CBN indicts FG, banks’ over observed failure in deepening financial inclusion
At a time financial inclusion penetration is seemingly weak, the Central Bank of Nigeria (CBN) has listed factors that suggest failures on the side of the federal government and commercial banks as key reasons for the low feat. In his…
2017 NeFF Annual Report reveals rising ATM related fraud, drop in across counter
The 2017 NeFF Annual Report unveiled in Lagos weekend by the Central Bank of Nigeria (CBN), has shown that while the value of fraud perpetrated across counter has been on the decline over the last three years, those on Automated…
Why CBN pegged daily money transfer via mobile phones at N100,000
Fresh details weekend, emerged on why the Central Bank of Nigeria (CBN) has set the maximum amount a bank customer can transfer via mobile phones using shortcodes at N100,000 in a day. A terse statement signed by Director, Banking and…
Is it that Buhari encouraged NNPC to breach TSA as a minister?
Next week Wednesday may be rowdy during the seating of the House of Representatives ad hoc Committee probing NNPC on the implementation of the Treasury Single Account (TSA) policy. This stemmed from the confirmation by the Committee on Tuesday that…
Soon, use of ATM pin codes’ll give way for finger-prints, biometrics—CBN
In keeping with its renewed fight against electronic fraud, rampant losses or trapping of automated teller machine (ATM) cards, a new vista is being plotted by the Central Bank of Nigeria (CBN) to tame the tide of infractions and theft….
CBN, ACAEBIN team up to fight rising cybercrime in financial sub sector
As part of joint efforts to combat the spate of cybercrime and improve digital banking in the country, the Central Bank of Nigeria (CBN) and the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) are working on a…
Retired CBN official unveils why cashless policy in 30 states was suspended after takeoff
It would have amounted to double tragedy in the face of the excruciating economic pains caused by recession and height of insensitivity on the side of the Central Bank of Nigeria (CBN) if it had gone ahead with the Cashless…
