, Palmpay, Paga to National Status
Central Bank of Nigeria (CBN) has approved the upgrade of operating licences for major FinTech companies and Microfinance Banks (MFBs), including Opay, Moniepoint MFB, Kuda Bank, Palmpay and Paga, to…
- 3 Jun 2018
ACI, iSight Roll out Next-gen Case Management for Bank Fraud
ACI Worldwide, a provider of real-time electronic payment and banking solutions, and i-Sight, a provider of web-based investigative case management software, have partnered to deliver next-generation…
- 25 Jan 2024
Opay Vows to Block Accounts without Proper KYC Verification
OPay, leading the charge in mobile-based payments, has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number…
- 7 Mar 2024
World Bank Highlights Benefits of AI to Nigeria, Others
The World Bank has said that Artificial Intelligence (AI) can help low- and middle- income countries such as Nigeria, to tackle a range of developmental challenges, including boosting financial…
- 23 Oct 2024
NIBSS Plans BVN Platform Launch for Nigerians in Diaspora- CBN
Central Bank of Nigeria (CBN) has said that a bank verification number (BVN) platform will be launched by December for Nigerians in the diaspora. Olayemi Cardoso, governor, CBN, stated this during a…
- 1 Jun 2014
What GTBank Tends To Achieve with MarketHub for Nigerian SMEs
Guaranty Trust Bank (GTBank) Plc, Africa's Bank of the Year, as part of measures to empower Nigerian Small and Medium Enterprises (SMEs), launched first e-commerce portal for different…
- 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…
- 24 Nov 2025
Reps Decry Rising Fraudulent Activities Linked to POS
The House of Representatives has raised concern over a surge in fraud linked to Point-of-Sale (POS) operators nationwide. POS terminals are now a popular cash source for businesses and individuals…
- 8 Jul 2013
CBN Mulls Mapping Technology for Financial Inclusion
Malam Sanusi Lamido Sanusi, governor, Central Bank of Nigeria (CBN), has said that the apex bank wants to use geospatial mapping to identify access points to capture unbanked persons to achieve rapid…
- 25 Mar 2026
Mobile Money Transactions Accounted for $2 trillion in 2025
More than $2 trillion flowed through mobile money wallets globally in 2025, found the State of the Industry Report on Mobile Money 2026, prepared by the GSMA Mobile Money programme. This is an…
- 1 May 2026
Experts to Tackle AI Disruption in Telecoms, Fintech @WATISE 4.0 in Lagos
West Africa's leading regional telecommunications, technology and business forum, the West Africa Telecommunications Infrastructure Summit and Exhibition (WATISE), will be looking at the impact of…
- 23 Jul 2017
ICTEL Expo ‘17: Aladekomo, Chams Founder to Deliver Keynote
Demola Aladekomo, founder, Chams Group Plc and Chairman, SmartCity Resorts Plc, will lead an array of panellists as the keynote speaker at the Information Communication, Technology and…
- 27 Apr 2012
What went Wrong with Stanbic IBTC Esusu Services?
On April 22, it was reported by one of Nigerian dailies, The Punch newspaper that some customers of STANBIC IBTC were allegedly defrauded as active customers of the Bank enrolled for the…
- 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…
- 7 Apr 2017
Financial Institutions Risk Revenue Loss from Fintech
Large financial institutions across the world could lose 24% of their revenue to financial technology companies over the next three to five years, according to a new study by PricewaterhouseCoopers…