Tag: CBN
Lawmakers urge CBN to withdraw Cybersecurity levy
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In a recent development, the House of Representatives has called upon the Central Bank of Nigeria (CBN) to…
Why CBN’s Cybersecurity levy on electronic transfers is crucial
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The National Security Adviser would supervise the cyber security levy deduction process, according to the Central Bank of…
Seven Key Facts about Nigeria’s Consumer Credit Scheme CREDICORP
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President Bola Ahmed Tinubu has approved the first phase of the Consumer Credit Scheme in Nigeria for implementation. …
CBN bans fintechs from international payments services
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In a significant regulatory overhaul, the Central Bank of Nigeria (CBN) has taken a bold step by announcing…
NIMC, CBN, others to create Nigerian consumer credit framework
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The Presidential Council on Industrial Revitalization has set up a Technical Working Group, which includes the Federal Competition…
Palmpay launches CBN-compliant KYC process
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As part of a new security update for its app, PalmPay, a well-known fintech company, requires new users…
CBN waives cash deposit processing fees
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The Central Bank of Nigeria (CBN) said that banks nationwide will no longer charge processing fees for large…
SeedFi’s financial inclusion boosts Nigeria’s economy
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The CBN required traditional banks to lend 65% of account users’ funds to build the economy. Although banks…
Bloc MFB gains CBN approval to operate in Lagos
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Bloc MFB, a subsidiary of BlocHQ Limited, has gained CBN approval in principle to start operations in Lagos,…
CBN announces DMBs who distort images, data will pay penalties
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The Central Bank of Nigeria (CBN) announced that Deposit Money Banks (DMBs) that use any form of technology…
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