“We have Massively Supplied Banks with new Naira Notes” – CBN Governor
The Central Bank of Nigeria has emphasized that there is no shortage of new Naira notes as the January 31 ...
Tag: CBN
CBN, NIBSS Unveil Afrigo Card; Nigerian National Domestic Card Scheme
Afrigo card is operated by AfrigoPay Financial Services Limited (AFSL), a national domestic card scheme duly licensed by the Central ...
CBN Makes U-turn, Daily Withdrawal Limit on ATMs now N20k from N100
On Thursday, reports claimed that the Central Bank of Nigeria (CBN) initiated a new directive that will reduce the daily ...
CBN, NIBSS on the Verge of Making History with Domestic Card Scheme Unveiling
The Domestic Card Scheme is tipped to transform the African payment ecosystem
CBN Backs FCMB to Seek Local Investors
The First City Monument Bank (FCMB) Group's management aims to boost the company's liquidity for operating financing. The capital market ...
[BREAKING] CBN Raises Interest Rate from 16.5 to 17.5%
To "aggressively" control inflation, the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which measures interest rates, ...
TAP Launches Cowry Card Cashless Fare Collection Technology on new LRMT Blue Rail Line
Touch and Pay Technologies , a Nigerian fintech company and a leading processor of micro-transactions in Africa, announced today that ...
CBN may Increase Interest Rate after MPC Meeting Today
As a two-day meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) gets underway on ...
Bureaux De Change Operators say Currency Redesign Boosting Naira Stability
According to the Association of Bureaux De Change Operators of Nigeria (ABCON), the Naira's stability on the black market has ...
7 Facts about the National Domestic Card Scheme System
The Central Bank of Nigeria (CBN) recently introduced National Domestic Card Scheme (NDCS) became effective January 16, 2023. There are ...
Naira Redesign: CBN Launches Cash Swap Programme, Targets Underserved Areas
According to the programme, the old ₦1000, ₦500, ₦200 notes can be exchanged for the newly redesigned notes and, or ...
Redesigned Naira: 50% of Nigeria’s Unbanked Poor Could Lose Savings – Report
Inclusion for all data analysis indicates conditions for exchange of old Naira notes could disproportionately impact vulnerable populations
Over 6,000 BVNs come under CBN Watch as Fraud Surges
According to information released by the Central Bank of Nigeria (CBN), there are at least 6,047 Bank Verification Numbers (BVNs) ...
World Bank says Nigeria Lost $144b in 4 years over CBN Exchange Rate Policies
The Central Bank of Nigeria's (CBN) approach to managing exchange rates has drawn criticism from the World Bank once again ...
Stransact (Chartered Accountants) Cautions Against Excessive Regulation
Recently, the CBN announced that individuals will only be able to withdraw N100,000 per week (from over-the-counter, point-of-sale machines or ...