Nigeria’s Instant Payment System Among World’s Best, Says CBN as Open Banking Gains Momentum
The Central Bank of Nigeria (CBN) has declared that the country’s instant payment system ranks among the most advanced globally, ...
Tag: CBN
BCAN Challenges Excessive Bank Charges, Urges CBN Action as AI Reshapes Customer Experience
The Bank Customers Association of Nigeria (BCAN) has formally petitioned the Central Bank of Nigeria (CBN) over increasing deductions and ...
Liquidity Crunch Threatens Nigeria’s $1 Trillion Economy Target as Banks Struggle Under 50% CRR
Nigeria’s banking sector is under mounting pressure following the Central Bank of Nigeria’s (CBN) controversial decision to enforce a uniform ...
USSD Services: Telcos to Charge Subscribers Directly from June 18, 2025
Starting Wednesday, June 18, 2025, telecom subscribers in Nigeria will begin paying directly for Unstructured Supplementary Service Data (USSD) sessions ...
CBN Orders Banks Under Regulatory Forbearance to Halt Dividends, Bonuses, and Offshore Investments
The Central Bank of Nigeria (CBN) has directed banks operating under regulatory forbearance to suspend dividend payouts, defer executive bonuses, ...
CBN to Auction ₦81 Billion in T-Bills as Liquidity Tightens and Policy Stance Faces Scrutiny
The Central Bank of Nigeria (CBN) is set to auction ₦81 billion worth of Treasury Bills today, marking a significant ...
CBN Denies Extending Bureau De Change Recapitalisation Deadline Amid Rising Concerns
The Central Bank of Nigeria (CBN) has dismissed reports claiming it has extended the recapitalisation deadline for Bureau De Change ...
NDIC Begins Payment of Liquidation Dividends to Premier Commercial Bank Creditors after 25 years closure
The Nigeria Deposit Insurance Commission (NDIC) has officially commenced the payment of liquidation dividends to creditors of Premier Commercial Bank, ...
Banks’ Soaring Deposits with CBN Signal Excess Liquidity in Nigerian Financial System
The sharp rise in banks' deposits with the Central Bank of Nigeria (CBN) this year has highlighted significant excess liquidity ...
Cash in Circulation Slips as Nigerians Go Digital
Currency held outside Nigeria’s banking system dropped for the second time in 2025, slipping to N4.57 trillion in April from ...
