Nigeriaвђ™s Central Bank Doubles Down On Plans To... Apr 2026

: Following a period of aggressive tightening, the CBN recently trimmed the benchmark interest rate to 26.5% as a strategic shift as inflation begins to show signs of easing.

The apex bank is implementing system to curb SIM-swap fraud: Nigeria’s Central Bank Doubles Down on Plans to...

: Mobile banking apps will be limited to one device at a time; logging in on a new device will automatically deactivate the previous one. : Following a period of aggressive tightening, the

The Central Bank of Nigeria (CBN) is doubling down on its , which focuses on aggressively curbing inflation and restricting digital banking services for chronic loan defaulters. : Independent BVN registration is now restricted to

: Independent BVN registration is now restricted to individuals aged 18 and above. 4. Revised Banking Charges & Remittances

: Under a bold proposal issued in mid-April 2026, creditors and borrowers in collateral-backed loan disputes must first submit to a Mediation and Dispute Resolution Panel before approaching the courts to reduce legal congestion.