Tag: CBN
CBN mismanaged N2.73 trillion interest on Ways and Means: Auditor-General Chira
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The federal government has accused the Central Bank of Nigeria (CBN) of mismanaging N2.73 trillion in interest payments…
CBN unveils whistleblower website to tackle misconduct in Nigeria’s financial sector
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The Central Bank of Nigeria (CBN) is launching a new whistleblower platform on January 1, 2025, as part…
CBN and NCC give banks, telcos ultimatum to settle N250 billion long-running USSD debt
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The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have ordered Deposit Money Banks and…
CBN sets N100,000 cash withdrawal limit for POS transactions
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The Central Bank of Nigeria (CBN) announced a significant policy regulating cash transactions through Point-of-Sale (POS) agents on…
CBN to fine banks N150 million for selling mint naira notes to currency hawkers
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The Central Bank of Nigeria (CBN) has threatened to impose a N150 million fine on any bank found…
CBN cracks down on Moniepoint, OPay with ₦1 billion fine each over regulatory violations
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The Central Bank of Nigeria (CBN) has intensified its oversight on the fintech sector, imposing ₦1 billion fines…
Nigeria’s USSD payments hit N2.19 trillion in 2024’s first half, but banks still owe telecoms N250 billion
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According to the Central Bank of Nigeria’s statistics on electronic payments, 252.06 million transactions totalling N2.19 trillion were…
CBN imposes penalties on banks for cash withdrawal violations
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On November 29, 2024, the Central Bank of Nigeria (CBN) announced a crucial directive for bank customers to…
Moniepoint eyes commercial banking license to expand financial services in Nigeria
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The latest Nigerian fintech unicorn, Moniepoint, is pursuing a commercial banking license from the Central Bank of Nigeria…
GTBank announces temporary service disruption to upgrade system
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Guarantee Trust Bank (GTBank) has announced a temporary service interruption to enable its transition to a new core…
