CBN Revokes Operating Licences of 46 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs) with effect from July 1, 2026, citing their failure to meet regulatory requirements. In…
BUSINESS UPDATE: Banks, Customers Lost ₦134.48bn to Fraud in 6 Years – CBN Report
Banks and their customers in Nigeria lost a total of ₦134.48 billion to various forms of fraud between 2020 and 2025, even as the country witnessed rapid growth in digital…
Zenith Bank Launches Subsidiary in Côte d’Ivoire, Deepens Footprint in Francophone West Africa
Zenith Bank Plc has officially launched its subsidiary in Côte d’Ivoire, marking a major milestone in its pan-African expansion strategy and its entry into Francophone West Africa. The new entity,…
33 Banks Raise N4.65tn as CBN Recapitalisation Programme Ends Successfully – Cardoso Hails Stronger, More Resilient Financial System
The Central Bank of Nigeria (CBN) on Wednesday announced that 33 banks have fully met the new minimum capital requirements under its recapitalisation programme, raising a combined N4.65 trillion to…
CBN Warns Banking Customers: Never Share PINs, Passwords or Sensitive Details – Even With Those Claiming to Be Bank Officials
The Central Bank of Nigeria (CBN) has issued a strong public alert urging bank customers to safeguard their financial information amid rising cases of fraud and scams during Global Money…
CBN Cuts Monetary Policy Rate by 50 Basis Points to 26.50% in February 2026 MPC Meeting
The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points from 27.00% to 26.50%, the Monetary Policy Committee (MPC) announced at the end…
CBN Governor Cardoso Reaffirms Commitment to Macroeconomic Stability, Fortifying Banking Sector
By Ed Malik, A | ed@ddnewsonline.com | posted 8th September, 2025 The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has restated the apex bank’s resolve to…
POS Agents Aggregator Body, PAAIAN Gives Cautionary Response to CBN’s 10-Metre PoS Agent Policy
By Ed Malik, A | ed@ddnewsonline.com | posted 4th September, 2025 The POS Agents Aggregator Innovation Association of Nigeria (PAAIAN) have weighed in on the recent circular from the Central…
FG Lauds Moniepoint, Commits to Boost Fintech Development
By Ed Malik, A | ed@ddnewsonline.com | posted november 27th, 2024 The Federal Government has commended Monie-point Inc., recognized as Africa’s fastest-growing financial institution, for its remarkable achievements in the…
Zenith Bank’s Digital Disruption Persists Amidst Customers’ Anxiety
By Ed Malik, A | ed@ddnewsonline.com | posted Ocotober 7th, 2024 Zenith Bank has been facing significant digital service disruptions recently, which have caused frustration among its customers. Although the…