Cardoso: Nigeria must embrace cryptocurrency regulation as market matures

October 4, 2025 by admin

Olayemi Cardoso, Nigeria’s Central Bank Governor, dropped a bombshell at a Lagos Business School lecture: The nation’s explosive crypto boom demands urgent, collaborative regulation before it spirals into chaos. With Nigerians trading billions in digital assets yearly, ignoring the market’s maturity could stifle innovation or invite scams—time to build guardrails. Cardoso Nigeria cryptocurrency regulation headlines … Read more

Financial Fraud in Nigeria Surges by 45%, Central Bank Reports Alarming Trends

July 1, 2025 by admin

By Staff ReporterJuly 11, 2025 Nigeria’s financial sector is grappling with a dramatic 45% surge in fraud cases in 2024, with losses totaling N52.26 billion, according to the latest Nigeria Inter-Bank Settlement System (NIBSS) report cited by Fintech Magazine Africa. The Central Bank of Nigeria (CBN) has raised concerns as 70% of these losses are … Read more

GTCO Injects N365.85 billion into GTBank to meet CBN’s recapitalisation mandate

June 18, 2025 by admin

Lagos, Nigeria – August 29, 2025 – Guaranty Trust Holding Company Plc (GTCO) has announced a significant capital injection of N365.85 billion into its flagship subsidiary, Guaranty Trust Bank Limited (GTBank), to comply with the Central Bank of Nigeria’s (CBN) new minimum capital requirements for commercial banks with international authorization. The transaction, disclosed in a … Read more

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