CBN, financial system and regulatory balance
By ARIZE NWOBU The financial system is one of the major ‘engines’ which drives the economy towards achieving its growth potential. It is broadly segmented into the capital market and money market which consists of financial institutions, financial markets and products, operators and regulatory agencies. The capital market segment of the financial system mobilises long-term funds […]
SERAP sues CBN over alleged missing N3trn
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the missing or diverted N3 trillion of public funds, including the over N629 billion paid to ‘unknown beneficiaries’ as part of the Anchor Borrowers’ Programme.”
BOI breaks new ground as CBN approves non-interest banking window
The Bank of Industry, BOI, has taken a major step toward expanding ethical and inclusive financing in Nigeria following regulatory approval from the Central Bank of Nigeria, CBN, to operate a Non-Interest Banking, NIB, Window.
On CBN’s relentless quest to curb bank frauds
By ARIZE NWOBU The Central Bank of Nigeria, CBN, is in the forefront of a collaboration with other regulatory institutions to curb bank frauds and the results are manifest. Fraud losses fell to N25.85 billion from N52.26 billion in 2025, representing a 51 percent drop. Also reported cases dropped to 67, 518 from 70, 111, representing a […]
CBN fintech report signals next phase of Nigeria’s digital finance strategy
CBN has released its inaugural CBN Fintech Report, offering a clear, forward-looking view of Nigeria’s fintech ecosystem and the priorities
CBN upgrades Opay, Moniepoint, Palmpay, others to national licenses
The Central Bank of Nigeria (CBN) has upgraded the licenses of major FinTech companies and Microfinance Banks, including Opay and Moniepoint, to national status, allowing them to operate across the country following compliance with regulatory requirements.
