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...
