CBN and NCC give banks, telcos ultimatum to settle N250 billion long-running USSD debt by Oluwatosin Adeyemi December 24, 2024 0 The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have ordered Deposit Money Banks and Mobile Network ...
CBN sets N100,000 cash withdrawal limit for POS transactions by Modupeoluwa Olalere December 19, 2024 0 The Central Bank of Nigeria (CBN) announced a significant policy regulating cash transactions through Point-of-Sale (POS) agents on Tuesday. This ...
CBN to fine banks N150 million for selling mint naira notes to currency hawkers by Oluwatosin Adeyemi December 15, 2024 0 The Central Bank of Nigeria (CBN) has threatened to impose a N150 million fine on any bank found culpable of ...
CBN cracks down on Moniepoint, OPay with ₦1 billion fine each over regulatory violations by Ibukunoluwa Bankole December 12, 2024 0 The Central Bank of Nigeria (CBN) has intensified its oversight on the fintech sector, imposing ₦1 billion fines on two ...
Nigeria’s USSD payments hit N2.19 trillion in 2024’s first half, but banks still owe telecoms N250 billion by Oluwatosin Adeyemi December 9, 2024 0 According to the Central Bank of Nigeria's statistics on electronic payments, 252.06 million transactions totalling N2.19 trillion were made using ...
CBN imposes penalties on banks for cash withdrawal violations by Modupeoluwa Olalere December 2, 2024 0 On November 29, 2024, the Central Bank of Nigeria (CBN) announced a crucial directive for bank customers to report any ...
Moniepoint eyes commercial banking license to expand financial services in Nigeria by Ibukunoluwa Bankole November 14, 2024 0 The latest Nigerian fintech unicorn, Moniepoint, is pursuing a commercial banking license from the Central Bank of Nigeria (CBN) to ...
GTBank announces temporary service disruption to upgrade system by Oluwatosin Adeyemi October 10, 2024 0 Guarantee Trust Bank (GTBank) has announced a temporary service interruption to enable its transition to a new core banking application ...
CBN instructs payment service providers to start tracking PoS transactions by Oluwatosin Adeyemi September 13, 2024 0 The Central Bank of Nigeria (CBN) requires all Payment Service Providers to route all electronic or physical transactions from Point ...
Providus bank announces ₦3 trillion boost from strategic merger by Saibu Grace August 15, 2024 0 Providus Bank stated that the Central Bank of Nigeria (CBN) has granted preliminary approval for the merger with Unity Bank, ...