Tag: financial regulation

CBN’s BVN Overhaul: New Rules to Combat Fraud and Strengthen Nigeria’s Banking Security

Business Damilola Bayonle -
BVN Overhaul Strengthens Banking Security, Tightens Identity Controls Nigeria’s financial system is entering a new phase of regulatory tightening as...

CBN begins anti-money laundering oversight on crypto firms in major regulatory shift

Business Damilola Bayonle -
CBN begins anti-money laundering oversight on crypto firms Nigeria’s financial regulator has taken a significant step toward tightening oversight of...

NAICOM declares ‘No Extension’ as insurance firms scramble to meet July recapitalisation deadline

Business Damilola Bayonle -
NAICOM Insists on July Deadline as Insurance Firms Race to Meet Capital Requirements Nigeria’s insurance sector is under mounting regulatory...

NDIC moves to seize assets, freeze accounts as debt recovery drive intensifies

Business Damilola Bayonle -
NDIC steps up debt recovery from failed banks The Nigeria Deposit Insurance Corporation has launched a renewed offensive against chronic...

CAC reports 248 fake companies to EFCC, exposes compliance gaps in Nigeria’s banking system

Business Damilola Bayonle -
CAC Reports 248 Fake Companies to EFCC, Flags Banks Undermining Compliance Framework Nigeria’s corporate regulatory landscape is facing renewed scrutiny...

World Bank Slashes CBN Grant to $6.8m, Backs Tech-Driven Banking Oversight

Business Damilola Bayonle -
The World Bank has revised downward a proposed grant for the Central Bank of Nigeria (CBN), reducing the funding...

Failed banks’ depositor payouts: NDIC, NIBSS seal new deal

Business Damilola Bayonle -
Nigeria’s financial safety-net framework is set for a major upgrade as the Nigeria Deposit Insurance Corporation (NDIC) and the...

CBN’s bold crackdown: New 5-Year ban on serial dud cheque issuers sparks major banking reform

Business Damilola Bayonle -
In a decisive move aimed at strengthening financial discipline and rebuilding public trust in Nigeria’s banking system, the Central...

Nigeria slams rogue digital lenders with tough new rules

Business Damilola Bayonle -
Nigeria has launched a decisive regulatory offensive against rogue digital lenders, introducing sweeping new rules to restore order and...