NCC, CBN Move To End Failed Airtime Losses with 30-second Refund Rule
Nigeria’s telecoms and financial regulators have introduced a new consumer refund framework that promises near-instant refunds for failed airtime and ...
Tag: CBN
19 Nigerian Banks Meet New CBN Capital Requirements Ahead of March Deadline
As of January 6, 2026, at least 19 Nigerian banks have met the Central Bank of Nigeria’s revised minimum capital ...
Banks Shut 229 Branches in One Year As POS Becomes Nigeria’s Dominant Payment Channel
Nigeria’s banking landscape is undergoing a quiet but profound shift, as physical bank branches continue to disappear while Point of ...
CBN Reforms Cash Management, Digital Payments to Boost Financial Access
The Central Bank of Nigeria has intensified efforts to strengthen operational discipline across the financial system, ensuring that cash remains ...
CBN Projects Stronger Growth, Lower Inflation in 2026 as Reforms Boost Business Confidence
Nigeria’s economy is projected to grow by 4.49 per cent in 2026, with inflation easing to an average of ...
Central Bank of Nigeria Mandates Multi-Factor Authentication for Foreign Card Transactions Above $200 to Boost Ease of Use
The Central Bank of Nigeria has directed all banks and financial institutions to implement multi-factor authentication for foreign card transactions ...
SMEDAN Seeks Microfinance Bank License to Deepen Funding, Formalize Millions of Small Businesses
Nigeria’s small business development agency is seeking regulatory approval to operate a microfinance bank, a move aimed at tightening the ...
CBN Orders Mandatory Dual Connectivity by 2026 to Cut PoS Failures Nationwide
The Central Bank of Nigeria has directed all financial institutions, acquirers and payment service providers to implement mandatory dual connectivity ...
CAC PoS Registration Deadline Splits Operators as Compliance Push Stirs Tensions in Nigeria’s Agent-Banking Space
The Corporate Affairs Commission’s new compliance directive ordering all Point of Sale operators to register their businesses before January 1, ...
CBN Sets New Push to Raise Agricultural Lending Above Five Per Cent, Targets Stronger Support for Smallholder Farmers
The Central Bank of Nigeria is aiming to raise agricultural lending beyond the current threshold of less than five per ...
