30 results
- News9 Aug 2026
Interswitch, Temenos Commit to Advancing Nigeria’s Digital Banking Technology
Interswitch Group, an integrated digital payments and commerce company, together with global banking software provider, Temenos have reassured the Central Bank of Nigeria (CBN) of their commitment to…
- News3 Aug 2026
Nigerians Lost N25.85Bn to Digital Payment Fraud in 2025 –CBN
Nigerians lost N25.85 billion to digital payment fraud in 2025, according to Central Bank of Nigeria (CBN). Though the figure represents a significant decline from the N52.26 billion recorded in…
- News2 Aug 2026
CBN Exposes over 13,000 BVNs Tied to Fraud as Banks Tighten Security
The number of Bank Verification Numbers (BVNs) on the Nigerian banking industry’s fraud watchlist reached 13,117, according to the Central Bank of Nigeria (CBN). This is coming as banks strengthen…
- News30 Jul 2026
CBN Orders N19Bn Refunds to Customers as Complaints Rise
Central Bank of Nigeria (CBN), has ordered banks to refund a total N19.12 billion to customers for illegal deductions and poor complaint handling. This is coming as bank customers lodged 23,129…
- News29 Jul 2026
CBN Fines Banks N430m for Ignoring Customers' Complaints
Central Bank of Nigeria (CBN) imposed N430 million in penalties on financial institutions in 2025 over delays in resolving customer complaints and failure to comply with its directives, underscoring…
- News23 Jul 2026
CBN Has Not Published Annual Financial Statements Since 2022 despite Legal Requirement
Central Bank of Nigeria (CBN) has yet to publish its annual financial statements beyond the 2022 financial year, despite legal provisions requiring the apex bank to release its audited accounts…
- News21 Jul 2026
CBN Retains Interest Rate at 26.5% as Cardoso Cites Global Uncertainty Despite Inflation Drop
Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the nation’s benchmark interest rate, at 26.5 per cent, citing heightened global uncertainties despite signs of resilience…
- News20 Jul 2026
PFIPC Probe: Dollar, Pounds Accounts of Fake Agency Inactive - CBN
Central Bank of Nigeria (CBN) has disclosed that two foreign currency accounts opened in connection with the controversial Presidential Foreign Investment Promotion Council (PFIPC) have remained…
- News19 Jul 2026
Access Holdings Sells 7.44% Stake in Ghana Unit
Access Holdings Plc has completed the sale of a 7.44% stake in its Ghanaian subsidiary, a move believe is tied to a Central Bank of Nigeria (CBN) rule capping how much local banks can hold in foreign…
- News17 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…
- News16 Jul 2026
CBN Introduces Digital Tracker to Monitor BDC Forex Transactions
The Central Bank of Nigeria (CBN) has launched a new system to monitor how Bureau De Change (BDC) operators buy foreign exchange in the country. Under the new arrangement, all licensed BDCs must…
- News8 Jul 2026
CBN Warns against Rejection of N100 Banknotes
Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender across the country, warning that its rejection by individuals, businesses and institutions violates…
- News6 Jul 2026
Zedvance appoints Prof. Olanrewaju as board chairman
Zedvance Finance Limited has appointed Professor Pius 'Deji' Olanrewaju as Chairman of its Board of Directors, effective July 1, subject to the approval of the Central Bank of Nigeria (CBN).…
- News1 Jul 2026
Court Asks CBN, NIBSS to Seek Settlement in N98.5Bn Patent Suit
Justice Deinde Dipeolu of the Federal High Court in Lagos has urged all parties in the N98.5 billion patent infringement lawsuit involving the Central Bank of Nigeria (CBN) and Nigeria Inter-Bank…
- News1 Jul 2026
CBN Cracks Down, Revokes Licences of 46 Microfinance Banks
Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs) across the country with effect from July 1, 2026. The apex bank announced the decision in a statement…
- News24 Jun 2026
Privacy Crisis May Undermine Local Hosting of Data by Banks, Fintechs
Nigeria’s weak data protection guardrails may undermine the recent directive by Central Bank of Nigeria (CBN) to banks, fintech firms, and other payment service providers to store payment transaction…
- News15 Jun 2026
CBN Orders Banks, Fintechs to Host Payment Data Locally
The Central Bank of Nigeria has directed banks, fintech firms, and other payment service providers to store payment transaction data generated within the country on local servers from January 1,…
- News14 Jun 2026
CBN to Expand eNaira for Salaries, Pensions and Welfare Payments
Central Bank of Nigeria (CBN) is outlining plans to process salaries, pensions, and social welfare benefits through the eNaira. The proposal is outlined in the Nigeria Payments System Vision 2028…
- News14 Jun 2026
CBN to Bar HoldCos from Influencing Banks’ Lending Decisions
Central Bank of Nigeria (CBN) has proposed a sweeping overhaul of the regulatory framework for Financial Holding Companies (HoldCos), including measures to strengthen the operational independence of…
- News14 Jun 2026
CBN Moves to Stop Banks From Using Customers’ Money for Fintech Subsidiaries
Central Bank of Nigeria (CBN) has proposed new guidelines aimed at separating the operations of banks and other closely linked financial entities, including financial technology (fintech) companies,…
- News9 Jun 2026
CBN to Deploy AI in Fight Against Payment Fraud
Central Bank of Nigeria (CBN) has unveiled plans to deploy Artificial Intelligence (AI) to strengthen fraud prevention and enhance the efficiency of the country’s digital payments ecosystem as part…
- News8 Jun 2026
Reps Committee Recovers N521m Unremitted VAT from CBN
House of Representatives Public Accounts Committee (PAC) says it has recovered over ₦521 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN). This is part of an ongoing…
- News7 Jun 2026
CBN Imposes N100m Penalty on Dealing Bank Inadequate Processing of Forex Documents
Central Bank of Nigeria (CBN) has said that any authorised dealer bank the processes foreign exchange (forex) transactions without proper documentation will be fined N100 million. In addition, the…
- News7 Jun 2026
CBN Introduces N100m Fine for Banks Over Forex Documentation Violations
Central Bank of Nigeria (CBN) has introduced a N100 million penalty for banks and other authorised dealers that process foreign exchange transactions without adequate supporting documentation, as…
- News4 Jun 2026
Moniepoint CEO Pushes New Credit Revolution for Millions of Nigerian Small Businesses
As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System Vision (PSV) 2028 framework in Abuja, industry leaders are shifting the conversation from how money…
- News2 Jun 2026
CBN Grants Union Bank, Polaris, Keystone More Time to Complete Recapitalisation
Central Bank of Nigeria (CBN) has reportedly granted Union Bank of Nigeria, Polaris Bank and Keystone Bank additional time to complete their recapitalisation process following the expiration of the…
- News1 Jun 2026
CBN Unveils Payment System Vision 2028, Targets 95% Financial Inclusion
Central Bank of Nigeria (CBN) has launched the Payment System Vision (PSV) 2028, a strategic roadmap aimed at expanding financial inclusion to 95 per cent of the adult population and strengthening…
- News1 Jun 2026
Banks Lending to FG Hit N15.66 Trillion in One Year– CBN
Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the Central Bank of Nigeria (CBN). The figures show that credit given to…
- News31 May 2026
Nigerian Banks Under Pressure as Bad Loans Hit 8.03% After CBN Policy Shift
Non-performing loans (NPLs) in Nigeria’s banking sector rose to 8.03 per cent in January 2026, exceeding the Central Bank of Nigeria’s (CBN) prudential threshold of five per cent, following the…
- News31 May 2026
POS Operators Threaten to Suspend Services over Exclusivity Practice
Association of Point of Sale Service Providers (POS) has threatened to suspend Verve card transaction services nationwide if the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer…