CBN’s 2025 Agent Banking Operational Guidelines: Misconceptions and Realities
The Central Bank of Nigeria (CBN) has released the 2025 Agent Banking Operational Guidelines, a consolidated framework designed to make agent banking safer, more transparent, and more accountable. The new rules introduce key changes such as the “One Principal Rule,” dedicated agent accounts, geo-fenced PoS devices, transaction and withdrawal limits, and mandatory two-factor authentication (2FA) […]
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 […]
