Banks and their customers lost a combined N134.48 billion after criminals using illegal stole from financial institutions and its depositors between 2020 and 2025. Attempted fraud across the banking and payments ecosystem amounted...
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...
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,...
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...
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...
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has cautioned against renewed pressure on the apex bank to return to intervention programmes previously implemented...
Central Bank of Nigeria (CBN) and commercial banks are reviewing the large number of transaction alerts sent to customers and the complaints about bank charges. So...
By Blaise Udunze Nigeria’s banking sector has just undergone one of its most ambitious recapitalisation exercises in two decades, all thanks to the Central Bank of...
By Blaise Udunze For months, Nigerians have argued in circles. Aliko Dangote has been blamed by default. They have accused his refinery of monopoly power, of...
By Blaise Udunze Following the successful conclusion of the banking sector recapitalisation programme initiated in March 2024 by the Central Bank of Nigeria, the industry has...
