• CBN implements Deloitte FX audit report, EFCC may summon CEOs over $2.4bn invalid requests • Several FX requests fraudulent, made with invalid, illegal documents,
The Central Bank of Nigeria, in its recently revised consumer protection framework, has mandated financial service providers to comply with minimum standards in their advertising
The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure
The Central Bank of Nigeria (CBN) has issued a directive that banks and financial technology companies (fintechs) are no longer permitted to engage in international
Photo caption: CBN Governor Yemi Cardoso A new report has projected that the Central Bank of Nigeria may ask commercial banks with international banking licence
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank
Bank customers, as well as Point of Sales (PoS) operators have continued to lament the new directives by commercial banks pegging daily cash withdrawals to
The Central Bank of Nigeria on Friday directed commercial banks to bar customers without Bank Verification Numbers and National Identity Numbers from having access to
