CBN to Lock Banking Apps to One Phone from July 1
Nigeria’s digital banking experience is set for a major shift from July 1, as the Central Bank of Nigeria introduces ...
Read moreDetails
Tag: CBN
CBN grants national licences to major FinTechs, MFBs
The Central Bank of Nigeria (CBN) has upgraded the licences of selected FinTechs and microfinance banks (MFBs) operating nationwide to ...
Read moreDetails
CBN Modernizes Nigeria’s Payment Network with ISO 20022
Nigeria’s financial system is getting a major upgrade as the Central Bank of Nigeria (CBN) begins migrating from the decades-old ...
Read moreDetails
CBN Doesn’t Know Where Fintech Banks Operate — Bamisile
Chairman of the House of Representatives Ad-hoc Committee investigating fintech operations in Nigeria, Hon. Olufemi Bamisile, has accused the Central ...
Read moreDetailsCBN 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 ...
Read moreDetails
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 ...
Read moreDetails
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 ...
Read moreDetails
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 ...
Read moreDetails
At Spectra, we're more than just a news website. We are your gateway to a dynamic world where technology, business, and lifestyle stories come together to create a richer, more vivid picture.