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African Countries With The Highest Interest Rates in May 2025

By TechtvNetwork
May 26, 2025
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As inflation and currency volatility persist across Africa, several central banks have responded by tightening or holding their monetary policy rates. According to the May[more...]

Business

CBN Bans Banks And Fintechs From International Money Transfers

By TechtvNetwork
February 3, 2024
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The ban comes amid the apex bank's resolve to maintain stability in Nigeria’s foreign exchange market The Central Bank of Nigeria (CBN) has banned banks[more...]

Business

Why We Sacked the MD’s of Union, Titan, Keystone And Polaris Banks – CBN

By TechtvNetwork
January 11, 2024
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The Central Bank of Nigeria has dissolved the entire Board of Directors of Polaris, Titan, Union, and Keystone Banks. The implicated banks and their respective[more...]

Business

Bank CEOs, Others in Merger, Acquisition Talks

By TechtvNetwork
November 26, 2023
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Indications emerged on Saturday that the chief executive officers and other top executives of Deposit Money Banks had begun moves to raise fresh capital to[more...]

Business

7 Things to know about new CBN Governor, Cardoso

By TechtvNetwork
September 16, 2023
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President Bola Ahmed Tinubu approved on Friday the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria[more...]

Business

Nigeria’s Apex Bank Mandates Financial Institutions to Obtain Customers’ Social Media Handles

By TechtvNetwork
June 25, 2023
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Financial institutions have been mandated by the Central Bank of Nigeria (CBN) to obtain the social media handles of customers for the purpose of identification.[more...]

Business

10 Day After Supreme Court Ruling, CBN Okays Use of Old Naira Notes

By TechtvNetwork
March 14, 2023
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Ten days after Nigeria’s Supreme Court ruled that the N200, N500 and N1,000 notes would remain legal tender until December 31, 2023, the CBN has[more...]

Tech

CBN Names Isa Abdulmumin as New Spokesperson

By TechtvNetwork
February 26, 2023
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The Central Bank of Nigeria (CBN) has appointed Isa Abdulmumin as Acting Director of the apex bank’s Corporate Communications Department. Abdulmumin, a Deputy Director, succeeds[more...]

Business

Naira Redesign: Evaluating the Effectiveness of CBN’s Communication

By TechtvNetwork
February 23, 2023
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There is a popular theory that Nigerians are resilient. The CBN naira redesign policy put that famous theory to the test in several ways. People[more...]

Business

BREAKING NEWS! Supreme Court Fixes March 3 for Judgement on New Naira Note

By TechtvNetwork
February 22, 2023
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The Supreme Court on Wednesday adjourned judgement in the new naira policy suit to March 3, 2023. With the apex court’s decision, Nigerians, especially consumer[more...]

Tech

Cellulant’s Payment Service Solution Provider Licence Renewed by CBN

By TechtvNetwork
February 17, 2023
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The Central Bank of Nigeria (CBN) has renewed Cellulant’s Payment Service Solution Provider License in Nigeria. This license enables Cellulant to continue providing online and[more...]

Business

BREAKING: Buhari Extends Old N200 Notes Validity by 60 Days

By TechtvNetwork
February 16, 2023
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President Muhammadu Buhari has extended the validity of the old N200 notes by 60 days. The President announced this in his nationwide address on Thursday,[more...]

Business

CBN opens Portal for Old Naira Notes deposits

By TechtvNetwork
February 16, 2023
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The Central Bank of Nigeria has opened a portal for the collection of old naira notes from people who still have the notes with them.[more...]

Business

BREAKING: Nigerian Supreme Court Stops Old Naira Notes Deadline Implementation

By Don Pedro Aganbi
February 8, 2023
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The Supreme Court on Wednesday temporarily halted the move by the Federal Government through the Central Bank of Nigeria to ban the use of the[more...]

Business

Traders, Buyers Adopt Online Cash Transfer as Naira Scarcity Lingers

By TechtvNetwork
February 5, 2023
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Most traders and buyers have resorted to the use of online cash transfers because of the shortage of cash in the system following the Federal[more...]

Business

JUST IN: Real Reason CBN Extended Old Naira Expiration Deadline till February 10

By TechtvNetwork
January 29, 2023
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The Central Bank of Nigeria (CBN) has extended the expiration of the three series of Naira which include the N200, N500, and N1,000 notes till[more...]

Business

Interswitch Secures CBN’s Payment Service Holding Company License

By TechtvNetwork
January 26, 2023
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Interswitch Group one of Africa’s leading financial technology and integrated payments solution providers has announced receipt of a Payments Service Holding Company (PSHC) License issued[more...]

Business

CBN, NIBSS Set to Launch National Card Scheme for Nigeria

By TechtvNetwork
January 26, 2023
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The Central Bank of Nigeria announced in 2022 that it will be launching a National Domestic Card Scheme in conjunction with the Nigeria Inter Bank[more...]

Business

CBN Meets PoS Agents; Urge Supermarkets, Eateries to Reject old Notes

By TechtvNetwork
January 22, 2023
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In a move to meet the January 31 deadline for the old N1,000, N500 and N200 notes to cease being legal tender, the Central Bank of[more...]

Business

Important things to Note as CBN’s Credit Card Takes Off

By TechtvNetwork
January 17, 2023
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The Central Bank of Nigeria, CBN is set to launch the much-awaited domesticated credit card for use by the Nigerian banking population today. As reported by The[more...]