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CBN 2026 Bank Recapitalisation Deadline: What it means for Nigerian customers

CBN 2026 Bank Recapitalisation Deadline: What it means for Nigerian customers

Nigeria Startup News
March 25, 2026

The 2026 banking recapitalisation exercise is a structured regulatory process designed to strengthen Nigeria’s financial system. While it has generated...

CBN orders banks to instantly reverse failed ATM transactions

CBN orders banks to instantly reverse failed ATM transactions

Nigeria Startup News
March 16, 2026

The Central Bank of Nigeria has directed banks to immediately reverse failed automated teller machine transactions, introducing stricter timelines designed...

CBN orders banks to stop giving loans to borrowers with unpaid debts

CBN orders banks to stop giving loans to borrowers with unpaid debts

Nigeria Startup News
March 13, 2026

The Central Bank of Nigeria (CBN) has ordered commercial banks to stop granting new loans and certain banking services to...

Banks Begin 10% Tax on Foreign Currency Deposit Interest

Banks Begin 10% Tax on Foreign Currency Deposit Interest

Nigeria Startup News
January 2, 2026

Nigerian banks have begun deducting a 10 percent withholding tax on interest earned from foreign currency deposits, effective January 1,...