Central Bank of Nigeria Grants Pan African Fintech: Flutterwave Nigeria’s Highest Payment Processing License.
Flutterwave, Pan African fintech company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN)— widely regarded as CBN’s most...
More Money For Nigerian Bank Customers ? CBN Increases Interest Rate On Savings Account Deposits.
The Central Bank of Nigeria (CBN), earlier in the week has directed banks to increase the minimum interest rate payable on savings deposits from 10 percent to...
eNaira Hackathon: Central Bank of Nigeria, Fintech Support Org To Support Ten Start Ups.
The Central Bank of Nigeria (CBN) in collaboration with the Africa Fintech Foundry (AFF) ; an Access Bank initiative that aims to nurture and accelerate...
Nigerians Has Traded Near N500 Billion In Bitcoin Despite CBN Ban
Nigerians traded N497.35bn ($1.16bn) worth of Bitcoin from the beginning of 2021 to June 2022, indicating an increasing prominence of the digital currency in the...
“Set Naira Free” Expert Tells CBN, Says Naira Is Overvalued By 200%.
The Managing Director of Financial Derivatives Company Limited (FDC), Bismarck Rewane in an interview earlier in the week said that the Naira was over-valued by...
Have You Used The eNaira? How Far Has The Nigeria’s Digital Currency Fared ?
The first year anniversary of the live launch of the eNaira is coming up on October 25, 2022. It will be exactly one year since...
Nigerian Banks Allegedly Engage In Fraudulent Transactions And Unauthorized Personal Data Usage.
A new investigative report has alleged that financial institutions are unabashedly engaging in fraudulent financial activities without sanctions from the regulatory bodies. The report accused...
Nigeria Central Bank To Focus On Crypto, Fintech… In New Monetary Policy.
The Governor, Central Bank of Nigeria, CBN, Godwin Emefiele, has said that the Monetary Policy Committee will chart a new course for an improved monetary...
Nigeria Central Bank “Naira For Dollar” Scheme Fail To Stop Naira Depreciation.
The Central Bank of Nigeria (CBN)’s attempt to boost the nation's forex market through the “Naira for Dollar” scheme has failed as shown by the...
Customers To Provide Indemnity For Online Transfers Above One Million Naira: CBN.
In recent circular sent to commercial banks, the Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity from customers for...