The CBN now mandates dual telecoms connectivity on every POS terminal and a 30-minute bank response to fraud complaints, targeting payment downtime.
Section
Money
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.
Payment Security: CBN Rewrites the Rules on Instant Transfers and BVNs
CBN’s March 2026 circulars let customers opt out of instant payments, mandate multi-factor authentication and add a temporary BVN watchlist for operators.
Diamba Sud gold project in Senegal — capital structure the business case for investors
Who funds Diamba Sud’s near-$400m gold build, who carries the risk, and where Senegalese and regional capital can realistically enter the structure.
Recapitalisation: Nigeria’s Banks Raise N4.65tn to Rebuild Their Capital Base
By April 2026 the CBN completed its two-year recapitalisation, with Nigeria’s banks raising N4.65tn; 33 banks met new minimums and 72.55% of capital was local.
Trade finance: the quiet plumbing behind Africa’s exports to China
Tariffs and protocols open the market, but a shipment only sails when someone finances it. The credit, insurance and bonds behind African exports rarely make headlines, yet they decide who can trade.
NOFR: Nigeria Launches a Secured Overnight Benchmark for Its Money Market
On 17 April 2026 the CBN and FMDA launched NOFR, a secured overnight benchmark to sharpen price discovery, deepen Nigeria’s money market and align with global