How mobile money interoperability changed the game of financial inclusion in Ghana
Since the Ghanaian government flagged off mobile money interoperability (MMI) in May, narrative in the financial inclusion space has changed for the better as every mobile phone owner now sends and receives money with ease across the networks. According to…
ABCON claims its partnership with CBN largely stabilized the naira
Whereas there seems to be a regime of forex stability even though exchange remained on the high side, the leadership of the Association of Bureaux De Change Operators of Nigeria (ABCON), has traced the observed strategic partnership between the Central…
Experts stand with Senate against hike in new minimum capital for MfBs
Even before the Senate Committee on Banking, Insurance and Other Financial Institutions expressed concern over the decision of the Central Bank of Nigeria (CBN) to increase the minimum capital base of micro finance banks (MFBs), industry experts have called for…
No sign of synergy yet between NCC, CBN on telco’s mobile money services
Though the Central Bank of Nigeria (CBN) had last disclosed that it has not only opened the window to allow telecoms to drive mobile money services, there has not been any form of corresponding information from the telecoms regulator, the…
7 days after, NCC, CBN still mute over Teleology’s takeover of 9Mobile
Apprehension and confusion can best be used to describe the situation of things in the last one week when the management of Teleology Holdings Limited (THL) issued a terse statement that the Nigerian Communications Commission (NCC) has handed over the…
Commercial banks’ emerging risks resilience appears to be receding, CBN warns
In view of incessant cyber attacks in commercial banks which had remained largely unreported in the last few years, the Central Bank of Nigeria (CBN) has warned financial institutions to be wary of emerging risks in the financial system. According…
MTN now closer to final resolution on CCI issue with CBN but…—Minister
Brighter chances are underway on the amicable resolution of the breaches bordering on Certificate of Capital Importation (CCI) by MTN Nigeria against the extant laws and regulations of the Central Bank of Nigeria (CBN), the Minister of Finance, Zainab Ahmed…
MTN depleting foreign reserves via illegal access to dollars, CBN tells court
Though yet to be proven, the Central Bank of Nigeria (CBN) in its counterclaim to the suit filed by MTN Nigeria over the recent sanction on transfer of $8.1bn without recourse to the official final approval for the Certificate of…
Confusion in Ghana as mobile money agents ask for insurance over rising risks
It has become clear that both cyber crimes and allied technology risks associated with mobile money marketing in developing economies are becoming unbearable for agents who serve as interface with customers directly. However, whereas the Central Bank of Nigeria (CBN)…
CBN begins redesign of regulations on cyber crimes, technological risks
Rising from observed exposure of financial institutions to cyber crimes and technology risks, the Central Bank of Nigeria (CBN) has started work on the redesign of regulatory templates on cyber crimes and associated risks. It would be recalled that from…
