The CBN’s December 2025 reforms require POS terminals to have dual network connectivity and oblige banks to resolve fraud complaints within 30 minutes.
Section
Money
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.
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.