• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, May 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

CBN Issues Exposure Draft On Digital Financial Services Awareness

by Bukola Idowu
3 years ago
in Business, News
CBN
Share on WhatsAppShare on FacebookShare on XTelegram

The Central Bank of Nigeria (CBN) has released an exposure draft on Digital Financial Services Awareness (DFS) guidelines which is expected to address gaps in consumer knowledge and practices with Digital financial Services (DFS).

 

Advertisement

According to a circular released by the Consumer Protection Department of the CBN, the guidelines apply to Deposit Money Banks (DMBs), Merchant banks, Other Financial Institutions (OFIs), Payment Service Banks (PSBs) , and other payment service institutions as licensed by the regulator.

 

As part of its objective, the guideline is to set “Digital Financial Literacy (DFL) standards for Digital Financial Services Providers (DFSP).”

 

RELATED

Tinubu’s Communication Team Reviews Performance, Sets New Targets

Tinubu’s Communication Team Reviews Performance, Sets New Targets

2 hours ago
Tinubu Backs Qatari Investment In Nigeria’s Agriculture, Petrochemicals

Tinubu Backs Qatari Investment In Nigeria’s Agriculture, Petrochemicals

2 hours ago

The guideline stipulates that DFS providers, among other requirements, are expected to: “Provide information that will enable consumers differentiate DFS products from conventional banking products and services.”

 

They are also to ensure ease of access to information on all product offerings to enable consumers make informed decisions, provide information on products in simple

English and local languages; conduct outreach to underserved populations regarding DFS options available to them and provide information on product usage and how to obtain support services when the need arises.

 

In addition, DFS providers are expected to: “develop and deliver educational materials to prospective and existing customers through basic channels such as Short Message Service (SMS), Unstructured Supplementary Service Data (USSD) and at agent locations, in addition to app, web and social media platforms and submit developed educational materials to the Director of Consumer Protection, CBN for review.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Central Bank of Nigeria (CBN)
SendShareTweetShare
Previous Post

Clearing Agents Declare Auto Policy A Failure

Next Post

Stanbic IBTC Commits To Customers’ Experience

Bukola Idowu

Bukola Idowu

You May Like

Tinubu’s Communication Team Reviews Performance, Sets New Targets
News

Tinubu’s Communication Team Reviews Performance, Sets New Targets

2025/05/09
Tinubu Backs Qatari Investment In Nigeria’s Agriculture, Petrochemicals
News

Tinubu Backs Qatari Investment In Nigeria’s Agriculture, Petrochemicals

2025/05/09
Hoodlums Kill 2 Vigilantes In Anambra Night Club
News

Imo Police Begin Manhunt For Fleeing Suspects Behind Onuimo, Okigwe Attacks

2025/05/09
Ganduje Bids Farewell To All, Seeks Forgiveness
News

‘If Nigerians Desire One-party State, So Be It’, Ganduje Speaks On Defections To APC

2025/05/09
Man Bags 14-year Imprisonment For Sexual Molestation Of Septuagenarian
News

Man Sentenced To 2-year Jail Term For Stealing Iron Rods In Ekiti

2025/05/09
Zamfara Residents Hail Tinubu, Matawalle For Eliminating Bandit Leaders Jijji, Kachallah Sagili
News

Zamfara Residents Hail Tinubu, Matawalle For Eliminating Bandit Leaders Jijji, Kachallah Sagili

2025/05/09
Leadership Conference advertisement

Leadership Conference advertisement

LATEST

Tinubu’s Communication Team Reviews Performance, Sets New Targets

Tinubu Backs Qatari Investment In Nigeria’s Agriculture, Petrochemicals

Imo Police Begin Manhunt For Fleeing Suspects Behind Onuimo, Okigwe Attacks

‘If Nigerians Desire One-party State, So Be It’, Ganduje Speaks On Defections To APC

Man Sentenced To 2-year Jail Term For Stealing Iron Rods In Ekiti

Zamfara Residents Hail Tinubu, Matawalle For Eliminating Bandit Leaders Jijji, Kachallah Sagili

JUST-IN: 3 Kebbi PDP Senators Set To Defect To APC, Says Ganduje

Tinubu Building Strong Foundations For Nigerian Children, Says Women Affairs Minister

British-Nigerian Art Dealer, ‘Ochuko’ Ojiri, Pleads Guilty To Terrorism Financing In UK

Police Arrest 8 Suspected Kidnappers, Rescue 25 Ivoirians

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.