10 results
- 23 Dec 2024
FG Gives Banks, Telcos Six-Month Deadline to Resolve N250Bn USSD Debt
Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have ordered Deposit Money Banks and Mobile Network Operators to settle the long-standing N250bn USSD debt dispute…
- 2 Jul 2018
CBN Mandates Banks to Resolve USSD Complaints in 3 Days USSD
The Central Bank of Nigeria (CBN), over the weekend directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr.…
- 3 Jul 2018
CBN Recovers N60Bn from Banks as Illegal Charges
Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial banks to their customers on March 31, 2018 through the intervention of the consumer protection department.…
- 13 May 2022
Nigeria’s e-Payment Transactions Grew by N330tr in 2021, a 66% Increase – CBN
The Central Bank of Nigeria (CBN) has revealed that electronic transactions in Nigeria increased by 66 per cent year-on-year to N330 trillion in December 2021 from N198.61 trillion at the end of…
- 1 Jul 2024
Stakeholders Urge Fintech Operators to Harness Growth Opportunities in the Sector
Financial industry leaders have urged financial technology (fintech) firms to maintain trust, balance performance, and compliance in a digital age to harness opportunities in the sector. The…
- 2 Jul 2018
CBN Orders Banks to Settle USSD Disputes in 3 Days
Central Bank of Nigeria (CBN), has directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. USSD, is a…
- 12 Sept 2024
CBN Tightens Grip on Electronic Transactions with New Rules for PoS
The Central Bank of Nigeria (CBN) has announced new regulations for processing Point of Sale (PoS) transactions across the country, directing all acquirers to route their transactions through any…
- 12 Sept 2024
CBN Directs Payment Service Providers to Tracking POS Transactions
Central Bank of Nigeria (CBN) has issued a new directive mandating that all Point-of-Sale (PoS) transactions at merchant and agent locations, whether physical or electronic, must be routed through a…
- 17 Dec 2024
CBN Pegs Daily Transaction Limit on PoS Agents @ N1.2m
The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. The apex bank revealed this in its ‘Circular on Cash-Out Limits for Agent…
- 16 Nov 2020
Stakeholders Task CBN, NCC to Conduct Fintech Talent Needs Survey
The Fintech specialists and other stakeholders have tasked the Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC) and Nigeria Security Commission to conduct a talent needs…