CBN Introduces Naira Payout Option for Remittances
In a recent circular, the Central Bank of Nigeria (CBN) has instructed International Money Transfer Operators (IMTOs) to offer remittance ...
Tag: CBN
Foreign Exchange Reforms: BDC Operators Call for Inclusion, Legislation
Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa's biggest economy hopes ...
Lawmakers Demand CBN to Revoke Social Media Disclosure for Customers
The House of Representatives has called on the Central Bank of Nigeria (CBN) to halt the implementation of its directive ...
LAPO Disburses Over N74b in H1 2023, Targets N200b
LAPO Microfinance Bank Limited (LAPO MfB), a prominent microfinance institution based in Nigeria, has reported that it disbursed over N74 ...
Prince Trust International Launches in Nigeria, Aims to Combat Youth Unemployment
Coronation Group, Africa’s investment management group, and the Aig-Imoukhuede Foundation, a philanthropic organisation founded to improve the lives of Africans ...
CBN Seeks Consultant to Implement Payment System Vision 2025
The Central Bank of Nigeria (CBN) has announced its intention to engage a consultant to drive the implementation of the ...
Bank Customers Lost N472m to Fraudsters in Q1 2023
Bank customers in Nigeria lost a total of N472 million to fraudsters in the first quarter of this year, according ...
CBN Addresses Failed Bank Transactions, Returns N115.45b to Consumers
The financial sector, particularly the banking industry, has been undergoing significant transformations with the advent of disruptive technologies in financial ...
Nigerian Banks Warned about Transactions with High-Risk Countries
The Central Bank of Nigeria (CBN) has issued a cautionary message to Nigerian banks, urging them to exercise caution when ...
Former Nigerian Finance Minister Lands World Bank Job Amid Controversy
According to reports, Zainab Ahmed, the former Minister of Finance, has secured a job as an Alternate Executive Director at ...
CBN says Borrowing now Expensive as Banking Industry Growth Slows
According to Aishah Ahmad, the Deputy Governor of the Financial System Stability Directorate at the Central Bank of Nigeria (CBN), ...
World Bank Warns of Potential Increase in Poverty amid Removal of Fuel Subsidy
According to the World Bank, if the Nigerian government doesn't compensate or provide support, approximately 7.1 million impoverished Nigerians could ...
CBN Resumes Offer Quotes for Naira-Settled OTC FX Futures
The recent announcement by the Central Bank of Nigeria (CBN) indicates that it will resume providing offer quotes for Naira-Settled ...
Bank of America: Naira Undervalued After Foreign Exchange Reform
The Bank of America (BoA) has stated that it considers the Nigerian currency, the naira, to be undervalued after the ...
PalmPay Reaches 25m Nigerian Users, Focusing on Financial Inclusion
PalmPay, an Africa-focused fintech platform, announced on Tuesday that it has achieved a user milestone of 25 million on its ...