Bitcoin News Nigeria, Reporting on Fintech, Bitcoin, Ethereum, Blockchain and Cryptocurrency News in Nigeria


CBN, NIBSS Launches AfriGo, Nigeria’s First National Payment Card.

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The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) have unveiled Nigeria’s first National payment card named AfriGo.At the virtual unveiling yesterday, the CBN Governor, Godwin Emefiele, said the card was designed to cater to local…

Central Bank of Nigeria Ends Dollar Charges On Domestic Card Transactions.

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The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Thursday declared that going forward, dollar charges on all domestic cards and online transactions would not be permitted. Emefiele said all transactions on existing local bank cards…

Central Bank Of Nigeria To Begin Execution Of National Domestic Card Scheme

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The Central Bank of Nigeria says that it will start the implementation of  the national domestic card scheme, which is scheduled to become operational today, January 16, 2023. A statement from the Director, Corporate Communications, CBN, Osita Nwanisobi, said Nigeria…

Jambites For 2023 UTME Exams To Pay Exam Registration Fee With eNaira CBDC. 

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The Joint Admissions and Matriculation Board (JAMB) has announced partnership with the Central Bank of Nigeria to use Nigeria Central Bank Digital Currency CBDC eNaira for registration payment of its 2023 UTME exams.  CBN also said the development would eliminate…

Court Orders CBN To Freeze Account Of Polaris Bank.

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On Thursday, a high court sitting in Akure, the Ondo state capital, granted a garnishee order directing the Central Bank of Nigeria(CBN) to freeze the account of Polaris Bank over a judgment debt of N2.16 billion. A garnishee order is…

Nigeria Lawmakers Order Central Bank To Suspend The New Cash Withdrawal Limit Policy.

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The House of Representatives at Thursday plenary asked the Central Bank Governor, Mr. Godwin Emefiele to suspend implementation of the N100k withdrawal limit policy. Emefiele was invited to appear on Thursday next week to explain to the House the impact…

Breaking: Central Bank Of Nigeria Restricts Cash Withdrawal To N100,000 Per Week.

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The Central Bank Of Nigeria today, announced new cash withdrawal limits for individuals and organizations, which takes effect from January 9, 2023. According to a new memo to banks issued on Tuesday and signed by the Director of Banking Supervision,…

New Naira Notes Will Boost Monetary Policies: CBN

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Nigerian central bank governor, Godwin Emefiele said that the recently launched naira banknotes are expected to force currency dealers to return “hoarded currency [back] into the banking system.” In a speech delivered at the new naira banknotes unveiling ceremony, Emefiele…

CBN Asks University Students To Pay School Fees With eNaira, As Nigeria CBDC Records 8 Billion Worth Of Transactions. Tops PwC Global CBDC chart.

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The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the eNaira has recorded 700,000 transactions valued at N8 billion since its inauguration on Oct. 25, 2021. The apex regulatory bank asked university students to pay school fees with…

CBN To Release New Redenominated / Redesigned Naira Notes

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The Central Bank of Nigeria is set to release new naira of the N200, N500 and N1000 notes in a bid to control money supply. Godwin Emefiele, Governor, CBN revealed this on Wednesday during a press briefing where he said…

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