CBN Removes Cash Deposit Limits, Raises Withdrawal Cap
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
Category : Search result: banking regulations
16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline
CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.
UBA MD: Bank Credit is Not a Gift, Must Be Repaid
UBA MD Oliver Alawuba cautions Nigerians to treat loans responsibly as bank lending hits N46.7 trillion. CIBN also addresses 'Japa' impact with new fund. Read more.
Top 10 Nigerian Banks by Mobile App Downloads
Access Bank, First Bank, and UBA lead with over 10 million downloads each. Discover the full ranking of Nigeria's most downloaded banking apps and their ratings. #DigitalBanking #Fintech
Complete MTN Recharge Guide for Nigeria Users
Learn multiple ways to recharge your MTN line in Nigeria using USSD codes, mobile apps, ATMs and online platforms. Quick and easy airtime top-up methods explained.
Banker Transforms Nigerian Finance with Data-Driven Empathy
Discover how banker Ozovehe Peter Otohinoyi is redefining Nigerian finance by combining statistics with human stories, achieving 200% revenue growth and empowering women entrepreneurs in Sokoto.
Banker Uses Statistics to Drive Financial Inclusion in Nigeria
Discover how banker Ozovehe Peter Otohinoyi is revolutionizing Nigerian finance by treating data as human stories, achieving 200% revenue growth and empowering women entrepreneurs.
First HoldCo Sells FBNQuest to EverQuest in Banking Deal
First Bank's parent company completes sale of FBNQuest Merchant Bank to EverQuest Acquisition LLP, marking significant restructuring in Nigeria's banking sector. Learn the details.
CBN Orders Banks To Withdraw Misleading Adverts
The Central Bank of Nigeria has ordered all banks to withdraw misleading advertisements. New rules require pre-approval notifications and compliance attestations to protect consumers.
Bank78 MFB: Nigeria's First Private Digital Bank Launches
Bank78 MFB launches as Nigeria's first fully private digital bank, offering premium banking experience for mass-affluent Nigerians. Licensed by CBN and insured by NDIC.
16 Banks Meet CBN Recapitalisation Target
CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.
CAF Introduces New AFCON 2025 Regulations
CAF reveals 4 new regulations for AFCON 2025 including expanded squad sizes and early player release dates. Get all the details about the Morocco tournament.
CBN to ban serial bounced cheque issuers for 5 years
CBN proposes 5-year ban for serial dud cheque offenders to restore confidence in Nigeria's payment system. Stakeholders have 3 weeks for feedback.
CBN Proposes 5-Year Ban for Dud Cheque Offenders
Nigeria's Central Bank plans five-year banking restrictions for customers issuing bounced cheques three times. Banks face heavy fines for non-compliance. Read details.
PalmPay USSD Codes Guide: Transfer & Balance Check
Learn all PalmPay USSD codes for account opening, balance checking, money transfers and bill payments without internet. Complete 2024 guide for Nigerian users.
Union Bank Save & Gain: Win ₦5 Million & Cash Prizes
Union Bank's new Save & Gain campaign rewards customers with cash prizes up to ₦5 million for maintaining accounts and using digital channels. Learn how to participate.
Lagos demolishes illegal buildings in Ikate Elegushi
Lagos State Government intensifies demolition of illegal structures in Ikate Elegushi and Lekki-Ikoyi axis. Officials warn property owners against violating building regulations.
Building Collapse Crisis in Nigeria: The Deadly Cost
Investigating Nigeria's building collapse epidemic. From Ebute-Metta to Lagos Island, discover why structures fail and what must change to prevent more tragedies. Take action now!
Man's N1.3m Loan App Credit Score Stirs Reactions
A Nigerian man's display of his over N1.3 million credit score on a loan app has generated mixed reactions online, with many warning it's a trap. Discover the full story.
GrabrFi Offers US Bank Accounts to Nigerian Freelancers
Nigerian freelancers and professionals can now open US bank accounts with GrabrFi to receive USD payments without fees, avoid currency devaluation, and access global financial tools for their borderless careers.
POS Agent Mistakenly Debits N257k Instead of N25,700
A Nigerian man received N257,000 debit alert instead of N25,700 from POS operator. Discover the unexpected reaction and why this story went viral. Watch the video now!
CBN Warns Against Illegal Zuldal Microfinance Bank
Central Bank of Nigeria exposes Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kano, and Kaduna. Verify financial institutions on CBN website before banking.
NCAA fines Qatar Airways N5 million for violations
Nigeria's aviation authority imposes N5 million fine on Qatar Airways for repeated consumer protection breaches and failure to respond to investigation letters. Learn more about the regulatory action.
EU Delays Deforestation Rules to 2026 After Opposition
EU member states approve one-year delay to anti-deforestation regulations, pushing implementation to end of 2026 amid business concerns. Environmental groups condemn the move.
Zenith Bank to Acquire Paramount Bank in Kenya
Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.
AIHN Honors Resilient Nigerian Companies Amid Challenges
Association of Issuing Houses of Nigeria recognizes companies thriving despite economic headwinds. See award winners and market outlook for 2025.
Opay USSD Codes Guide: All Banking Services via *955#
Learn how to use Opay USSD code *955# for banking without internet. Complete guide for transfers, balance checks, data purchase and account activation in Nigeria.
CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
EU Votes to Weaken Green Business Sustainability Rules
European lawmakers vote to scale back corporate sustainability rules, reducing company obligations on environmental and human rights due diligence. Key changes expected to pass.
Naira Visa Cards Boost Cross-Border Spending Confidence
Nigerians can now spend globally with confidence using Naira Visa cards. Secure transactions, fraud protection, and seamless payments for education, business, and travel needs.
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