CBN releases new rule limiting the suspension payment to failed banks

👨🏿‍🚀TechCabal Daily – Hey BDCs

Last week, Nigeria’s apex bank ended a two-year ban on foreign exchange (FX) sales to Bureau de Change (BDC) operators. The CBN believes lifting the ban will help ease the strain on exchange rates. More in TCDaily.

NELFUND debunks fake upkeep suspension notice

The Nigerian Education Loan Fund (NELFUND) has dismissed as fake a social media document claiming that upkeep allowances under the Federal Government’s Student Loan Scheme for the 2025/2026 academic session were suspended. The post NELFUND debunks fake upkeep suspension notice appeared first on Vanguard News.

‘All banks din po sana’: Banks urged to scrap transfer fees

“All banks din po sana.” This was the comment of Filipinos after the Bank of the Philippine Islands (BPI) decided to permanently waive its transfer fees for online transactions. The bank announced that it will waive fees for transactions made via InstaPay or PESONet starting July 1. InstaPay refers to real-time fund transfers to other banks [] The post ‘All banks din po sana’: Banks urged to scrap transfer fees appeared first on Interaksyon.

NDIC takes over 46 revoked microfinance banks, warns against illegal transactions

The Nigeria Deposit Insurance Corporation, NDIC, has been appointed as the official Liquidator of the 46 Microfinance Banks, MFBs, revoked by the Central Bank of Nigeria, CBN, on July 1, 2026. This is pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 2) of the NDIC Act of 2023. The Corporation, in [] NDIC takes over 46 revoked microfinance banks, warns against illegal transactions

Can the IMF help Africa break the debt cycle? {Business Africa}

Can the International Monetary Fund finally help Africa break out of its multi-generational loop of rescue and repayment and here is how Nigerian businesses are using stablecoins to bypass traditional banks to fight inflation.