CBN Blacklists Top Loan Defaulters
The Central Bank of Nigeria has taken decisive action against chronic loan defaulters, restricting their access to banking services.
CBN Naira Settlement Accounts IMTOs
The Central Bank of Nigeria has directed all International Money Transfer Operators to open naira settlement accounts with authorized dealer banks, effective May 1, 2026.
CBN Dormant Accounts Regulations: New Guidelines Announced
The Central Bank of Nigeria has announced new regulations regarding dormant accounts, easing the process for customers seeking to reactivate their funds.
CBN Dormant Accounts Regulations Update
The Central Bank of Nigeria has updated its regulations regarding dormant accounts, easing the process for customers seeking reactivation.
CBN Instant Payment Rules: New Regulations for Digital Transactions in Nigeria
The Central Bank of Nigeria has introduced new rules to enhance the security of digital transactions, effective July 1, 2026.
Tinubu nominates cbn deputy governor
President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda as the Deputy Governor of the Central Bank of Nigeria, succeeding Bala Bello.
CBN Imposes Stricter Regulations on Cheque Transactions
Introduction The Central Bank of Nigeria (CBN) has recently announced new measures to tighten cheque rules as part of its ongoing efforts to enhance the security of financial transactions and…
The Role of CBN in Nigeria’s Fintech and Foreign Reliance
Introduction The Central Bank of Nigeria (CBN) plays a pivotal role in shaping the fintech landscape in Nigeria. With the rapid growth of technology-driven financial services, understanding the bank’s policies…
The Impact of BOI and CBN on Non-Interest Banking in Nigeria
Introduction Non-interest banking has gained significant traction in Nigeria, sparking interest among stakeholders in the financial sector. This system aligns with Islamic principles and offers an alternative to conventional banking,…