5 h. ago Secure Foreign Card Transactions Nationwide, CBN Mandates Banks

The Central Bank of Nigeria (CBN) has instructed deposit money banks and non-bank acquirers to introduce multi-factor authentication for foreign-issued card transactions that exceed $200 daily. The directive was contained in a circular dated December 18 and signed by Rita Sike, director of the financial policy and regulation department. The apex bank also extended the […]

Politics

13 h. ago CBN Directs Banks To Configure ATMs, POS Terminals For Foreign Card Transactions

In a bid to ensure uninterrupted and efficient transactions for users of foreign-issued payment cards across Nigeria, the Central Bank of Nigeria (CBN) has directed banks and non-bank acquirers to configure all automated teller machines (ATMs), POS, and virtual terminals to accept international cards with Nigerian acquirers, comply fully with card association standards, and possess […] The post CBN Directs Banks To Configure ATMs, POS Terminals For Foreign Card Transactions appeared first on Information Nigeria.

Politics

19 h. ago CBN mandates banks to secure foreign card transactions nationwide

The Central Bank of Nigeria (CBN) has instructed deposit money banks and non-bank acquirers to introduce multi-factor authentication for foreign-issued read more CBN mandates banks to secure foreign card transactions nationwide

Politics

26 h. ago CBN moves to ease foreign card usage for tourists, returning Nigerians

orders banks, financial institutions on uninterrupted ATM, POS services for foreign cards The Central Bank of Nigeria (CBN) has issued read more CBN moves to ease foreign card usage for tourists, returning Nigerians

Politics

5 d. ago How The ‘Side Hustle’ Culture Has Become The New Normal For Nigerians

The traditional concept of a career in Nigeria has undergone a radical transformation in the last few years. There was a time when securing a job with the Civil Service, a bank, or a multinational corporation was viewed as the ultimate safety net. It came with the promise of a pension, a steady salary, and […] The post How The ‘Side Hustle’ Culture Has Become The New Normal For Nigerians appeared first on Information Nigeria.

Politics

1 week ago Analyst decries structural gaps in Nigeria’s financial regulatory architecture

While the SEC has approached the Investments and Securities Tribunal (IST) seeking orders to freeze bank accounts and seize assets linked to CBEX and 25 other defendants, policy analysts argued that the magnitude of the losses reflects a deeper, systemic failure across Nigeria’s financial oversight ecosystem. A financial advisor and public policy researcher at Covenant […]

Politics

1 week ago SEC seeks freezing of CBEX accounts over alleged N1.3trn fraud

The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the immediate freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX)...

Politics

3 w. ago Nigeria faces surge in bank fraud as industry experts warn of outdated security controls

Nigeria’s banking sector is confronting an accelerating wave of financial-payments crime, with losses from electronic fraud now exceeding N1tn annually, read more Nigeria faces surge in bank fraud as industry experts warn of outdated security controls

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