Nigeria Invites Shareholders, Depositors Of Failed Banks To Come And Receive Their Claims.
The Nigeria Deposit Insurance Corporation (NDIC) has urged shareholders, creditors and depositors of the 20…
Central Bank of Nigeria Grants Pan African Fintech: Flutterwave Nigeria’s Highest Payment Processing License.
Flutterwave, Pan African fintech company has been granted a Switching and Processing License by the…
More Money For Nigerian Bank Customers ? CBN Increases Interest Rate On Savings Account Deposits.
The Central Bank of Nigeria (CBN), earlier in the week has directed banks to increase the minimum…
eNaira Hackathon: Central Bank of Nigeria, Fintech Support Org To Support Ten Start Ups.
The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) ;…
Nigerians Has Traded Near N500 Billion In Bitcoin Despite CBN Ban
Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022,…
“Set Naira Free” Expert Tells CBN, Says Naira Is Overvalued By 200%.
The Managing Director of Financial Derivatives Company Limited (FDC), Bismarck Rewane in an interview earlier…
Posted inNEWS
Have You Used The eNaira? How Far Has The Nigeria’s Digital Currency Fared ?
The first year anniversary of the live launch of the eNaira is coming up on…
Posted inEconomy NEWS Regulations
Nigerian Banks Allegedly Engage In Fraudulent Transactions And Unauthorized Personal Data Usage.
A new investigative report has alleged that financial institutions are unabashedly engaging in fraudulent financial…
Posted inNEWS
Nigeria Central Bank To Focus On Crypto, Fintech… In New Monetary Policy.
The Governor, Central Bank of Nigeria, CBN, Godwin Emefiele, has said that the Monetary Policy…
Posted inNEWS
Nigeria Central Bank “Naira For Dollar” Scheme Fail To Stop Naira Depreciation.
The Central Bank of Nigeria (CBN)’s attempt to boost the nation's forex market through the…
Posted inNEWS
Customers To Provide Indemnity For Online Transfers Above One Million Naira: CBN.
In recent circular sent to commercial banks, the Central Bank of Nigeria has ordered banks…
Posted inNEWS
CBN Open Banking Guidelines To Allow Banks Share Customers Data With Retailers.
Recently, the Central Bank of Nigeria (CBN) published proposed guidelines that would introduce an ‘open…
Posted inNEWS
CBN Gives Airtel License To Operate Digital Mobile Money Banking.
The Central Bank of Nigeria has awarded Airtel Africa subsidiary, Airtel Mobile Commerce Nigeria Ltd,…
Posted inNEWS
Nigeria’s Central Bank Places $2 Million Fines On 3 Nigerian Banks Over Crypto Trading.
The Central Bank of Nigeria has fined three Nigerian commercial banks a total of N800…
Posted inNEWS
45 Million Nigerian Bank Accounts Not Linked To BVN: CBN Explains.
Dachung Bagos, a member of the House of Representative from Plateau State has alleged that…
Posted inNEWS
CBN To Stop Sale of Forex To Banks.
The Central Bank of Nigeria has announced plans to end the sale of Forex to…
Posted inNEWS
CBN Devalues Naira, Modifies Forex Rate.
The Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to N413.49/$1 —…
Posted inNEWS
Kuda Bank Targets Crypto Traders, Embarks on Account Closing Spree.
Kuda Bank has has reitrated its firms resolve to close accounts of any of it's…
Posted inNEWS
Fintechs in Nigeria Receive $500 Million in 5 Years.
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele stated that Nigeria financial technology…
Posted inNEWS
Pan African Payment and Settlement System (PAPSS) Kicks Off.
African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat announced the…
Posted inNEWS
Pan African Payment and Settlement System (PAPSS) Kicks Off.
African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat announced the…
Posted inNEWS
Update: CBN Declares Abokifx Founder Wanted.
Central Bank of Nigeria has declared Oniwinde Adedotun Abokifx founder wanted for breaching National Economic…
Posted inNEWS
Who Will Help Naira ? Falls Further To 570 Against Dollar.
Naira depreciated further against the U.S. dollar at the forex and crypto unofficial market on Wednesday. However, the…
Posted inNEWS
Central Bank of Nigeria Collaborates With Int’l Fintech Company Bitt Inc For eNaira.
The Central Bank of Nigeria (CBN) has revealed that Bitt Inc., an international fintech firm,…
Posted inNEWS
Nigerians in Diaspora Now Remits Fund Through Cryptocurrency As Official Remittance Falls by $6 Billion.
Are Nigerians and in diaspora using cryptocurrencies to bypass a struggling naira when they send…