Bank of Industry (BOI) has received Central Bank of Nigeria (CBN) approval to launch a Non-Interest Banking (NIB) Window, expanding ethical financing for underserved...
Onafriq Nigeria Payments Ltd, a Central Bank of Nigeria-licensed service provider, has teamed up with the Pan-African Payment and Settlement System (PAPSS) to launch...
By Blaise Udunze The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude...
Central Bank of Nigeria threw importers a crucial two-month reprieve Tuesday, greenlighting the use of expired NAFDAC licences for Form M processing until February...
Central Bank of Nigeria (CBN) has approved the upgrade of operating licences for major FinTech companies and Microfinance Banks (MFBs), including Opay, Moniepoint MFB,...
By Blaise Udunze The latest in the Nigerian banking sector, as banks grapple with the recapitalization compliance deadline, is confronted with a familiar yet...
Federal Competition and Consumer Protection Commission (FCCPC) has commenced enforcement actions against Digital Money Lending (DML) operators that failed to regularise their operations under...
Nigeria’s banking sector recapitalization, mandated by the Central Bank of Nigeria (CBN) in March 2024, requires banks to meet tiered minimum paid-up capital thresholds...
An Economic and Financial Crimes Commission (EFCC) witness told an Abuja Court that the Kogi State Board of Internal Revenue (KSIRS) paid over ₦1.1 billion in...