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James Emejo in Abuja The Central Bank of Nigeria (CBN) has increased the cost of issuing and replacing Automated Teller Machine (ATM) debit and credit cards by 50 per cent,
CBN has raised ATM card issuance fee to ₦1,500 and scrapped monthly maintenance charges.  NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) has increased the co...
CBN increases ATM card issuance fee to N1,500 as it scraps maintenance charge The Central Bank of Nigeria has increased the fee for the issuance or replacement of debit and credit...
The Central Bank of Nigeria has increased the fee for the issuance or replacement of debit and credit cards from 1,000 to 1,500 as part of a re
Nigerian bank consumers have reacted to the kickoff of the new bank charges regime in line with the Central Bank of Nigeria’s directive. Recall the apex bank in a circular released...
The Central Bank of Nigeria (CBN) and commercial banks are reviewing the large number of transaction alerts sent to customers and the complaints about bank charges.
Affordable, widely accepted, and built for everyday spending, the Naira Visa Debit Card brings electronic payments within reach for millions of Nigerians. The post FirstBank and Vi...
According to Mr Cardoso, the apex bank recorded an average daily turnover of about $100 million in late 2023 when he assumed office, but the figure has now increased significantly...
The decision comes after the central bank earlier reduced the Monetary Policy Rate (MPR) by 50 basis points in February, bringing it down from 27 per cent, a level it had held stea...
• Urges customers not to fret, continue regular transactions •Apex bank sets up payments committee to fast-track industry reforms •NCC, NDIC, SEC are key committee members Nume E...
This approach is designed to help banks quickly detect potential fraud while giving customers an opportunity to clarify any issues.
• Banks now well-positioned to support economic growth, withstand domestic, external shocks, says Cardoso • Declares all banks fully operational to customers •Reveals 72.55% of ca...
The fee increase previously faced from the High Court over the Ksh50 initial charge last year, with the government saying eCitizen collections hit Ksh1 billion daily last year.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, maintaining the benchmark interest rate at its...
Nigeria’s Central Bank is slowing down plans for further interest rate reductions as global inflation concerns and economic uncertainty continue to shape monetary policy decisions....
CBN said 72.55 per cent of capital was sourced locally and 27.45 per cent from international markets, a development it said reflected sustained confidence in the Nigerian banking s...
FirstBank has partnered with Visa to launch a new Naira Visa Debit Card aimed at expanding access to electronic payments and accelerating Nigeria’s transition toward a cashless eco...
The Central Bank of Nigeria has extended the enforcem
CBN has introduced new BVN rules effective May 1st such as one-time phone change, fraud watchlist and stricter access among others. Recent reports circulating on social media about...
The Central Bank of Nigeria has warned lenders against taking on excessive risk following the completion of the banking sector recapitalization program, urging a stronger focus on...
Nigeria’s foreign exchange market showed greater stability in April 2026 as the naira strengthened against the United States dollar, supported by aggressive liquidity-control measu...
Kayode Tokede Despite a marginal easing of monetary policy by the Central Bank of Nigeria (CBN), five leading banks generated a combined N9.88 trillion in interest income in 2025,...
According to the apex bank, the pilot forms part of the Bank’s risk-based supervisory programme and supports ongoing efforts to strengthen financial system stability and market int...
The CBN stated that the programme recorded strong participation from both domestic and international investors, with 72.55 per cent of capital sourced locally and 27.45 per cent fr...
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