CBN Orders Banks to Cut Insider Loans Within Six Months
Nigeria’s banking regulator has directed commercial banks to comply with stricter insider lending limits or risk sanctions. In a letter ...
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Tag: CBN
Nigerians React to CBN’s Increased ATM Withdrawal Charges
Bank customers in Nigeria strongly oppose the Central Bank of Nigeria’s (CBN) recent increase in Automated Teller Machine (ATM) withdrawal ...
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CBN and NCC Mandate Banks to Settle ₦212.5 Billion USSD Debt by Year-End
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a directive requiring banks to pay ...
Read moreDetailsCBN Fines Fintech Giants Moniepoint and OPay ₦1 Billion
With the Central Bank of Nigeria (CBN) still trying to regulate fintech startups, they fined two of the country’s leading ...
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CBN to Penalize Banks Over Cash Shortages From Dec 1
The Central Bank of Nigeria (CBN) is cracking down on commercial banks that are failing to provide cash to customers. ...
Read moreDetailsCBN Orders Banks to Seek Approval for Core Software Changes
Commercial banks must now get permission from the Central Bank of Nigeria (CBN) to modify their core banking system software ...
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