The FMBN plans to expand National Housing Fund mortgage financing and widen single-digit-rate home loans in Nigeria, testing whether cheap credit can scale.
Section
Money
Dormant Accounts: CBN Tightens KYC for Reactivating Idle Balances
The CBN now requires fresh KYC documents and management approval to reactivate dormant Nigerian bank accounts, closing a soft entry point for fraud.
BVN Rules: CBN Sets 18 as the Minimum Age for Bank Verification
The CBN’s March 2026 circular sets 18 as the minimum age for a BVN, ending BVNs for minors and pushing Nigerian banks toward custodial youth-account design.
Fail-Safe Payments: CBN Demands 30-Minute Fraud Response From Banks
The CBN’s December 2025 reforms require POS terminals to have dual network connectivity and oblige banks to resolve fraud complaints within 30 minutes.
Market Abuse: Nigeria’s SEC Turns From Watchman to Policeman
Nigeria’s SEC said in 2026 it will step up enforcement on insider trading and market manipulation, add ESG disclosure rules and digitise its processes.
No Dead Terminals: CBN Mandates Dual Connectivity for Every POS
The CBN now mandates dual telecoms connectivity on every POS terminal and a 30-minute bank response to fraud complaints, targeting payment downtime.
Cashless Drive: CBN Caps Weekly Withdrawals at N500,000 for Individuals
From 1 January 2026 the CBN caps weekly cash withdrawals at N500,000 for individuals and N5m for corporates, with charges above, to push electronic payments.
POS Formalisation: CAC Orders Nigeria’s Agent Networks to Register
Nigeria’s CAC ordered POS operators to register by 1 January 2026 or risk terminal seizure, pulling informal agent-banking onto the books.
Know Your Owner: CAC Demands ID and Contact Data for Business-Name Updates
Nigeria’s CAC now requires DOB, emails, phone and valid ID for online business-name updates — tightening KYC and opening the door to formal credit scoring.