The Central Bank of Nigeria (CBN) has recently released a Cyber Cyber-security Framework and Guidelines aimed at managing the technology platforms and infrastructure used in managing Deposit Money Banks, DMBs and Payment Service Banks, PSBs. According to the circular on the monetary policy guidelines to all Deposit Money Banks (DMBs) and Payment Services Banks (PSBs) […]
The Central Bank of Nigeria (CBN) has revoked the licences of 132 Microfinance Banks (MFBs), three four Primary Mortgage Banks (PMBs) and two other finance companies in furtherance of its regulatory roles in the nation’s financial system. The revocation of the licensed MFBs and other financial institutions (OFIs) licences was contained in a gazetted circular […]
The Central Bank of Nigeria (CBN) has issued regulatory guidelines for Nigeria’s eNaria to guide financial institutions and users on the digital currency’s transactional rules and standards. In the document titled ‘Regulatory Guidelines on the Enaira’, the apex bank stated that the guidelines shall apply to all financial institutions and users of the yet-to-be-launched Nigeria’s […]