Mixed Loan Trends Reveal Struggles in Nigerian Banking Sector Amid High Interest Rates
Nigerian banks are reporting mixed outcomes in customer lending between the fourth quarter of 2024 and the first quarter of ...
Tag: CBN
CBN Fines Paystack ₦250 Million over Zap Operations, Citing Licencing Breach
Nigeria’s Central Bank has fined Paystack, one of the country’s most prominent fintech companies, ₦250 million ($190,000) for allegedly operating ...
CBN Approves Open Banking Launch, Sets August 2025 Rollout for Data Sharing Across Financial Institutions
The Central Bank of Nigeria (CBN) has officially approved the implementation of open banking in the country, making Nigeria the ...
CBN Directs Banks to Adopt PAPSS for Transaction Processing
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and ...
OPay’s Scam Alerts Warns You Before You Make Costly Mistakes
Just seconds before sending money, the offer seems too good to miss and the seller appears trustworthy — but a ...
CBN Raises N1.008 Trillion in Oversubscribed OMO Auction Amid Inflation Fight
The Central Bank of Nigeria (CBN) raised N1.008 trillion at its Open Market Operations (OMO) auction on Friday, April 25, ...
CBN, NGX Showcase Reform drive at Nasdaq, Seeks to Rebuild Investor Confidence
Nigeria’s top financial regulators and market leaders convened at the Nasdaq MarketSite in New York to present the country’s economic ...
Cardoso Reaffirms CBN’s Commitment to Monetary Reforms
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reiterated the bank’s commitment to restoring confidence in Nigeria’s ...
IMF Flags Persistent Poverty, Food Insecurity in Nigeria Despite Economic Reforms
The International Monetary Fund (IMF) has raised alarm over the continued high levels of poverty and food insecurity in Nigeria, ...
CBN Warns Banks, Fintechs on Sanctions Compliance, Threatens Regulatory Penalties
The Central Bank of Nigeria (CBN) has issued a firm directive to banks, payment service banks, and fintech companies, reminding ...
