CBN Warns Banks And Fintechs That Cyber Risk Can Shake The System
The CBN has warned Nigerian banks and fintechs to treat cyber risk, vendor failure and AI accountability as financial stability ...
Tag: cbn
CBN Opens Sandbox For Nigeria’s Virtual Asset And Fintech Firms
Nigeria's central bank has opened its second regulatory sandbox cohort with tracks for virtual assets and data-enabled finance.
CBN’s Data Localisation Directive Puts Nigerian Fintechs In A Cloud Dilemma
Nigeria’s fintech industry has entered another major regulatory moment. The Central Bank of Nigeria has reportedly directed banks, fintech firms, ...
CBN Orders Nigerian Banks And Fintechs To Self‑Audit Cybersecurity Defences
The Central Bank of Nigeria (CBN) has ordered banks, fintechs and other licensed financial institutions to complete a new cybersecurity ...
CBN Launches Crypto AML Pilot With Flutterwave, Paystack and Other VASPs
The Central Bank of Nigeria (CBN) has kicked off a new supervision pilot for virtual asset service providers (VASPs), tightening ...
CBN Upgrades OPay, Moniepoint and Others to National Licences
The Central Bank of Nigeria (CBN) has formally granted national status to the operating licences of a number of prominent ...
CBN Orders Stronger Security for Overseas Card Payments
The Central Bank of Nigeria has instructed that all banks and other financial institutions to make use of multi-factor authentication ...
Central Bank of Nigeria Approves Open Banking Launch This August. Here’s what to Know
Nigeria’s Central Bank (CBN) has officially approved the launch of open banking, mandating that banks begin sharing customer data with ...
Nigeria’s 0.5% Cybersecurity Levy Issued by CBN Stir Emotions
Implementing the 0.5% cybersecurity levy on all bank transactions has sparked a great deal of unhappiness among Nigerians. The Central ...
CBN Halts Onboarding New Customers In 4 Fintech Companies
Four fintech companies have been directed by the Central Bank of Nigeria (CBN) to halt the onboarding of new customers ...