The Central Bank of Nigeria (CBN) has released new draft guidelines for ATM operations, superseding previous regulations. Key points: Deployment: Card issuers must deploy 1 ATM per 5,000 cards by 2028, starting with 30% in 2026. ATMs need CBN approval and secure placement. Refunds: Instant reversal for failed "on-us" transactions; max 24 hours if manual. "Not-on-us" refunds within 48 hours. Security: ATMs must have cameras (no keystroke recording), anti-skimming devices, annual key changes, and comply with PCI DSS. Operations: Max 72-hour downtime, constant cash availability, clear fee display, and receipts for transactions (except balance inquiries). Compliance: CBN will audit compliance; monthly reports due by the 5th. Penalties for non-compliance. Aims to enhance ATM access, security, and consumer protection.

The Central Bank of Nigeria (CBN) has introduced a new set of draft guidelines for Automated Teller Machine (ATM) operations, replacing the previous regulations. Under the new draft, card issuers are required to deploy at least one ATM for every 5,000 payment cards in circulation by the year 2028. The implementation will begin with a 30 percent target in 2026. New policy again.

BREAKING NEWS: The Central Bank of Nigeria (CBN) has released new draft guidelines for ATM operations, superseding previous regulations. Key points: Deployment: Card issuers must deploy 1 ATM per 5,000 cards by 2028, starting with 30% in 2026. ATMs need CBN approval and secure placement. Refunds: Instant reversal for failed "on-us" transactions; max 24 hours if manual. "Not-on-us" refunds within 48 hours. Security: ATMs must have cameras (no keystroke recording), anti-skimming devices, annual key changes, and comply with PCI DSS. Operations: Max 72-hour downtime, constant cash availability, clear fee display, and receipts for transactions (except balance inquiries). Compliance: CBN will audit compliance; monthly reports due by the 5th. Penalties for non-compliance. Aims to enhance ATM access, security, and consumer protection.

Saw that the CBN just cut its key interest rate by 50 bps…first time since 2020. That’s big. Also, naira is showing signs of rallying; FX speculation is down & reserves now around $43B at some windows. Feels like the game might be opening up a little lower cost of borrowing + more stability = opportunity.

It’s Thursday morning. I’m seeing Nigeria regulators now working on unified crypto rules with SEC + CBN. Big shift in tone after years of “crypto is risky.”

CBN news and top ticker terbaru dari timur ke depan akan kaya

I think Civil servants should also be allowed to defect. Like defect from OGBC to CBN.

Dollar to Naira exchange rate today, October 15, 2025 Key rates NFEM / CBN (official, volume-weighted average): Roughly ₦1,460–₦1,468 / $1. CBN published/reference figure (recent): ₦1,462–₦1,463 Parallel / black-market (retail dealers): Buy ₦1,485 — Sell ₦1,505 What happened today The naira traded slightly weaker across Nigeria’s FX windows on Wednesday, October 15, 2025. Official market quotes derived from the Daily Nigerian Foreign Exchange Market (NFEM) remained in the mid-₦1,400s band, while parallel-market dealers continued to price the dollar notably higher — a spread of roughly ₦20–₦45 between official and black-market midpoints. Global currency moves also played a part. The U.S. dollar weakened against several major currencies on October 15 as markets priced in possible Fed rate cuts later in the month, a factor that moderated upward pressure on emerging-market currencies, including the naira.