Banking & Finance
-
156CBN Cracks Down on Criminal Networks with PoS Geo-Tagging Order
Last week, the Central Bank of Nigeria (CBN) rolled out a new directive requiring all Point of Sale (PoS) terminals across the...
-
2.8KSurvival Pressure Rises on Tier-2 Banks as Recapitalisation Deadline Nears
Nigeria’s Tier-2 (mid-tier) banks are scrambling to shore up their balance sheets as the Central Bank of Nigeria’s (CBN) March 2026 recapitalisation...
-
2.8KNigeria, Brazil Central Banks Deepen Financial Ties
The Central Bank of Nigeria (CBN) and the Banco Central do Brasil are moving to deepen financial and economic cooperation following high-level...
-
2.8KDiaspora Inflows Hit $600m Monthly –Cardoso
Nigeria’s diaspora remittances surged by 200 percent to $600 million in the past two months. The Governor of the Central Bank of...
-
180
CBN Orders GPS Tracking for All PoS Terminals to Curb Fraud
Propelled by the urgent need to curb rising fraud and safeguard depositors’ funds, the Central Bank of Nigeria (CBN) has rolled out...
-
169
CBN Gives Banks Oct. 31 Deadline for Payment System Upgrade
The Central Bank of Nigeria has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to...
-
2.7KHighlights of New Tax Laws Starting January 1, 2026
Nigeria’s new tax laws, set to take effect on January 1, 2026, represent a significant overhaul of the country’s fiscal framework. These...
-
2.9KBanks’ Cash Deposits with CBN Fall 41.6% in 1 Week, Borrowing Hits ₦820b
Nigeria’s banking system witnessed a sharp reversal in liquidity dynamics last week, as commercial banks cut back excess cash placements with the...
-
2.8K
Customers’ Bill of Rights: CBN Strengthens Fair Banking Drive
With over 66 million Nigerians enrolled on the Bank Verification Number system, the Central Bank of Nigeria has introduced a Customers’ Bill...
-
2.8KEdun, Cardoso Pledge to Strengthen Fiscal, Monetary Coordination
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of Nigeria, Olayemi...
