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: financial regulation Nigeria
CBN Prioritises Digital Payments, Financial Inclusion for 2026
CBN Governor Olayemi Cardoso outlines 2026 agenda focusing on payment system upgrades, digital finance expansion, and deeper financial inclusion for all Nigerians. Read the full plan.
Legal Experts Push for Stronger African Privacy Laws
At the 7th Privacy Symposium Africa in Lagos, experts called for robust data protection laws, enforcement, and ethical tech to safeguard vulnerable groups, especially children, in the digital age.
OPay Addresses Viral Shutdown Rumors in Nigeria
OPay dismisses social media rumors about shutting down operations in Nigeria. The fintech company confirms customer funds remain safe and accessible under CBN regulation.
Court Dismisses Binance Executive's Detention Suit
A Federal High Court in Abuja dismisses Tigran Gambaryan's rights suit against NSA and EFCC detention. Judge rules it obstructs criminal probe into Binance. Full details inside.
EFCC Invites Former AGF Malami for Questioning
Former Attorney General Abubakar Malami summoned by EFCC for mandatory questioning over financial matters. Malami pledges cooperation with anti-graft agency investigation.
NICA Hosts Credit Conference & Awards in Lagos
The National Institute of Credit Administration hosted its 2025 Credit Managers conference and 10th Annual Nigeria Credit Industry Awards in Lagos to strengthen Nigeria's credit system.
EU Could Fine Elon Musk's X Platform by 2025 End
The European Union may impose a fine on Elon Musk's X platform for violating digital content rules by end of 2025. Discover how this landmark case tests EU's tech regulation power.
House Committee Warns of Digital Payment Vulnerabilities
A House of Representatives committee reveals alarming cybersecurity gaps in Nigeria's digital payment systems, exposing citizens to fraud and national security risks. Learn how to protect your finances.
Commission Seeks Regulation to Protect Nigerians
The Nigeria Law Reform Commission calls for strong regulations to protect citizens from medical negligence and harmful religious practices. Read more on the urgent need for reform.
OPay bags double honours for organisational excellence
OPay, Nigeria's top fintech firm, secures two major awards for financial crime prevention and governance, reinforcing its commitment to a secure digital finance ecosystem for millions.
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.
Nigerian lawmakers investigate rising POS fraud cases
House of Representatives investigates escalating POS fraud reaching N52.26bn. Committee reveals security breaches, cloned terminals, and urgent need for regulatory framework. #POSFraud #FinancialSecurity
Reps Committee Raises Alarm Over POS Fraud
House of Representatives committee warns of rising POS fraud and unlicensed crypto dealings by operators. Investigation reveals security gaps and regulatory breaches in Nigeria's fintech sector.
Wesley University Reduces Tuition Fees
Wesley University in Ondo slashes tuition fees for the 2025/2026 session to ease the financial burden on students and parents, ensuring access to quality education.
Digital Rights Bill: Stakeholders Focus on Minors' Safety
Stakeholders in Lagos discuss Nigeria's Digital Rights and Freedom Bill, emphasizing minors' protection and balancing national security with human rights in digital spaces.
Fake Microfinance Bank Exposed by CBN in Nigeria
CBN warns Nigerians against Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kaduna, and Kano. Verify licensed MFBs before transactions.
Shein clothes break EU chemical rules - Greenpeace
Greenpeace investigation reveals Shein clothing contains dangerous chemicals above EU safety limits. The fast-fashion giant withdraws items globally. Read more.
EU Bans 'Sustainable' Label for Fossil Fuels
The EU moves to stop fossil fuel investments from being labelled 'sustainable'. Learn how this new three-tier system aims to combat greenwashing and protect investors.
NCAA fines Qatar Airways N5m, warns AirMaroc, Saudi Air
Nigeria Civil Aviation Authority imposes N5 million fine on Qatar Airways for consumer protection violations. Airline faces sanctions over passenger mistreatment case. Royal Air Maroc and Saudi Air also warned.
Why giving your sister huge money can destroy her marriage
A Nigerian tailor warns that giving large financial gifts to married sisters can damage their relationships. Learn why financial dynamics matter in Nigerian families.
FG suspends NIHOTOUR activities, reviews tourism rules
Federal Government halts NIHOTOUR enforcement nationwide pending regulatory review. Minister Hannatu Musawa acts on industry complaints about heavy-handed operations. Full details on the tourism sector shake-up.
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.
Local Refiners Demand Crude Price Regulation in Nigeria
Nigerian petroleum refiners urge government intervention on crude oil pricing and supply challenges. CORAN seeks regulatory protection to compete against importers.
Bangladesh Liquor Industry Thrives in Muslim Nation
Carew and Co, Bangladesh's only licensed distillery, reports record $10M profit despite operating in Muslim-majority country. Alcohol sales restricted to permit holders.
Man: Don't Marry for Love If You're Poor
A Nigerian man's viral advice urges people from poor backgrounds to view marriage strategically, not just emotionally. His statement sparks major online debate.
Lady Displays ₦214,000 Loan App Debt, Seeks Help
A Nigerian TikTok user shares her ₦214,000 debt struggle with loan apps, tracing financial woes back to 2020. Discover her story and similar experiences.
UN Warns of Tech Giants' Dangerous Power Concentration
UN human rights chief Volker Turk expresses grave concern over tech giants' immense power and unregulated AI threatening global democracy. Learn why regulation is urgently needed.
Senate Orders Sachet Alcohol Ban by Dec 31
Nigeria's Senate mandates NAFDAC to enforce nationwide prohibition of sachet alcoholic beverages, citing youth protection and public health concerns. Full implementation deadline set for year-end.
Nigerian Stock Market Plunges Amid Economic Worries
Nigeria's financial markets experience significant downturn as rising interest rates, inflation fears, and job market instability spook investors. Key indices drop amid growing economic uncertainty.
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