USSD Debt: Telcos to Gain Direct Access to Funds  Telecom subscribers, banks, and network operators have agreed to a new billing framework that allows telecom companies direct access to revenue generated from USSD services. The arrangement, approved by the Nigerian Communications Commission (NCC) and the Central...

CBN Gives 12-month Deadline for New Anti-money Laundering Standards The Central Bank of Nigeria has issued a draft framework aimed at modernising anti-money laundering practices across the country’s financial system through the adoption of intelligent, automated solutions. In a circular dated May 20, 2025, and addressed...

Cardoso’s Shock Therapy: Why Nigeria Needs These Reforms, by Rahma Olamide Oladosu   By any measure, Nigeria’s financial system has been walking a tightrope for years. A mix of weak oversight, economic volatility, and historical lapses in governance has created an environment ripe for instability. But under...

CBN Mandates Banks to Strengthen Sanctions Compliance Measures   The Central Bank of Nigeria (CBN) has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their sanctions compliance frameworks or face enforcement actions. In a circular dated April 17,...

Eight Things to Know About Cybersecurity in Nigeria: Staying Safe in a Digital World By Hajara Bisola Abdullahi As digital transactions become more common in Nigeria, the risk of cyber threats, particularly card theft, is rising. Here are eight key points to help you understand and...

Banks Borrow N1.2trn From CBN in One Day Amid Liquidity Pressure   Owing to liquidity challenge, Nigerian Deposit Money Banks (DMBs) have made the largest single withdrawal of N1.2 trillion from the Central Bank’s (CBN) Standing Lending Facility (SLF) to fund operations due to a liquidity shortfall in the...