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

19 h. ago ICYMI: CBN orders banks, financial institutions to allow uninterrupted ATM, POS services for foreign cards

The Central Bank of Nigeria (CBN) has issued a fresh directive to banks and other financial institutions aimed at easing read more ICYMI: CBN orders banks, financial institutions to allow uninterrupted ATM, POS services for foreign cards

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

68 h. ago Huawei highlights Nigeria’s economic resilience, digital Future at FSI gala

Huawei Technologies, on Friday, December 12, hosted its Financial Services Industry (FSI) Gala Night in Nigeria, bringing together banking leaders, read more Huawei highlights Nigeria’s economic resilience, digital Future at FSI gala

Politics

68 h. ago UBA partners CIG Motors, LagRide to roll out $100m car loans

In a move set to redefine urban mobility and promote financial inclusion in Nigeria, United Bank for Africa (UBA) PLC read more UBA partners CIG Motors, LagRide to roll out $100m car loans

Transport

3 d. ago African Development Fund raises record $11bn in largest replenishment cycle

The African Development Fund (ADF), the concessional financing arm of the African Development Bank (AfDB), has mobilised a record $11 read more African Development Fund raises record $11bn in largest replenishment cycle

Politics

5 d. ago Dangote Appoints Former CBN Director Mahmud Hassan As Group Chief Economist

Dr Hassan brings more than 30 years of experience in economic policy formulation, financial sector regulation, and central banking. The post Dangote Appoints Former CBN Director Mahmud Hassan As Group Chief Economist appeared first on Channels Television.

Politics

5 d. ago CBN: Building sound, resilient banking sector as recapitalisation gains momentum

Nigeria’s banking system remains fundamentally stable, sound and resilient, a cornerstone of financial stability. At the same time, the Central read more CBN: Building sound, resilient banking sector as recapitalisation gains momentum

Politics

6 d. ago The Rise of Fintech in Africa: How Digital Payments are Changing the Landscape

Africa is experiencing one of the most exciting financial revolutions of the century—one driven not by traditional banks, but by technology. Over the past decade, the continent has rapidly embraced digital finance, transforming how people move money, run businesses, and participate in the global economy. What was once a region known for limited banking access […] The post The Rise of Fintech in Africa: How Digital Payments are Changing the Landscape appeared first on Information Nigeria.

Economics

7 d. ago EFCC: Malami Denies Ownership Of 46 Unlawful Bank Accounts, Link With Abacha Loot

Former Minister of Justice and Attorney General of the Federation, Abubakar Malami, has rejected the allegations by the Economic and Financial Crimes Commission (EFCC) of operating 46 unlawful bank accounts. According to his media aide, Bello Doka, Malami has no link with the loot of the late dictator Gen. Sani Abacha or has a hand […] The post EFCC: Malami Denies Ownership Of 46 Unlawful Bank Accounts, Link With Abacha Loot appeared first on Information Nigeria.

Politics

8 d. ago CBN, NCC to introduce unified short code for banking complaints

The Central Bank of Nigeria (CBN) has said it is partnering with the Nigerian Communications Commission (NCC) to create a unified short code that will allow bank customers to reach their financial institutions at any time, even without internet access.

Politics

1 week ago Kaduna’s Financial Inclusion Rises To 66%, Says Commissioner

The Kaduna State Commissioner of Finance, Ibrahim Tanko Mohammed, has declared that the state has sustained efforts to drive financial inclusion in major milestones. Mohammed hinted that bank account ownership increased by 20% in three years, adding more than 800,000 adults to the formal economy. Speaking in an interview with newsmen, the Commissioner said financial […]

Politics

1 week ago CBN pushes new financial inclusion strategy to power economic growth

Philip Ikeazor, the Central Bank of Nigeria’s Deputy Governor for Financial System Stability, said financial inclusion must remain a core read more CBN pushes new financial inclusion strategy to power economic growth

Politics

1 week ago Access Bank named Nigeria’s ‘Bank of the Year 2025’ in London

Access Bank has reinforced its standing as one of Nigeria’s most influential financial institutions after winning the prestigious ‘Bank of read more Access Bank named Nigeria’s ‘Bank of the Year 2025’ in London

Politics

1 week ago FCMB Group nine months profit rises 52 percent to N125.5bn despite FX losses

FCMB Group Plc has reported a strong financial performance for the first nine months of the year, posting a 52.3 percent rise in net profit to ₦125.5 billion, despite a reversal in foreign exchange (FX) gains that has weighed heavily on many Nigerian banks. The financial services group bucked the industry-wide trend of profit slowdown […]

Politics

1 week ago Coronation pushes project bonds to bridge infrastructure gap

Nigeria’s long-standing infrastructure deficit may finally find a scalable financing solution as Coronation Merchant Bank has called for the widespread adoption of project bonds to mobilise long-term private capital. In a new paper titled “Unlocking Capital for Infrastructure: The Case for Project Bonds in Nigeria,” Taiwo Olatunji,  Group Head of Investment Banking at Coronation Merchant […]

Politics

2 w. ago [ICYMI] Why it’s hard tracking bandits with technology — Presidential aide

A presidential aide explains why tracking bandits in Nigeria is hard, citing their use of foreign internet services like Starlink to evade security. Read More: https://punchng.com/why-its-hard-tracking-bandits-with-technology-presidential-aide/

Politics

2 w. ago I founded community bank in US to help minorities — Nigerian engineer, Ajimotokan

Meet Bolaji Ajimotokan, the Nigerian engineer who founded a community bank in the US to provide affordable financial services to minority communities. Read More: https://punchng.com/i-founded-community-bank-in-us-to-help-minorities-nigerian-engineer-ajimotokan/

Politics

2 w. ago It’s Hard Tracking Bandits With Technology Because They Use Internet Outside Nigeria — Daniel Bwala

Criminals’ use of foreign internet services makes it difficult for security agents to track bandits in Nigeria, Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has claimed. Bwala stated this while speaking in an interview with Nigeriainfofm, posted on their Instagram page on Friday. He explained that while security agencies can trace […] The post It’s Hard Tracking Bandits With Technology Because They Use Internet Outside Nigeria — Daniel Bwala appeared first on Information Nigeria.

Politics

2 w. ago Foreign Internet Services Complicating Tracking Of Bandits — Tinubu’s Aide

The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has said that criminals’ use of foreign internet services makes it difficult for Nigerian security agencies to track their locations and ovements. Bwala made this known in an interview with Nigeria Info FM, which was shared on the station’s Instagram page on Friday. […]

Politics