Search results for Cbn Fintech Regulation Nigeria

CBN commences pilot programme on Flutterwave, Paystack, others to strengthen virtual asset oversight

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...

Why CBN Is Engaging Virtual Asset Firms

   Nume Ekeghe writes on the Central Bank of Nigeria’s quiet but strategic engagement with virtual asset service providers, and how the move is aimed at strengthening financial sys...

Central Bank of Nigeria Selects Six Entities for New Virtual Asset Pilot

The Nigerian central bank has launched a pilot program to supervise anti‑money laundering and counter‑terrorism financing compliance among crypto and fintech firms. Six VASPs Tappe...

CBN introduces age limit, Phone change rules for BVN holders

This approach is designed to help banks quickly detect potential fraud while giving customers an opportunity to clarify any issues.

Court suspends enforcement of key regulations aimed against digital loan predation

The court issued the interim restraining order against FCCPC following some Nigerian fintechs' challenge of the regulations. The post Court suspends enforcement of key regulations...

CBK Releases Notice on Approved Digital Loan Providers

Licensed DCPs are required to comply with CBK regulations on data confidentiality, full cost disclosure, fair debt collection practices, restrictions on credit listing, and anti–mo...

No Ban on Airtime Loans, Blame Firms for Disruptions- FCCPC

Nigeria’s consumer watchdog, the Federal Competition and Consumer Protection Commission (FCCPC), has defended its controversial lending rules, insisting recent service disruptions...

CBN extends PoS geo-fencing deadline

The Central Bank of Nigeria has extended the enforcem

Cybersecurity: Nigerian banks face tight CBN deadline

The Central Bank of Nigeria (CBN) has issued a strict directive to banks and other financial institutions, requiring them to complete a cybersecurity self-assessment within a speci...

Court affirms CBN’s sole ownership of eNaira platform

Court Bars Company From Using “eNaira” Name in Landmark Trademark Ruling

A Federal High Court in Abuja has issued a strong ruling preventing a company from claiming rights over the “eNaira” trademark, marking a significant legal victory for the Central...

CBN moves to simplify bank alerts amid rising customer complaints

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.

Amid Emerging Complexity in Digital Financial Ecosystem, CBN, NCC Seal MoU to Safeguard Consumers

• Cardoso: agreement not merely administrative document, but practical statement of national interest, inaugurates committees to operationalise MoU • Maida: with this handshake, co...

Flutterwave Secures Banking Licence in Nigeria, Expands Into Full-Service Financial Infrastructure

Flutterwave has secured banking licence in Nigeria and expanded into full-service financial infrastructure. NewsOnline Nigeria reports that Flutterwave has announced that it has ob...

Nigeria: Financial Institutions Race to Meet CBN Deadline On New Cyber-Security Standard

[Vanguard] Nigeria's financial institutions are fighting to meet the deadline of June 10, 2026 set by the Central Bank of Nigeria, CBN, for onboarding to a new cyber-security basel...

CBN: Union, Keystone, Polaris Banks Will Meet Capital Threshold, Actively Raising Funds

• 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...

Banks, fintechs flag 82,143 transactions in one year – Report

Nigerian banks and fintechs flagged over 82,000 suspicious transactions in 2024, according to an NFIU report, highlighting intensified efforts against mone Read More: https://punc...

CBN Introduces New BVN Rules: One-Time Phone Change, Fraud Watchlist, Stricter Access (FULL LIST)

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...

FinTech Alliance.PH backs transfer of OLP oversight to central bank

FINTECH Alliance.PH is backing the proposed transfer of oversight of online lending platforms (OLP) to the Bangko Sentral ng Pilipinas (BSP) from the Securities and Exchange Commis...

Financial inclusion in Nigeria has accelerated thanks to betting and fintech

The development of digital banking and fintech in Nigeria has turned betting into one of the country’s notable economic drivers. At the same time, betting platforms have become a g...

CBK Issues Update on Approved Digital Lenders

More than 800 firms are seeking entry into the fast-growing sector amid tough economic times that have pushed many households to rely on borrowing for survival rather than for capi...

CBN extends PoS geo-fencing metre, compliance deadline

In its circular on Friday, the CBN also directed all affected institutions to provide evidence of compliance ahead of the new enforcement deadline, 31 July. The post

SEC outlines new crypto and fintech regulatory approach

Ghana’s securities regulator has moved to clarify the country’s stance on virtual assets and digital finance, signalling a tighter but innovation-friendly regulatory regime as the...

Cyber Alert: Central Bank of Nigeria Warns Nigerians Over Surge in Fake Emails Targeting Bank Accounts

The Central Bank of Nigeria (CBN) has raised alarm over a growing wave of fraudulent emails, messages, and online communications designed to deceive Nigerians and compromise person...