CBN limits mobile banking apps to one device, introduces new Instant payment rules

Dailypost | 14-03-2026 10:44am |

The Central Bank of Nigeria, CBN, on Friday announced sweeping new measures for instant payment operations, including a restriction that limits mobile banking applications to a single device per customer. The directive was contained in a circular issued by the apex bank’s Payments System Policy Department and signed by its Director, Musa Jimoh, and addressed

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.