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Finance & Economy

Nigeria · Finance & Economy

Instant-payment controls: check device changes and transfer limits

CBN’s reform record describes rules dated 12 March, effective 1 July 2026: customers can opt out of instant transfers and set lower limits; newly linked mobile devices have a temporary N20,000 limit for 24 hours.

Central Bank of Nigeria · 12 Mar 2026 · effective 1 Jul · background

CBN resets policy rate to 23%

The CBN’s September decision page records an MPR of 23% and a recalibrated standing-facilities corridor.

Central Bank of Nigeria · 22 Sep 2026