Central Bank of Nigeria (CBN) has launched simple new rules to make mobile money transfers and online banking safer and give ordinary Nigerians more...
Central Bank of Nigeria has introduced new baseline standards requiring financial institutions to adopt automated anti-money laundering systems capable of detecting suspicious transactions and...
Nigeria has ranked first globally in the ownership of the two largest stablecoins, Tether (USDT) and USD Coin (USDC), reflecting the country’s growing reliance...
Nigerian banks have started the implementation of CBN’s new requirements for international money transfer operation Based on the new rule, commercial banks are now...
Central Bank of Nigeria (CBN) has ordered the regulated entities to engage and give customers notices of outstanding obligations prior to the commencement of...
Electronic payment transactions in Nigeria rose to N600 trillion in 2023, representing a 55 per cent increase over the N387 trillion recorded in 2022....
Federal Government has expressed worry over the rising prices of food and commodities in the country. The Minister of Finance and Coordinating Minister of...
First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in Nigeria....
Mastercard, financial services firm has concluded the acquisition of a minority stake in mobile operator MTN Group’s fintech business. In a statement, MTN says...
Central Bank Governor, Olayemi Cardoso, has stated that the apex bank’s planned relocation of departments and personnel to other branches is a response to...
Central Bank of Nigeria (CBN) uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency...
Federal Government is considering a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise...
Central Bank of Nigeria (CBN) has prohibited banks and financial technology companies (fintechs) from offering international money transfer services. This development is outlined in...