Money

News

CBN Alerts Public to Surge in Fraudulent Messages and Cybersecurity Hack Attempts

The Central Bank of Nigeria (CBN) has issued an urgent press release warning the public about an increase in fraudulent communications designed to misinform and hack personal accounts. ​The alert,…

AyobamiBlog April 22, 2026

News

Fintech Giant Flutterwave Secures Banking License, Set to Transform Financial Services in Nigeria

Flutterwave has officially transitioned from a payment processor to a core financial institution after securing a highly anticipated banking license in Nigeria. The company announced the milestone on Thursday, signaling…

AyobamiBlog April 4, 2026

Finance

Opay, Moniepoint, and other FinTechs and MFBs elevated to national status by CBN

The Central Bank of Nigeria (CBN) has upgraded the licences of selected FinTechs and Microfinance Banks (MFBs) with nationwide operations to national status. The disclosure was made by Mr. Yemi…

AyobamiBlog January 27, 2026

News

CBN prioritises banking stability, fintech regulation, inflation control in 2026 agenda

The Central Bank of Nigeria (CBN) has prioritised banking system stability, tighter fintech regulation, inflation control, and payments infrastructure modernisation as key pillars of its 2026 reform agenda. This is…

AyobamiBlog January 4, 2026

News

Align with global standards in tackling illicit funds – CBN to banks

Central Bank of Nigeria (CBN) has called on financial institutions to strengthen their compliance frameworks and align with global banking standards to combat illicit financial flows and maintain the integrity…

AyobamiBlog March 3, 2025

News

PoS transactions surge to 18 trillion in 2024 as fintechs expand terminal deployment

The value of transactions over Point of Sales (PoS) terminals in Nigeria surged to N18 trillion in 2024, hitting an all-time yearly record. This is according to data obtained from…

AyobamiBlog February 4, 2025