CBN Issues Microfinance Bank License to Awash, a Fintech Platform
Central Bank of Nigeria (CBN) has issued a microfinance bank license to Awacash, a fintech platform, this represents a significant ...
Tag: CBN
Fiscal Challenges Mount as Revenue Sources Shrink in Two Months
The Federal Government of Nigeria experienced fiscal deficits of N930.8 billion in the first two months of 2023, as reported ...
“We Reached a Point of Frustration with Cryptocurrency Operators,” says CBN
The Central Bank of Nigeria (CBN) has explained its decision to halt the growth of digital currencies in the country, ...
CBN Dismisses Reports of Naira Devaluation, says Exchange Rate remains N465/$1
The Central Bank of Nigeria (CBN) has refuted the claim that it has devalued the naira. Isah AbdulMumin, the spokesperson ...
Microfinance Banks Review Recapitalization Status after CBN License Revocations
The decision by the Central Bank of Nigeria (CBN) to revoke the licenses of some microfinance banks (MFBs) has prompted ...
Frustration Mounts as Interest Rates Skyrocket for Nigerian Manufacturers
The Central Bank of Nigeria (CBN) is already facing a backlash from the Manufacturers Association of Nigeria (MAN) after the ...
CBN’s 100-for-100 Policy Injects N173.31b to Revitalize Manufacturing
The Central Bank of Nigeria (CBN) has implemented the 100-for-100 Policy on Production and Productivity (PPP) to stimulate investments in ...
NDIC Assures Swift Payment to Depositors of Closed Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has pledged to expedite the payment process for depositors of 179 Microfinance Banks and ...
CBN Revokes Licenses of 132 Microfinance Banks
The Central Bank of Nigeria (CBN) has taken the decision to revoke the operating licenses of 132 Microfinance Banks, three ...
e-Naira is Facing Limited Usage but CBN Seems Resolute
The Central Bank of Nigeria (CBN) continues to push forward with the e-Naira digital currency, undeterred by its disappointingly low ...
Emefiele says Dangote Repays 70% Loan for Refinery Construction
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced that the Dangote Group has successfully repaid approximately ...
CBN Approves Four Mint Companies to Print Cheques
According to a circular issued by the Director of the Banking Services Department, Sam Okojere, the Central Bank of Nigeria ...
Standard Chartered Launches 4th Women In Tech Programme
Standard Chartered Bank (Nigeria) Limited has unveiled the fourth edition of its SC Women in Technology Incubator, aimed at fostering ...
FCMB Founder Subomi Balogun Dies in London
The Founder of First City Monument Bank (FCMB) Group, Subomi Balogun, passed away on Friday morning at age 89. Balogun, ...
Lopsided Fortunes: Nigerian Banks Flourish, Customers Grapple with Failed Transactions
Nigerian banks have been experiencing a surge in profits, with five of the country's largest banks ranking among the top ...