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7013 results for "central bank nigeria"
Nigeria's Central Bank is launching a pilot program to make digital finance safer and more accessible for millions of young people and small businesses. The move could transform how everyday Nigerians send money, get paid, and grow their businesses.
Nigeria's central bank is limiting phone number changes on bank accounts to just once in a lifetime starting May 2026. The bold move aims to protect 68 million Nigerians from fraudsters who exploit phone numbers to hijack bank accounts.
Nigeria's central bank just rolled out smart new security measures to protect digital banking customers from fraud, including real-time identity checks and temporary limits on new devices. The move comes as the country tackles a fraud surge while keeping its booming instant payment system safe for everyone.
Nigeria's Central Bank and telecom regulator just launched a system that lets banks instantly verify if a phone number has been hijacked before processing payments. Financial fraud dropped 51% this year, and this new partnership could drive losses even lower.
Digital bank Kuda just earned a major upgrade that will bring physical support centers to customers across Nigeria. The move shows how successful fintechs are bridging the gap between digital convenience and in-person service.
One of Africa's biggest fintech companies just got permission to become a real bank in Nigeria. Flutterwave can now offer loans, savings accounts, and faster payments to millions of small businesses that traditional banks have left behind.
A new Central Bank of Nigeria report reveals fintech companies see regulators as balanced, not barriers. But approval delays of up to a year are still slowing innovation across Africa's largest economy.
Banks in Nigeria are finally making it easier for charities and non-profits to open accounts and deliver critical services. After years of being wrongly labeled high-risk, civil society groups are breaking through.
Nigeria doubled its digital payments to 11 billion transactions in just two years, building one of the world's most advanced payment systems. Now the Central Bank is tackling the next challenge: bringing 26% of adults still outside the financial system into the digital economy.
Nigeria is creating Africa's first dedicated climate finance bank to unlock $104 billion in green investment opportunities by 2030. The private sector initiative targets $100 million in founding capital to finance renewable energy and climate-smart projects starting in 2027.
Nigeria's Central Bank just became the first to formally write artificial intelligence into its anti-money laundering rules, requiring all banks and fintechs to use automated systems. The move pushes Africa's largest economy toward smarter, faster fraud detection after fraud losses jumped 603% last year.
Nigerian fintech company OPay just made history by winning The Sun Awards' first-ever Fintech/Digital Bank of the Year category. The platform now serves millions of Nigerians with mobile banking, digital wallets, and merchant services all in one trusted app.
LAPO Microfinance Bank is rolling out climate-smart loans to help Nigeria's poorest communities adapt to climate change while building economic independence. The bank's new 11-point action plan includes renewable energy financing, sustainable agriculture loans, and micro-insurance for small businesses.
Nigerian banks can now check if your phone number was recently swapped or flagged before processing transactions, closing a major loophole that's cost the country $195 million in two years. The new system stops criminals from draining accounts using stolen SIM cards.
Over the past five years, the World Bank has awarded more than 6,800 contracts worth $2.5 billion to Nigerian companies, building roads, hospitals, and schools across the country. The investment is opening doors for local businesses to compete globally while creating thousands of jobs at home.
Nigeria's Bank of Industry has poured $150 billion into women entrepreneurs, financing over 2,600 businesses and proving that investing in women drives economic growth. The initiative saw a stunning 396% jump in women-owned businesses funded in just one year.
Nigeria's Bank of Agriculture is launching a groundbreaking climate financing program that could help farmers cut food waste in half while boosting profits by 123%. The initiative targets solar-powered cold storage and irrigation to save crops currently rotting in fields.
Nigeria just launched a nationwide Community Food Bank Programme to tackle malnutrition in 2 million children under five. The initiative will provide food vouchers and nutrition counseling to vulnerable families through local health centers starting April 2026.
A banking association in Nigeria turned a misinformation crisis into an educational moment when a popular content creator spread false claims about banks shutting down. The professional response led to a full retraction and public apology.
The head of Ghana's central bank received a national award from traders for bringing down inflation and stabilizing the country's currency. The recognition marks a rare moment of praise from the business community for economic policymaking.
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