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Nigeria’s central bank orders banks to remove misleading ads by Jan. 2026, enforcing truth in financial promotions.
The Central Bank of Nigeria has ordered financial institutions to immediately remove non-compliant advertisements, citing violations of consumer protection rules.
The directive, issued on November 27, 2025, bans misleading claims, exaggerated benefits, omitted risks, unaudited financial references, and chance-based promotions like lotteries.
Ads must now be factual, transparent, and submitted for notification with compliance documentation.
While notifications are for monitoring only, institutions must submit compliance attestations within 30 days.
Starting January 2026, the CBN will enforce penalties for violations under BOFIA 2020 and consumer protection regulations.
El banco central de Nigeria ordena a los bancos que eliminen los anuncios engañosos para enero de 2026, imponiendo la verdad en las promociones financieras.