Seven Key Facts about Nigeria’s Consumer Credit Scheme CREDICORP by Modupeoluwa Olalere April 27, 2024 0 President Bola Ahmed Tinubu has approved the first phase of the Consumer Credit Scheme in Nigeria for implementation. This scheme ...
CBN bans fintechs from international payments services by Ibukunoluwa Bankole February 8, 2024 0 In a significant regulatory overhaul, the Central Bank of Nigeria (CBN) has taken a bold step by announcing a comprehensive ...
NIMC, CBN, others to create Nigerian consumer credit framework by Modupeoluwa Olalere December 28, 2023 0 The Presidential Council on Industrial Revitalization has set up a Technical Working Group, which includes the Federal Competition and Consumer ...
Palmpay launches CBN-compliant KYC process by Modupeoluwa Olalere December 19, 2023 0 As part of a new security update for its app, PalmPay, a well-known fintech company, requires new users to enter ...
CBN waives cash deposit processing fees by Modupeoluwa Olalere December 17, 2023 0 The Central Bank of Nigeria (CBN) said that banks nationwide will no longer charge processing fees for large cash transactions. ...
SeedFi’s financial inclusion boosts Nigeria’s economy by Modupeoluwa Olalere December 16, 2023 0 The CBN required traditional banks to lend 65% of account users' funds to build the economy. Although banks are fined ...
Bloc MFB gains CBN approval to operate in Lagos by Modupeoluwa Olalere November 24, 2023 0 Bloc MFB, a subsidiary of BlocHQ Limited, has gained CBN approval in principle to start operations in Lagos, Nigeria. Edmund ...
CBN announces DMBs who distort images, data will pay penalties by Felicia Akindurodoye October 24, 2023 0 The Central Bank of Nigeria (CBN) announced that Deposit Money Banks (DMBs) that use any form of technology which distorts ...
CBN introduces FX price verification system portal for importers by Felicia Akindurodoye August 20, 2023 0 The Foreign Exchange (FX) Price Verification System (PVS) is a new website that was recently introduced by the Central Bank ...
CBN makes N103.8 bn profits from Naira reforms by Felicia Akindurodoye August 15, 2023 0 The long-awaited audited accounts for the year that ended in December 2022 have been published by the Central Bank of ...