CBN Mandates Multi-Factor Authentication for Foreign Card Transactions Above $200
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to implement multi-factor authentication for foreign ...
Tag: CBN
CBN Tightens Rules Amid Digital Payments Boom, Signals Zero Tolerance for System Abuse
As digital transactions surge across Nigeria, the Central Bank of Nigeria (CBN) is tightening regulatory oversight to protect consumers, strengthen ...
Nigerian Banks Reinforce Capital Buffers as CBN Tightens Regulatory Oversight
Nigeria’s Deposit Money Banks are ramping up efforts to strengthen their capital base as the Central Bank of Nigeria (CBN) ...
CBN Directs Banks, Fintechs to Implement Mandatory Dual Connectivity for PoS Transactions
The Central Bank of Nigeria (CBN) has issued a new directive ordering all banks, fintechs, acquirers, processors, and payment terminal ...
CBN’s Approval of 82 New BDC Licences Sparks Uncertainty Across Abuja FX Market
The Central Bank of Nigeria’s (CBN) approval of 82 new Bureau De Change (BDC) licences has triggered significant unease across ...
CBN Unveils Priorities for NFIS 4.0 to Deepen Access, Credit, and Digital Financial Services
Philip Ikeazor, Deputy Governor in charge of Financial System Stability at the Central Bank of Nigeria (CBN), says financial inclusion ...
CBN Moves to Scrap Two Referee Requirements for Current Bank Accounts
The Central Bank of Nigeria (CBN) is considering removing the long-standing referee requirement for opening current accounts, a major shift ...
CBN Ends Special Cash Withdrawal Waivers, Introduces Stricter Limits Effective January 2026
The Central Bank of Nigeria (CBN) has announced major changes to its cash withdrawal regulations, ending the special approval previously ...
CBN Orders Banks to Refund APP Fraud Victims Within 48 Hours in Major Consumer Protection Move
The Central Bank of Nigeria (CBN) has issued a strong directive compelling banks and other financial institutions to refund victims ...
NNPC, CBN Forge Strategic Partnership to Strengthen Nigeria’s Economic Stability
The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have entered into a strategic partnership ...
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