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…
CBN Raises Treasury Bills Rates, Allots N1.49 Trillion at Auction
The Central Bank of Nigeria (CBN) allotted N1.49 trillion at its Treasury Bills Primary Market Auction held on Wednesday, June 17, while increasing stop rates across all three tenors, reflecting…
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 Issues Addendum to BVN Framework: Introduces Temporary Watch-List, Age Restriction & One-Time Phone Number Amendment Rule
The Central Bank of Nigeria (CBN) has released a new addendum to its Revised Regulatory Framework for Bank Verification Number (BVN) operations and watch-list management, introducing stricter measures to combat…
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…
AGENCY BANKING POLICY RECOMMENDATION IN NIGERIA: EXCLUSIVITY OR NON-EXCLUSIVITY?
Fasasi Sarafadeen Posted 21st July 2025 Several conversations are ongoing on,which policy shifts are required to reform AGENT BANKING business in Nigeria. We all recall that Nigeria retail banking shifted…