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The End of 'Debit Without Alert': How CBN’s New Open Banking Rules Force Banks to Reverse Failed Transfers in 60 Seconds
BUSINESS🔥 HOT
The End of 'Debit Without Alert': How CBN’s New Open Banking Rules Force Banks to Reverse Failed Transfers in 60 Seconds
The Central Bank of Nigeria has mandated full Open Banking API integration and strict 60-second settlement rules for failed transactions. For years, Nigerians have suffered in silence while their hard-earned money disappeared into financial limbo after a failed transfer. The CBN’s latest directive changes the rules of engagement.
✍️ NaijaToday Desk⏱ 5 min👁 11
Running a Small Business in Nigeria in 2026: Making Sense of the Money Side
BUSINESS🔥 HOT
Running a Small Business in Nigeria in 2026: Making Sense of the Money Side
CBN's 26.5% benchmark rate is keeping SME loans expensive in 2026. Here's why, which single-digit government-backed funding options most owners overlook, and how to avoid costly fintech loan traps.
✍️ NaijaToday Desk⏱ 6 min👁 3