CBN

Consumers of banking services in Nigeria are facing escalating frustrations as complaints surged by a staggering 143% in 2025, according to new data published by the Central Bank of Nigeria (CBN). The number of reported grievances…

As part of their Joint efforts to address cases where Nigerian customers are debited for failed airtime and data transactions without receiving value, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria…

The Central Bank of Nigeria (CBN) has mandated Domestic Systemically Important Banks (DSIBs) to get approval for new Managing Directors/Chief Executive Officers (MD/CEOs) and other top executives at least six months before the…

More mergers to create mega financial brands are expected in the near future, as only six commercial banks have so far met the stringent new capital thresholds set by the Central Bank of Nigeria (CBN) out of the 13 listed on the…

Nine Deposit Money Banks (DMBs) have been sanctioned with a fine of N150 million each by the Central Bank of Nigeria (CBN) for failing to dispense cash via Automated Teller Machines (ATMs) during the festive season. …

The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) have directed Deposit Money Banks (DMBs) and Mobile Network Operators (MNOs) to settle a protracted N250 billion debt dispute over Unstructured…

In a shocking move that has sent shockwaves through Nigeria's financial sector, the Central Bank of Nigeria (CBN) announced today that it has revoked the banking license of Heritage Bank Plc with immediate effect. The apex bank…

The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has said that commercial banks across the country have the capabilities to meet the recent recapitalization directives of the Central Bank of…

Commercial banks across the country have requested that the Central Bank of Nigeria (CBN) give clear directives on how to handle retained earnings in the recapitalisation of banks. This request came as implementation commences in a…

The Central Bank of Nigeria (CBN) has issued a directive to banks to restrict over 70 million accounts without Bank Verification Numbers and National Identification Numbers, effective from March 1, 2024. This was revealed in a…