Finance
OPay, CBN Partner to Advance Youth Financial Literacy
OPay has partnered with the Central Bank of Nigeria (CBN) to strengthen financial literacy among young Nigerians through the Global...
Finance
CBN orders banks to instantly reverse failed ATM transactions
The Central Bank of Nigeria has directed banks to immediately reverse failed automated teller machine transactions, introducing stricter timelines designed...
FinanceLoan
CBN orders banks to stop giving loans to borrowers with unpaid debts
The Central Bank of Nigeria (CBN) has ordered commercial banks to stop granting new loans and certain banking services to...
Bank of Industry
BoI gets CBN approval to launch non-interest banking for MSMEs
The Bank of Industry (BoI) has received approval from the Central Bank of Nigeria (CBN) to launch non-interest banking services...
Loan
NIRSAL debits spark complaints over COVID-19 loan repayments
From ₦200,000 to over ₦1 million, Nigerians have reported sudden debits from their bank accounts tied to NIRSAL Microfinance Bank....
Finance
Sterling HoldCo Fully Recapitalises Sterling Bank and AltBank
Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank, are...
Grant
World Bank Cuts CBN Grant to $6.80m
The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from $10.50m to...
Bank of IndustryMSMEs
CBN Approves BOI Non-Interest Banking Window
The Central Bank of Nigeria (CBN) has approved the Bank of Industry (BOI) to operate a Non-Interest Banking window, marking...
Fintech
Nigeria records 11 billion digital payment transactions in 2024
Nigeria’s digital payments system processed about 11 billion transactions in 2024, highlighting the rapid scale Nigeria has reached in real-time...
Finance
FCMB Meets ₦200bn Capital Requirement
FCMB Group Plc has crossed the ₦200 billion capital requirement needed to retain its national banking licence, meeting a key...
Federal JobNews
60 CBN Recruits Cry Out Over Delayed Posting Since 2023
No fewer than 60 persons who were recently employed as staff of the Central Bank of Nigeria (CBN) have cried...
Business
Customers to receive refund for failed airtime, data after 30 seconds
The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have introduced a new system requiring instant refunds...
Finance
FirstBank meets CBN N500bn capital requirement ahead of deadline
First HoldCo Plc has announced that First Bank of Nigeria Limited, FirstBank, has successfully met the Central Bank of Nigeria’s...
Loan
Reps Asks FG to Waive COVID-19 Survival Loans for Vulnerable Households
The House of Representatives has asked the Federal Government to approve a full waiver on all outstanding COVID-19 survival loans...
AgricultureFinance
CBN launches revamped ACGSF to expand smallholder farmer credit
The Central Bank of Nigeria has introduced a major overhaul of the Agricultural Credit Guarantee Scheme Fund, setting a new...
Finance
CBN Licenses 82 BDCs, Warns Against Unauthorised Forex Dealers
The Central Bank of Nigeria has confirmed that 82 Bureaux De Change have been fully licensed under its revised guidelines,...
Finance
Jaiz Bank becomes first African IILM Primary Dealer
Jaiz Bank, Nigeria’s pioneer Non-Interest bank, has signed an agreement with the International Islamic Liquidity Management Corporation for its onboarding...
Finance
CBN Announces New Cash Withdrawal Limits Starting January 2026
The Central Bank of Nigeria has announced new cash withdrawal rules that will take effect from January 1, 2026, ending...
Finance
Zuldal Microfinance Bank Not on CBN Licensed List
Central Bank of Nigeria has issued a disclaimer on Thursday warning Nigerians about an entity known as Zuldal Microfinance Bank...
Finance
SERAP Gives CBN Governor 7 Days to Explain Alleged Missing N3tn
The Socio-Economic Rights and Accountability Project has issued a seven-day ultimatum to the governor of the Central Bank of Nigeria,...
