Tags: CBN

CBN: FinTechs Won’t Usurp Banks’ Traditional Roles

The Central Bank of Nigeria (CBN) has assured that Financial Technology (FinTech) companies will not take over the roles played by commercial banks in delivering services customers. Speaking at the Bi-Monthly Forum of the Financial Correspondents Association of Nigeria (FICAN) in Lagos at the weekend, CBN Director, Banking and Payments System Department , ‘Dipo Fatokun…

E-Frauds: CBN partnering NCC to Tighten SIM Card Swap Process

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) would soon come up with regulations to tighten the process of Subscriber Identification Module (SIM) card swap for telecom subscribers. The Director, Banking and Payments System Department, CBN, Mr. ‘Dipo Fatokun, disclosed this at the weekend, when he delivered a presentation titled: “Electronic…

CBN’s Credit Facilities to Skye Bank, Extends by One Year

Credits: Obinna Chima of thisday The Central Bank of Nigeria (CBN) has extended its guarantee to Skye Bank Plc for another year, just as it continues to consider the bank’s recapitalisation proposal, the bank revealed Tuesday. In an advertisement jointly signed by its Chairman and Group Managing Director, Messrs. M. K Ahmad and Tokunbo Abiru,…