CBN

CBN, Combating the Financing of Terrorism, Countering Proliferation Financing, Currency Transaction Reports, Exposure Draft, Financial Intelligence, Foreign Currency Transaction Reports, Money Laundering, Nigeria Financial Intelligence Unit, Suspicious Transaction Reports

Strengthening the Fight Against Illicit Finance: Key Features of CBN’s Exposure Draft Of Baseline Standards for AML Solutions

The Central Bank of Nigeria (CBN) Has Released a Draft on Baseline Standards for AML/CFT/CPF Solutions, Aiming to Improve Nigeria's Fight Against Illicit Finance. The Draft Mandates the Adoption of Intelligent, Interoperable, and Fully Automated Compliance Systems, Addressing Inefficiencies in Manual Processes and Aligning Nigeria's Financial Institutions With Global Anti-Money Laundering Standards.

O. M. Atoyebi, SAN FCIArb.(U.K)
August 19, 2025

CBN, Commercial Law, Corporate Law, Digital Currency & Fiat, Economy, Foreign Trade

Independence and Autonomy of the Central Bank of Nigeria (CBN): Enhancing Public Understanding

The Central Bank of Nigeria (CBN) plays a key role in shaping the country’s economic landscape by controlling inflation, stabilizing the currency, and fostering economic growth.

O. M. Atoyebi, SAN FCIArb.(U.K)
December 19, 2024

Banking & Finance Law, CBN, Cyber Security, Digital Currency & Fiat

An assessment of The Central Bank of Nigeria Risk-based Cybersecurity Framework and Guidelines for Deposit Money Banks and Payment Service Banks

The banking system in Nigeria is fundamental to the facilitation of economic growth and stability, primarily through its functions of financial intermediation, capital formation, and effective resource allocation.

O. M. Atoyebi, SAN FCIArb.(U.K)
December 9, 2024

An Overview of The Central Bank of Nigeria’s Guidelines for Bureau de Change Operators

In modern society, foreign exchange (Forex) stands as a pivot for a nation's economy. As the world morphs into a global village, as enabled by technology, inter-connectivity not only makes international trade and investment possible but efficient.

O. M. Atoyebi, SAN FCIArb.(U.K)
December 9, 2024

Banking & Finance Law, CBN, Digital Currency & Fiat, Foreign Trade

An Analytical Review of the Nigerian Foreign Exchange Code: Enhancing Transparency and Market Efficiency

The Nigerian Foreign Exchange Market (NFEM) has long been a cornerstone of the nation's economic framework, playing a critical role in facilitating international trade, managing currency flows, and stabilizing the national economy.

O. M. Atoyebi, SAN FCIArb.(U.K)
December 9, 2024

An Overview of the CBN’s Supervisory Framework for Payment Service Banks

The Supervisory Framework for Payment Service Banks is essential for regulating their operations by promoting financial inclusion, ensuring strong corporate governance, and enforcing compliance with anti-money laundering, and combating the financing of terrorism measures.

O. M. Atoyebi, SAN FCIArb.(U.K)
November 7, 2024