Tag: Central Bank of Nigeria (CBN)
CBN marks 1st anniversary of eNaira
The eNaira, which is Africa’s first Central Bank Digital Currency (CBDC), was formally inaugurated by President Muhammadu Buhari on Oct.…
Reps directs CBN to suspend sale of Polaris Bank
The House set up an Ad hoc Committee to within 20 days review the total outlay by the Federal Government…
Crude oil refiners task CBN on intervention fund
The fund, like the Agricultural Credit Fund or the Pharmaceutical Fund domiciled at the CBN, will help to drive effective…
CBN releases $265m to settle foreign airlines ticket sales remittances
A breakdown of the figure indicates that $230 million was released as a special FX intervention, while another $35 million…
eNaira: CBN to introduce USSD code for transactions
Emefiele noted that approximately 8 million users are targeted. The first phase of the launch was focused on banked users,…
Africa Fintech Foundry to support 10 startups with eNaira: Daniel Awe
According to Daniel Awe, there was the need to increase the adoption of eNaira in the country, as it enhanced…
CBN to introduce USSD code to improve eNaira
The introduction of the USSD code became necessary to improve financial inclusion in the country and to ensure people without…
Why FG arranged single digit loans for creative industry: Lai Mohammed
According to him, it was in the Federal Government's bid to boost the Nigerian film industry.
Fire guts Benue CBN office
Confirming the incident, Donald Ikyaaza, Director of the Benue State Fire Service, said he received a distress call about the…
CBN vows to punish banks for depositing mutilated Naira notes
CBN said that henceforth, composed banknotes discovered in the deposit of DMBs shall attract a penalty of 400 per cent…
Nigeria to earn $200bn in FX repatriation from non-oil exports – CBN
Emefiele said that the programme was a first step meant to ensure that the CBN was better able to carry…
CBN slashes ATM withdrawal, bank charges: The whole new rates
CBN said the decision came amid public outcry against the multiplicity and value of the charges, and was aimed at…
Nigeria’s Crypto Future: Oke Advocates Responsible Innovation and Policy Reform
Nigeria, once celebrated as Africa’s cryptocurrency trailblazer, now stands at a crucial crossroads. On February 5, 2021, the Central Bank…
CBN to check possible e-Naira hackers
The Central Bank of Nigeria (CBN) has assured that it has put in place effective mechanisms to insulate the e-Naira…
CBN tells FG to boost infrastructure investment
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has urged the Federal Government to prioritise investment in infrastructure to…