Tag: CBN

CBN Tightens Grip: Banks Face Stricter AML Compliance

In a bid to fortify Nigeria’s financial bulwark, the Central Bank of…

Genesis Obong

Local Government Autonomy: Legal Hurdles Stall Direct LGA Allocations as Account Submission Process Lags

The long-awaited implementation of local government autonomy, as mandated by the Supreme…

Genesis Obong

SERAP Calls on President Tinubu to Halt CBN’s ATM Fee Hike Amid Ongoing Court Case

The Socio-Economic Rights and Accountability Project (SERAP), a non-profit organization, has called…

Oluwadara Akingbohungbe

Banks and Fintechs Under Fire: NIBSS Alleges Blatant Disregard for Withdrawal Limits, Fueling Fraud Surge

A stark revelation from the Nigeria Inter-Bank Settlement System (NIBSS) has cast…

Genesis Obong

Loan App Surge: 380 Lenders Approved, Consumer Fears Grow

The landscape of digital lending in Nigeria is undergoing a dramatic transformation,…

Genesis Obong

Consumer Credit Surge: Nigerians Borrowing Hits N4.42 Trillion

In a notable economic shift, Nigeria's consumer credit outstanding surged by a…

Genesis Obong

ICYMI: Dormant Accounts Surge, Millions in Limbo Amid CBN Scrutiny

A staggering 19.69 million bank accounts in Nigeria now lie dormant, a…

Genesis Obong

Money Supply Soars to N110.98 Trillion, Raising Inflation Concerns

The latest figures from Nigeria paint a concerning picture. The nation's broad…

Genesis Obong