CBN

The Central Bank of Nigeria (CBN) has announced that it has received over 8 million loan applications for its COVID-19 targeted credit facility (TCF) and over 600,000 applications have already been processed and loan disbursed. Osita…

In a bid to improve supply and bring in foreign exchange into the country, Vice President Yemi Osinbajo has asked the Central Bank of Nigeria (CBN) to devalue the naira. Osinbajo made this public on Monday during the opening ceremony of…

The Central Bank of Nigeria (CBN), through Targeted Credit Facility (TCF), has disbursed N343.21billion to 726,198 beneficiaries, comprising 602,730 households and 123,468 Small and Medium Enterprises (SMEs). The CBN Governor, Godwin…

The Central bank of Nigeria CBN recently postponed the launch of the eNaira indefinitely. The digital currency was supposed to be unveiled on October 1st, 2021. However, the postponement is not preventing banks from onboarding the eNaira…

The Central Bank of Nigeria (CBN) has suspended the launch of its digital currency, called e-Naira. This is coming hours to its scheduled launch on October 1st – Independence Day. The suspension of the launch was announced by CBN…

The Non-Interest Targeted Credit Facility (TCF) is a stimulus package to support household and Micro, Small, and Medium Enterprise (MSMEs) affected by the COVID-19 pandemic. It is a non-interest term facility targeted at small businesses…

The Central Bank of Nigeria (CBN) recently approved a Non-interest facility loan and now opened the application portal for households, SMEs and AGSMEIS under NIRSAL Micro Finance Bank. As earlier mentioned, interested applicant can go…

Technical Partner for digital currency, e-Naira has been selected by the Central Bank of Nigeria (CBN) has and the lucky Fintech company is Bitt Inc.. e-Naira is expected to be launched before the end of 2021. Governor Godwin Emefiele…

Nigeria government recently announced the guidelines surrounding the e-Naira project and here is everything you need to know about the Nigeria digital currency with wallet name speed wallet. 1. The Nigeria digital currency (e-Naira) will…

In the detailed presentation sent to Nigerian banks on the e-Naira project, CBN sets a transaction limit for customers, non-interest-bearing CBDC status, and an account value limit. Nairametrics reported that the CBN sent a presentation…

The Central Bank of Nigeria (CBN) has issued a strong warning to microfinance banks in the country, to stop engaging in foreign exchange transactions and other unauthorised dealings. In a circular titled "Cessation of Non-Permissible…

The Nigerian naira has continue to fall against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. mNaija learnt that the local currency has dropped to 517 against the US currency at the parallel…

The Central Bank of Nigeria (CBN) has revealed its plan to prosecute anyone found spraying naira notes at social events such as weddings, burial ceremonies and others. In a statement on Tuesday signed by, the apex bank described the act…

The Central Bank of Nigeria (CBN) said that it has no plan to convert the foreign exchange in domiciliary accounts of bank customers into naira as speculated. This was disclosed by the Acting Director in charge of Corporate…

The Central Bank of Nigeria (CBN) has announced the ban of sale of Foreign Exchange (Forex) to Bureau De Change (BDCs) operators in the country. While speaking at the end of the monetary policy committee meeting in Abuja on Tuesday, the…

The Central Bank of Nigeria (CBN) has finally announced that it will be launching the pilot scheme of its digital currency on October 1, 2021. The Apex bank with its stakeholders outlined its digital currency initiative via a private…

The Central Bank of Nigeria, CBN, has released Regulatory Guidelines and Framework for Mobile Money Services in the country. According to the apex bank, the introduction of mobile telephony in Nigeria and its rapid growth and adoption…

The Central Bank of Nigeria (CBN) will soon start minting money for the Central Bank of the Gambia. This is coming after an agreement has been reached in principle between the CBN Governor, Godwin Emefiele, and his Gambian counterpart, …

The Central Bank of Nigeria, CBN, has announced is planning to launch its digital currency before end of this year. The apex bank has also intensified efforts through awareness fair for easy access to its various intervention funds. The…

The Central Bank of Nigeria (CBN) has yet again officially devalued naira as a result of its introduction of the new Nigerian Autonomous Foreign Exchange (NAFEX). The Nigeria apex bank has depreciated the currency by 8 percent, to…