Nigeriaвђ™s Central Bank Doubles Down On Plans To... | No Login |

: Effective May 1, 2026, all diaspora remittances to Nigeria must be paid exclusively in naira to boost official market liquidity.

: Customers can only update the phone number linked to their BVN once in a lifetime . Nigeria’s Central Bank Doubles Down on Plans to...

The apex bank is implementing system to curb SIM-swap fraud: : Effective May 1, 2026, all diaspora remittances

: Independent BVN registration is now restricted to individuals aged 18 and above. 4. Revised Banking Charges & Remittances : Governor Olayemi Cardoso recently unveiled a policy

: Transactions on newly activated devices are capped at ₦20,000 for the first 24 hours.

: Starting May 1, 2026, the cost of issuing or replacing ATM cards will increase to ₦1,500 , though card maintenance charges on naira-denominated cards are being removed.

: Governor Olayemi Cardoso recently unveiled a policy agenda aimed at reducing inflation to single digits while maintaining exchange rate stability.