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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Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
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