CBN Bans Banks And Fintechs From International Money Transfers
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...]
Tag: #cbn
Why We Sacked the MD’s of Union, Titan, Keystone And Polaris Banks – CBN
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...]
Bank CEOs, Others in Merger, Acquisition Talks
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...]
7 Things to know about new CBN Governor, Cardoso
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...]
Nigeria’s Apex Bank Mandates Financial Institutions to Obtain Customers’ Social Media Handles
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...]
10 Day After Supreme Court Ruling, CBN Okays Use of Old Naira Notes
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...]
CBN Names Isa Abdulmumin as New Spokesperson
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...]
Naira Redesign: Evaluating the Effectiveness of CBN’s Communication
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...]
BREAKING NEWS! Supreme Court Fixes March 3 for Judgement on New Naira Note
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...]
Cellulant’s Payment Service Solution Provider Licence Renewed by CBN
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...]
BREAKING: Buhari Extends Old N200 Notes Validity by 60 Days
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...]
CBN opens Portal for Old Naira Notes deposits
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...]
BREAKING: Nigerian Supreme Court Stops Old Naira Notes Deadline Implementation
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...]
Traders, Buyers Adopt Online Cash Transfer as Naira Scarcity Lingers
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...]
JUST IN: Real Reason CBN Extended Old Naira Expiration Deadline till February 10
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...]
Interswitch Secures CBN’s Payment Service Holding Company License
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...]
CBN, NIBSS Set to Launch National Card Scheme for Nigeria
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...]
CBN Meets PoS Agents; Urge Supermarkets, Eateries to Reject old Notes
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...]
Important things to Note as CBN’s Credit Card Takes Off
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...]
Withdrawal Limit: PoS Operators Task CBN, Telecoms Companies on Uninterrupted Service
The stakeholders made the observation in separate interviews with the News Agency of Nigeria (NAN) on Thursday in Lagos. According to them, it is important[more...]
