SERAP Drags CBN to Court Over ₦3tn Unaccounted Public Funds
ABUJA, Nigeria – The Socio-Economic Rights and Accountability Project (SERAP), on Sunday files a lawsuit against the Central Bank of Nigeria (CBN), accusing the…
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CBN
Appeal Court Orders CBN to Release ₦2.5bn to Sacked ABU Workers
ABUJA, Nigeria – Nigeria’s Court of Appeal orders the Central Bank of Nigeria (CBN) to immediately release ₦2.5 billion owed to 110 former Ahmadu…
Reps Summon Banks, Agencies Over Missing Agricultural Intervention Funds
ABUJA, Nigeria – Nigeria’s House of Representatives intensifies scrutiny of agricultural intervention programmes as lawmakers threaten to compel banks and government agencies that repeatedly…
CBN Grants National Licences to Fintechs, Tightens Consumer Protection
ABUJA, Nigeria – Nigeria’s Central Bank grants national operating licences to leading FinTech firms and microfinance banks, strengthening regulatory oversight and consumer protection as…
Sixteen Banks Meet CBN Capital Rules Ahead of 2026 Deadline
ABUJA, Nigeria – Sixteen Nigerian banks have already met the Central Bank of Nigeria (CBN) capital requirements, with about 100 days remaining before the…
SMEDAN Seeks CBN Licence, Targets One Million New Businesses
ABUJA, Nigeria – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it is seeking approval from the Central Bank of Nigeria…
CBN Revokes Licences of Aso, Union Homes Mortgage Banks
ABUJA, Nigeria – The Central Bank of Nigeria revokes the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans…
CBN Mandates Dual Connectivity for All PoS Transactions
Abuja, Nigeria – Nigeria’s central bank tightens oversight of electronic payments, mandating dual connectivity for all Point-of-Sale (PoS) terminals nationwide within one month. In…
Reps Erupt Over N16trn CBN Remittance Scandal
ABUJA, Nigeria – Nigeria’s House of Representatives descends into disorder over allegations that the Central Bank of Nigeria fails to remit about ₦16 trillion…
CAC Warns Fintechs as Illegal POS Crackdown Nears
ABUJA, Nigeria – Nigeria’s Corporate Affairs Commission, (CAC) places fintech companies under scrutiny, accusing some platforms of enabling illegal Point of Sale operations linked…