CBN Caps Mobile Banking Transactions At N20,000 Within First 24 Hours On New Devices

Nigeria’s apex bank has capped mobile banking transactions at N20,000 in the first 24 hours of activating a banking application on any new device, as part of a sweeping set of security standards designed to curb the rising tide of digital financial fraud. The Central Bank of Nigeria (CBN) issued the directive in a circular […]


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