30 results
- 6 Jun 2021
SERAP Urges Commonwealth to Sanction Nigeria over Twitter Ban
Socio-Economic Rights and Accountability Project (SERAP) has sent an urgent appeal to Hon. Patricia Scotland, secretary-general of the Commonwealth, urging her to apply the Commonwealth Charter to…
- 12 Aug 2026
SEC Directs Operators to Subscribe to NigSac Alerts, Freeze Terrorists-Linked Funds
Securities and Exchange Commission (SEC) has issued an urgent directive requiring all capital market-regulated entities (CMREs) to immediately subscribe to Nigeria’s Sanctions (NigSac) Alerts system.…
- 12 Nov 2018
Group Raises Alarm, Asks CBN to Implement Sanction on MTN, Banks
SAY NO Campaign Nigeria, group of non-governmental orgsnisations, said there are attempts by private sectors and highly connected Nigerians to frustrate the sanctions the Central Bank of Nigeria…
- 6 Mar 2025
FG Lists Simon Ekpa, 16 Others as Terrorism Financiers, Freezes Accounts
Nigeria Sanctions Committee (NSC) has designated Simon Ekpa, 16 other persons and two entities, for their alleged involvement in supporting terrorist activities and terrorism financing. Simon Ekpa…
- 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…
- 30 Nov 2018
NCC Threatens to Sanction Erring Telecom Service Providers
The Nigeria Communication Commission (NCC) said it would sanction service providers who fail to abide by the regulations of the commission in dealing with their consumers. This is coming as the…
- 3 Feb 2017
CBN Threatens Sanctions on Banks for Clearing System Defaults
Central Bank of Nigeria (CBN) has unveiled sanctions that it suggests should be imposed on banks that flout the rules for clearing financial instruments in the country. The proposed sanctions are…
- 22 Oct 2023
CBN to Sanction Banks Hoarding Dollars
Central Bank of Nigeria (CBN), is about to probe and sanction Deposit Money Banks (DMBs), that are currently sabotaging government’s effort to halt the free fall of the naira in a bid to strengthen…
- 6 Sept 2016
CBN to Sanction Banks over Power Fund
Central Bank of Nigeria (CBN) has threatened to sanction any of the participating deposit money banks that contravenes the terms and conditions of the Nigerian Electricity Market Stabilisation…
- 30 Sept 2019
CBN Orders Bank to Monitor Individuals, Firms under UN Sanctions
Central Bank of Nigeria (CBN), has called on banks and Other Financial Institutions (OFIs) to report suspicious transactions of entities or individuals in the global sanction lists of the United…
- 18 Feb 2014
Operators, Customers Prefer QoS to Sanctions-ATCON
Association of Telecommunication Companies of Nigeria (ATCON), said that both operators and customers are weary of incessant threats by government agencies to sanction telecom operators in the…
- 12 Jan 2023
CBN Vows to Sanction Banks Hoarding New Naira Notes
Central Bank of Nigeria (CBN) has vowed to sanction any commercial bank hoarding the new naira notes from the public. According to a report by Daily Trust, the apex bank hinted that from Thursday, it…
- 16 Nov 2015
NCC Explains Fine on MTN, Silent on Deadline
Following diverse views by members of the public as to what actually transpired on the N1.04trillion sanctions placed on MTN Nigeria, the Nigerian Communications Commission (NCC) has chronicled…
- 11 Sept 2019
CBN Threatens to Sanction Bank Chiefs Who Breach ePayment Rules
Central Bank of Nigeria (CBN) said it will sanction bank chiefs who its breach e-payment reporting rules, including using unapproved third party end-to-end payment solution. Chief executives…
- 13 Aug 2026
SEC Orders Immediate Freeze of Assets Linked to Six Terrorism Financiers, Three Entities
Securities and Exchange Commission (SEC) has directed capital market operators to immediately freeze the assets of six individuals and three entities designated as terrorism financiers by the Nigeria…
- 3 Dec 2012
NCC to Fine Operators this Month over QoS
Telecommunications companies in Nigeria may face another round of sanctions this December if their service provisioning fall below the Nigeria Communications Commission’s (NCC) set service quality…
- 2 Jul 2024
CBN to sanction banks rejecting old and small Dollar denominations
Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars. In a circular issued by the Ag.…
- 25 Jan 2016
Painful Goodbye to CDMA, A Broken Promise
The recent acquisition of Visafone by MTN Nigeria may have sounded the long awaited death knell on Code Division Multiple Access (CDMA) operators in Nigeria. The deal which was sanctioned late…
- 17 Dec 2018
CBN Orders Banks to Report Fraud or Face Sanctions
The Central Bank of Nigeria (CBN) has warned banks in the country to enhance their reporting on fraud related cases in accordance to its directives, adding that it would no longer condone failure to…
- 21 Aug 2018
CBN Slams N34.1m Fines on 3 Banks for Market Infractions
Central Bank of Nigeria (CBN) has sanctioned Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc and Stanbic Holdings Plc N34.1 million over different market infractions in the first six months of…
- 13 Apr 2024
NGX Sanctions Julius Berger over ‘Insider Dealing’
Nigerian Exchange (NGX) has sanctioned Julius Berger Nigeria (JBN) Plc for engaging in inappropriate insider dealing in shares. Insider dealing is the illegal practice of trading on the stock…
- 27 May 2018
CBN to Sanction Banks, Revoke BDCs Licenses for Forex Hoarding
Central Bank of Nigeria (CBN) on Sunday threatened to sanction banks and review operating licences of Bureau de Change (BDCs) that fail to sell foreign exchange to travelling customers on demand.…
- 28 Apr 2025
FG to Sanction Airports Without Permits from January 2026
The Nigeria Civil Aviation Authority (NCAA) has announced that, from January 1, 2026, all local airports and airstrips operating without valid permits will face sanctions. Speaking at the maiden…
- 29 Oct 2018
Nigeria Boosts MTN Group’s Subscriber Base Growth Despite Sanction
The MTN group added 2.5 million new subscribers in the third quarter of the year, boosted by a strong performance in its embattled Nigerian operations and robust growth out of Ghana. However, MTN SA…
- 9 May 2023
CBN to Sanction Banks Harbouring Unlicensed Firms
Central Bank of Nigeria (CBN) has warned banks against harbouring and backing unlicensed foreign firms. CBN said the directive titled “Guidelines for the Regulation of Representative Offices of…
- 8 Apr 2022
CBN Slams $2m Fines on 4 Banks for Crypto Transactions
Central Bank of Nigeria (CBN) has imposed monetary sanctions of N814.3 million (nearly $2 million) on four commercial banks in the country for permitting cryptocurrency transactions, Bloomberg…
- 20 Oct 2025
CDJCR Asks NCC, CBN to Punish Operators over Failed Airtime, Data Refunds
Centre for Digital Justice and Consumer Rights (CDJCR) has urged the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) to enforce strict sanctions on operators that fail…
- 1 Mar 2010
NBC Slams 35 Broadcast Stations for Various Offences
The National Broadcasting Commission (NBC) sanctioned 35 broadcast stations across Nigeria in the month of January. A statement signed by Mallam Salihu Awwalu, NBC’s head of Public Affairs, had…
- 29 Aug 2018
Forex Scam: CBN Fines 4 Banks N5.87Bn, Orders MTN to Refund $8Bn
Central Bank of Nigeria (CBN) has imposed heavy sanctions totalling N5.87 billion on four banks under its regulatory purview and asked same to refund $8,134,312,397.63 for what it described as…
- 7 Mar 2018
Airtel Lauds NCC for Sanction on Telcos for Call Masking
Airtel Nigeria Limited, has commended the Nigerian Communications Commission (NCC) over stiff actions it has adopted in curbing the menace of call-masking and refiling in the industry. Call…