CBN Places Over 6,000 BVNs on Watch List Over Fraudulent Transaction
According to information released by the Central Bank of Nigeria (CBN), there are at least 6,047 Bank Verification Numbers (BVNs) on its watch list due[more...]
Tag: #cbn
CBN Makes U-turn, Increases Withdrawal Limit to 500,000 Weekly
he CBN also warned all banks and other financial institutions that aiding and abetting circumvention of the new policy will attract severe sanctions. The Central[more...]
Banks Reconfigure ATMs As New Naira Enters Circulation Today
The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.[more...]
House of Reps order CBN to suspend new cash withdrawal limits
n a stunning turn of events, the Central Bank of Nigeria (CBN) has been ordered by the House of Representatives to suspend the new cash[more...]
5 Things to Know About the CBN’s New Policy on the Naira
Nigerians had opportunity to see the new banknotes after they were unveiled by President Muhammadu Buhari during the Federal Executive Council (FEC) meeting at the[more...]
5 Reasons Why the Nigerian Naira was Redesigned
Business Insider presents 5 reasons why the Naira was redesigned. These reasons were listed at the unveiling of the new Naira note by the governor[more...]
5 Important Things to Know About the Central Bank of Nigeria Redesigning the Naira
The Central Bank of Nigeria has announced that the Naira would be redesigned. Returning of current denominations is to begin effective immediately. Every so often,[more...]
CBN Marks 1st Anniversary of eNaira
The Central Bank of Nigeria (CBN), has unveiled activities to mark the first anniversary of its digital currency, the eNaira. The eNaira, which is Africa’s[more...]
Foreign Education Gulped $609.5m in Eight Months — CBN
Nigerians spent $609.5m on foreign education between January and August 2022, The PUNCH has learnt. The figure is contained in the data obtained from the Central Bank[more...]
Bill Seeking to Remove CBN Governor as Board Chairman Catastrophic
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has urged the National Assembly to jettison the bill seeking to remove[more...]
13 banks Generate N2.04 Trillion From CBN’s increase in Monetary Policy Rate (MPR)
Since the Central Bank of Nigeria, CBN introduced a hike in the Monetary Policy Rate (MPR) from 11.5 per cent to 13 per cent in June 2022, 13[more...]
Nigerians Get N130.9bn Agric Loans Since Inception, Says CBN
The Federal Government has guaranteed 1,232,326 loans valued at N130.903 billion under the Agricultural Credit Guarantee Scheme Fund (ACGSF) from its inception in 1977 to[more...]
Remita Introduces eNaira on Payment Platform
REMITA Africa’s leading electronic payment brand, has introduced e-Naira, the digital currency of the Central Bank of Nigeria (CBN), as an additional payment option across[more...]
VFD Microfinance Bank MD, Gbenga Omolokun Calls for Collaboration in the FinTech Space
Gbenga Omolokun, Managing Director, VFD Microfinance Bank has emphasis the need to strengthen and deepen collaboration in the Nigerian FinTech space in other to benefit[more...]
12 Key takeaways of Titans of Tech conference 2021 – IoT can start by urgently setting up a working Group – speakers
Information Technology experts have called for increased attention to emerging technologies and key implementations for increased economic benefits. The speakers unanimously agreed in their submissions[more...]
Nigeria Loses N25Bn to Twitter Ban in Days
NetBlocks, a watchdog organization that monitors cybersecurity and the governance of the Internet, has reported that Nigeria has lost N24.72bn ($60.14m) in 10 days to[more...]
Banks Lose over N5Bn to Cyber Fraud in 9 Months- NIBSS
The Nigeria Inter-Bank Settlement System Plc (NIBSS) has said that over N5bn was lost to fraudulent activities in the Nigeria Banking sector from January to[more...]
