The Central Bank of Nigeria (CBN) has made terrorism financing supervision a current supervisory priority as part of efforts to protect the country's financial system from abuse by illicit actors. According to a statement signed by Hakama Sidi-Alli, Acting Director of Corporate Communications and Investor Relations, the heightened oversight will focus on strengthening monitoring within the financial sector. The move underscores the regulator's commitment to combating illicit financial flows in Nigeria.

Experts have shared differing views on the effects of new regulatory frameworks implemented by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on the fintech sector in Nigeria. The introduction of these rules has led to a division within the industry regarding their potential impact.

The Central Bank of Nigeria (CBN) has issued a warning against the abuse of the naira, citing rising costs and a reduced lifespan of the currency. Additionally, the CBN introduced the Naira Ambassadors Club aimed at students to promote awareness and responsible handling of the naira.

Stakeholders are advocating for the adoption of technology in Nigeria's banking audit sector to improve operational functions, anticipate risks, and enhance assurance in the era of artificial intelligence, according to Punch Business.

Nigeria's Central Bank has announced that supervising terrorism financing is now a current priority, according to Channels TV. The CBN stated that the measures will be carried out in line with existing legal and regulatory requirements. Further details on the specific steps or timeline were not provided in the report.

The federal government of Nigeria has issued a directive to banks in response to the identification of individuals and companies suspected of financing terrorism. This measure aims to enhance the monitoring and regulation of financial transactions related to these suspects.