Unveiling the Real Beneficiaries of CBN’s Recapitalisation Exercise, by Rahma Olamide Oladosu   Widely hailed as a landmark achievement, the banking recapitalisation exercise has captured the attention of policymakers, investors, and financial observers alike. Trillions of naira have been raised, capital thresholds have been successfully met,...

Banks, Telcos Settle N300bn USSD Debt Dispute After 4 Years   Banks and telecommunications operators in Nigeria have ended a four-year dispute over nearly N300bn owed for Unstructured Supplementary Service Data services, with the debt now fully cleared, the Association of Licensed Telecommunications Operators of Nigeria...

Banks Using Unaccredited Cheque Printers Risk N10m Fine - CBN   Deposit Money Banks risk a N10m fine and withdrawal of cheques from circulation if they engage unaccredited cheque printers, the Central Bank of Nigeria (CBN) has said. The apex bank disclosed this in a circular dated...

Bank Customers' Complaints Rise by 143% as CBN Resolves 9,771 Cases   The Central Bank of Nigeria (CBN) said it resolved 9,771 out of 10,704 bank customers’ complaints in the first half of the year (H1’25). CBN disclosed this in its latest Financial Stability Report, noting that...

20 Banks Meet Capital Requirement Ahead of Recapitalisation Deadline   The Central Bank of Nigeria (CBN) has said that about 20 deposit money banks have already met the new capital requirements under the ongoing banking recapitalisation programme, as the apex bank shifts focus toward ensuring that...

Telcos, Banks Get March Ultimatum on Airtime Refunds   Banks and telecommunications operators in Nigeria have been given a March 1, 2026, deadline to fully implement a new refund framework aimed at resolving persistent consumer complaints over failed airtime and data transactions. The deadline follows the conclusion...