The Central Bank of Nigeria (CBN) imposed 21 sanctions totaling 430 million nairas (315,000 USD) on financial institutions in 2025 for failures in handling customer complaints and non-compliance with its directives. According to its annual report, the CBN received 23,129 complaints from financial services customers in 2025, a 10.53% increase from the previous year when...
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Nigeria: Central Bank sanctions financial institutions
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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