CBN

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…

The Central Bank of Nigeria (CBN) has announced a “Naira 4 Dollar Scheme” – an incentive for senders and recipients of international money transfers. The Apex bank made this known in a circular to international money transfer operators…

The Nigerian Senate on Thursday directed the the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to appear before its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes, and Capital Market to…

According to a member of the Monetary Policy Committee (MPC), the Central Bank of Nigeria (CBN) has not stopped any individual from dealing in cryptocurrency. Recall that the Central Bank of Nigeria (CBN) has ordered banks in the country…

Former Vice President Atiku Abubakar has urged the federal government led by President Muhammadu Buhari to avoid policies that will push investors away from Nigeria. Atiku noted that in the face of global economic challenges which is…

The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions against having any transactions in crypto or facilitating…

The Central Bank Of Nigeria, CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), to educate their customers on the revised cheque book, introduced…

The Central Bank of Nigeria (CBN) had on Thursday announced that it has revoked the operating licences of seven payment services providers. mNaija learnt this when the news was made known in a report titled ‘Revocation of operating…

The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks in the country. The report was made public on Friday in a statement titled "Notice of closure of 42 microfinance banks", by the Nigeria Deposit…

The federal government of Nigeria has launched a portal for exited N-Power beneficiaries to apply for Central Bank of Nigeria, CBN empowerment options. Ministry of Humanitarian Affairs, Disaster Management and Social Development, which…

Despite the warning issued against the black market by the Central Bank of Nigeria (CBN) about impending doom, Naira continue to grow weaker at the parallel market or black market to N487 against the United States Dollar on Wednesday.…

If your business is ready to take a leap or you just need working capital to keep your business running, a loan could be a good option for you. AGSMEIS is a federal government intervention funding scheme through CBN that promotes Agric…

The Central Bank of Nigeria (CBN) has opposed a bid to remove the Ajami (Arabic) inscriptions on Nigeria naira notes. It told the Federal High Court that it would cost the country a “colossal sum of money” to discard the existing notes…

Back in August, the Minister of Youth and Sports Development, Mr. Sunday Dare disclosed that the Ministry of Finance and the Central Bank of Nigeria will both make provision for funds towards the launch of the N75 billion National Youth…

Nigeria foreign exchange reserves have dropped by $47.33 million to close weekend at $35.77 billion, increasing the fears of further depreciation in the nation’s currency. Recall that the Central Bank of Nigeria, CBN has commenced an…