Alternative payment channels, lifeline for rural, underserved communities — CBN
The Central Bank of Nigeria (CBN) has described alternative payment systems as a vital lifeline for rural populations and underserved communities across the country.
CBN rolls out baseline standards for automated AML solutions
The Central Bank of Nigeria, CBN, in a bid to encourage financial institutions’ adoption of emerging technologies to enhance the detection and reporting of suspicious transactions in real time, has rolled out a draft Baseline Standards for Automated Anti Money Laundering, AML, Solutions.
Why we retained interest rate at 27.5% – CBN
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate at 27.50 per cent for the second consecutive time in 2025.
Naira Abuse: Repeal CBN’s Section 21, Act 2007, Adeyanju tells NASS
HUMAN rights lawyer and activist, Deji Adeyanju, Friday, called on the National Assembly to repeal Section 21, Central Bank of Nigeria (CBN) Act, 2007 on abuse of the Naira.
CBN launches diaspora BVN platform
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has officially launched the Non-Resident Bank Verification Number (NRBVN) platform.
Disclose any payment to local govts, explain why Rivers councils are paid, SERAP tells CBN
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso to “immediately disclose whether the bank has commenced the direct disbursement of allocations to the 774 local government councils in Nigeria from the Federation Account with the CBN and to widely publish the amounts, if any, so far directly sent to each of the councils.”
