CBN LIMITS CARD ISSUING, MERCHANT ACQUIRING MARKET SHARE FOR FINANCIAL INSTITUTIONS. (PHOTO).

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 CBN limits card issuing, merchant acquiring market share for financial institutions The Central Bank of Nigeria (CBN) has introduced new measures aimed at curbing market concentration in the country’s payments ecosystem, including limits on the market share operators can hold across card issuing and merchant acquiring services. Card issuing refers to the provision of payment cards to customers, while merchant acquiring involves processing card payments on behalf of businesses. In a circular signed by Rakiya Yusuf, director of the payments system supervision department, on Monday, the apex bank said the measures are aimed at addressing concerns over market concentration, operational dependence, systemic importance and the localisation of payment transaction data. The CBN said rapid growth in electronic payments and digital financial services has increased the market presence of some operators, raising concerns about competition and resilience in the sector. “Accordingly, the CBN he...
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WORLD ELDER ABUSE AWARENESS DAY 2026: FIRST LADY OLUREMI TINUBU URGES NIGERIANS TO PROTECT RIGHTS AND DIGNITY OF THE AGED. (PHOTO).

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 WORLD ELDER ABUSE AWARENESS DAY 2026: FIRST LADY OLUREMI TINUBU URGES NIGERIANS TO PROTECT RIGHTS AND DIGNITY OF THE AGED


First Lady, Oluremi Tinubu has called on Nigerians to do more towards protecting the dignity, rights, safety, and wellbeing of senior citizens, whose wisdom, sacrifices, and contributions have helped shape our society.


In her message marking the World Elders Abuse Awareness Day 2026 with the theme “Beyond Awareness: Making Elder Abuse Prevention Work,” the First Lady notes that 

elderly citizens deserve to be respected, protected, and cared for, rather than leave them to endure physical, emotional, financial, and psychological abuse.

 

She says as population ages and the challenges of aging begin to emerge, the society must strive to honour and care for the elderly citizens by strengthening systems of care, community support and social protection to ensure that no older person is left vulnerable or abandoned.

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