Open Banking in Nigeria: Misconceptions and Realities
The Central Bank of Nigeria is set to launch Open Banking in 2025 as part of measures to deepen financial inclusion. But what is open banking? Imagine walking into a store that already knows your preferences, needs, and budget, but only because you gave permission to share that information. That’s the essence of Open Banking. […]
CBN 2025 Review of Automated Teller Machine (ATM) Transaction Fees: Misconceptions and Realities
On February 10, 2025, the Central Bank of Nigeria (CBN) released a circular revising Automated Teller Machine (ATM) withdrawal charges, set to take effect from March 1, 2025. This publication offers a concise overview of the circular, clarifying its key provisions and dispelling common misconceptions. It explores the policy’s broader implications for financial inclusion, low-income […]
