The Central Bank of Nigeria (CBN) has issued new regulatory guidelines for the operations of non-security virtual assets in Nigeria, establishing requirements for the licensing, regulation, and supervision of virtual…
Nigerians struggling to withdraw dollars and pounds from their own domiciliary accounts may soon receive regulatory intervention. Amid complaints that some banks impose withdrawal ceilings, claim currency shortages or offer…
Fresh questions over public funds have reached the Central Bank of Nigeria as SERAP demands explanations over $6.23 million linked to an alleged election-funding request and more than ₦1.63 trillion…
The Corporate Affairs Commission (CAC) has issued a strong warning to major fintech companies, particularly Opay and Moniepoint, stating that they risk being placed on its regulatory watchlist for allegedly…
A legal battle is brewing between the Central Bank of Nigeria (CBN) and 33 of its former employees, who have filed a class-action lawsuit alleging wrongful termination following a mass…
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Obiorah, testified yesterday in the trial of former CBN Governor Godwin Emefiele, revealing that the apex bank’s board…
The Nigerian Police Special Fraud Unit (PSFU) has filed new charges against four bloggers—Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami—for allegedly cyberstalking Guaranty Trust Holding Company (GTCO), its…
A Federal High Court sitting in Lagos has directed the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to conduct separate investigations into the accounts…
