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CBN

CBN disburses N343.22b credit facility to beneficiaries

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…

Banks are already integrating the eNaira in their apps

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…

CBN suspends e-Naira launch

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…

CBN Name Its Technical Partners for e-Naira

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…

CBN Warns Microfinance Banks Against FOREX Transactions

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…

CBN Ends Sales Of FOREX To BDCs Operators

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…

CBN To Launch Its Digital Currency On October 1

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…

CBN To Start Printing Currency For The Gambia

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, …

CBN Officially Devalued Naira Again

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…
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