Banking & Finance
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31CBN Flags Compliance Costs, Slow Approvals as Fintech Growth Pains
The Central Bank of Nigeria (CBN) has identified high compliance costs and prolonged regulatory approval timelinesas major obstacles slowing the growth of...
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294Instant Payment Transactions Rise by 120% in 2yrs –CBN
The Central Bank of Nigeria (CBN) has revealed significant growth in the NIBSS Instant Payments Platform (NIP), indicating a 120 per cent...
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Central Bank Tightens Liquidity, Withdraws ₦15tr from Financial System in January
Nigeria’s money market closed the month under sustained liquidity pressure, despite a modest improvement in system balances, as the Central Bank of...
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200CBN Deepens Partnership with DFIs to Stabilise Banking Sector
As part of efforts to deepen partnerships with development finance institutions (DFIs) and strengthen the nation’s banking sector, the Central Bank of...
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39CBN to Tighten Rules on Debit Cards, ATMs to Ease Cash Crunch
The Central Bank of Nigeria (CBN) has unveiled plans to roll out a fresh regulatory framework to streamline debit card issuance and...
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37₦25.85b Lost to Bank Fraud Last Year
Banks loss N25.85b to fraud last year, the Nigeria Interbank Settlement System (NIBSS) Plc has said in a data. The figure, the...
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365Banks Record Rising Loan Defaults Amid Strong Demand –CBN
Banks operating in Nigeria have reported a broad rise in loan defaults across households and businesses, showing growing stress in the credit...
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37Recapitalisation: 20 Banks Hit Capital Mark Ahead of Deadline
The Central Bank of Nigeria has said that about 20 deposit money banks have already met the new capital requirements under the...
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46‘Non-Interest Banks Account for 1.7% of Nigeria’s Banking System’
Non-interest banks account for just 1.7 per cent of Nigeria’s banking system despite more than a decade of regulatory backing and growing...
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35FCCPC Cracks Down on Loan Apps, Brings 521 Digital Lenders Under New Regulation
Nigeria’s fast-growing digital credit market has officially come under tighter regulatory oversight, with 521 digital lending companies now registered with the Federal...
