CBN Issues Draft Guidelines Mandating Instant Refunds for Failed ATM Transactions
The Central Bank of Nigeria (CBN) has released new draft guidelines that will require banks and other financial institutions to provide instant refunds to...
CBN Adopts Artificial Intelligence in Monetary Policy, Says Governor Yemi Cardoso
The Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, has announced that the apex bank has begun adopting Artificial Intelligence (AI)...
Moniepoint Clarifies £1.2m Reported Loss by UK Subsidiary as Start-Up Investment Cost
Leading Nigerian fintech company Moniepoint Inc has clarified reports of a £1.2 million loss recorded by its United Kingdom subsidiary, Moniepoint GB, during the...
FTSE Russell Places Nigeria on Watch List for Possible Reclassification as Frontier Market
London — Global index provider FTSE Russell has announced that Nigeria has been added to its watch list for potential reclassification as a frontier...
CBN Orders Banks to Submit Monthly POS Transaction Reports
The Central Bank of Nigeria (CBN) has directed all financial institutions to begin submitting detailed monthly reports on the activities of their Point-of-Sale (POS)...
