2 d. ago CBN, banks expand payment frontiers with naira card usage abroad

Nigerian banks last week resumed international usage of naira debit cards, setting various spending limits as foreign exchange (FX) conditions read more CBN, banks expand payment frontiers with naira card usage abroad

Politics

3 d. ago Group Threatens To Withdraw Support For Tinubu Over Withheld Osun Council Funds

Osun Leaders of Thought, a sociopolitical group, has threatened to withdraw its support for President Bola Tinubu if he fails to release the withheld local government allocation, and recognise elected local government officials. According to the group, Osun residents are angry with the presidency, federal government, and the ruling All Progressives Congress (APC) for withholding […]

Politics

9 d. ago How CBN’s regulatory reforms have transformed Nigeria’s instant payment system

Tribune Online How CBN’s regulatory reforms have transformed Nigeria’s instant payment system By Ayobami Oyalowo IN the past decade, Nigeria has emerged as a continental leader in digital payments, boasting one of the most dynamic and fastest-growing instant payment systems in the world. At the core of this transformation is the Central Bank of Nigeria’s (CBN) forward-looking regulatory strategy, especially its Payments System Vision 2025 (PSV2025) which […] How CBN’s regulatory reforms have transformed Nigeria’s instant payment system Tribune Online

Politics

2 w. ago SAN slams FG’s decision to send Osun LG allocations to APC secretariat, warns against subversion of court rulings

Tribune Online SAN slams FG’s decision to send Osun LG allocations to APC secretariat, warns against subversion of court rulings •As NULGE tasks Tinubu, others to obey latest Appeal Court judgment A Senior Advocate of Nigeria, Mr Musibau Adetunbi, has raised the alarm over what he described as an unconstitutional decision by some Federal Government officials to divert local government funds in Osun State for the use of the All Progressives Congress (APC). Adetunbi, who […] SAN slams FG’s decision to send Osun LG allocations to APC secretariat, warns against subversion of court rulings Tribune Online

Events

2 w. ago NULGE threatens action over Osun LG funds, faults FG on Supreme Court ruling

From Adanna Nnamani, Abuja The Nigeria Union of Local Government Employees (NULGE) has expressed concern over what it described as a deliberate plot to hijack Local Government funds in Osun State, warning of possible action if impostors are allowed to operate Local Government accounts. President General of the union, Aliyu Kankara, said this on Wednesday […] The post NULGE threatens action over Osun LG funds, faults FG on Supreme Court ruling appeared first on The Sun Nigeria.

Events

2 w. ago Osun: 1,700 cocoa farmers secure TGI financial support to boost production

From Okwe Obi, Abuja No fewer than 1,700 cocoa farmers in 90 communities in Osun State have secured financial support from Tropical General Investments (TGI) Group, to boost production. The Head of Sustainabity of TGI Group, Yosola Ononuga, in a statement yesterday, explained that the undisclosed funds was channeled through the Osun Financial Inclusion Drive […] The post Osun: 1,700 cocoa farmers secure TGI financial support to boost production appeared first on The Sun Nigeria.

Politics

3 w. ago AML/CFT regimes: CBN tightens compliance obligations of financial institutions

On April 17, 2025, the Central Bank of Nigeria (CBN), through a letter referenced CMD/DIR/PUB/LTI/001/001, reminded all banks, payment service read more AML/CFT regimes: CBN tightens compliance obligations of financial institutions

Politics

3 w. ago NULGE suspects diversion, warns CBN against payment of Osun LG funds

The Osun State chapter of Nigeria Union of Local Government Employees (NULGE) has warned the Central Bank of Nigeria (CBN) read more NULGE suspects diversion, warns CBN against payment of Osun LG funds

Events

3 w. ago Telcos back new USSD rules as CBN, NCC resolve payment gridlock

By Chinenye Anuforo chinenyeanuforo@gmail.com    The Association of Licensed Telecommunications Companies of Nigeria (ALTON) has thrown its weight behind the new USSD billing policy End User Billing (EUB) introduced by the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN). The policy, which mandates direct deduction of Unstructured Supplementary Service Data (USSD) service […] The post Telcos back new USSD rules as CBN, NCC resolve payment gridlock appeared first on The Sun Nigeria.

Politics

3 w. ago CBN halts banks’ dividend payments, bonuses, foreign investments amid regulatory review

CBN has directed banks to temporarily suspend the payment of dividends to shareholders, defer the payment of bonuses to directors. read more CBN halts banks’ dividend payments, bonuses, foreign investments amid regulatory review

Politics

3 w. ago CBN halts profit sharing, overseas investments for banks under special support

The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under regulatory forbearance. This is part of a strategy to reinforce financial discipline and protect the stability of the banking sector. The directive affects only those banks that are receiving temporary regulatory relief, commonly […] The post CBN halts profit sharing, overseas investments for banks under special support appeared first on The Sun Nigeria.

Politics

last month NDIC begins payment of liquidation dividends to Premier Commercial Bank creditors after 25 years

From Adanna Nnamani, Abuja Two and a half decades after Premier Commercial Bank was shut down, the Nigeria Deposit Insurance Corporation (NDIC) has officially commenced payment of liquidation dividends to the bank’s verified creditors. Premier Commercial Bank, once a functioning financial institution, had its operating license revoked by the Central Bank of Nigeria (CBN) in […] The post NDIC begins payment of liquidation dividends to Premier Commercial Bank creditors after 25 years appeared first on The Sun Nigeria.

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