May 1, 2026
Home Posts tagged CBN
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‎BVN Update: 10 New Rules You Need to Know, Effective May 1

By The Insight Team 649
mostbet mostbet az mostbet mostbet az mostbet pin up mostbet mostbet By Emmanuel Kwada The Central Bank of Nigeria (CBN) has announced sweeping reforms to the Bank Verification Number (BVN) framework, with 10 key changes set to take effect from May 1, 2026. The measures, aimed at tightening digital banking security and significantly reducing fraud, will directly impact how millions of Nigerians access mobile apps, switch […]Continue Reading
Banking Business Economy News Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

EXPLAINER: What Does CBN’s Order to Restrict Banking Services to Loan Defaulters Mean?

By The Insight Team 246
key points: What exactly is a “large-ticket obligor” What services are restricted? Does this affect everyone who has ever defaulted on a loan? What does this mean for businesses and the economy? What about ordinary Nigerians? Why is the CBN doing this?   By Emmanuel Kwada The Central Bank of Nigeria (CBN) has introduced a […]Continue Reading
Banking Business

Retail, Hospitality, Food Industries Top the List as Lagos Records N6.3 Trillion in PoS Transactions in 2024

By The Insight Team 896
By Emmanuel Kwada The Nigerian economy has witnessed a significant surge in Point of Sales (PoS) transactions in 2024, with the total value of transactions reaching an all-time high of N18 trillion. This represents a 69% increase compared to the N10.7 trillion recorded in 2023. The data, obtained from the Nigeria Inter-Bank Settlement System (NIBSS), […]Continue Reading
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Forensic Audit of CBN underway as we win back investor confidence, President Tinubu tells World Bank Chief

By The Insight Team 517
  President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. The President disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga on Friday at the Presidential Villa, Abuja. ”A comprehensive forensic audit is […]Continue Reading
Banking News

‘Withdraw regulations on customers’ social media handles or face legal action’, SERAP tells CBN

By The Insight Team 506
  Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Folashodun Shonubi, Acting Governor, Central Bank of Nigeria (CBN) to “immediately delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of Continue Reading
Banking Blogs Business Media Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

CBN confirms evacuation of banknotes to DMBs

By The Insight Team 592
…Directs Banks to open their branches on Saturday and Sunday …CBN Gov to monitor compliance personally The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has […]Continue Reading
Buhari
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No economic development without vibrant and successful small and medium enterprise sector—President Buhari

By The Insight Team 464
President Muhammadu Buhari Thursday declared that for any economy to grow and create jobs, an equally vibrant and successful small and medium enterprise sector was also needed, adding that it was for this reason that he recently signed the Business Facilitation Bill into law. President Buhari spoke at State House, Abuja as he received the […]Continue Reading
Old Naira
Banking Blogs Business Media Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

Kogi sensitises residents, fuel stations on old naira notes acceptance

By The Insight Team 588
The officials of Kogi Government and Stakeholders in the financial sectors, have sensitised Kogi residents on the need to accept the old naira notes in line with the Supreme Court judgment. The News Agency of Nigeria (NAN) recalls that the Supreme Court on March 3, ruled that the new and old naira notes should co-exist […]Continue Reading
Naira note
Banking Blogs Business Fact Check Investigations Media Photos Top Story Zenith Bank, Cross Rivers, Nigeria, Banking, Economy

FactCheck: No, Nigeria hasn’t introduced N5,000 and N2,000 banknotes

By The Insight Team 1029
By David Ajikobi A video posted on Facebook in July 2021 shows piles of what seem to be Nigerian naira banknotes. A hand lifts bundles of the notes to the camera, revealing that they have the insignia and name of the central bank and are in denominations of N5,000 and N2,000. A woman’s voice can […]Continue Reading
Yemi_Osinbajo_2017-05-27
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National Economic Council Commends Nigeria Sovereign Investment Authority’s performance

By The Insight Team 673 Post a comment
Receives briefing on crude oil production & security Council sub-committee to consider Governors’ concerns over ownership of new NNPC Ltd By Daniel Adaji The National Economic Council (NEC) has endorsed a report on the 2021 financial performance of the Nigeria Sovereign Investment Authority (NSIA), commending the board and management for a credible performance despite Continue Reading
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‘What Buhari told outgoing ministers’

By The Insight Team 636 Post a comment
President Muhammadu Buhari on Friday in Abuja bade farewell to outgoing members of the Federal Executive Council (FEC), affirming that a significant number of them have been sufficiently equipped to aspire to higher elective offices, including the Office of the President. Speaking at a valedictory session for appointees leaving the cabinet to pursue political ambitions, Continue Reading
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