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Nigerian Naira

Five bank charges Nigerians pay for electronic transactions

Recently, the Central Bank of Nigeria (CBN) directed banks operating in the country to start charging a cybersecurity levy on transactions.A circular from the...
Cbn

Banks should suspend charges on deposits till September – CBN

The Central Bank of Nigeria (CBN) has directed commercial banks to stop charges on cash deposits until September 30, 2024.The apex bank disclosed this...
CBN

CBN orders banks to charge 0.5% cybersecurity levy

Nigerian banks have been directed by the Central Bank of Nigeria (CBN) to implement a cybersecurity levy on financial transactions.A circular from the apex...
Cbn

Binance: Regulating cryptocurrency is not CBN’s role – Governor

The Central Bank of Nigeria (CBN) governor, Yemi Cardoso, has revealed in the context of the recent clash between the federal government and Binance,...
Binance Lists NGN

FULL LIST: CBN bans Binance, OctaFX, Coinbase, others over forex crisis

The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market.Binance is a digital...
Nigerian Naira

Nigerian Banks Induce Customers To Convert Dollar Deposits To Naira

Nigerian commercial banks are set to be reportedly inducing their customers to sell the foreign currencies domiciled in their branches.It was gathered that some...
Cbn

CBN approves cNGN stablecoin for February launch

The Central Bank of Nigeria (CBN) has approved the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The new...
Cbn

Cash Withdrawal: CBN releases new guideline for Crypto transactions

Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions; the Central Bank of Nigeria (CBN) has disclosed.Withdrawals from...
Cryptocurrencies

CBN finally lift ban on Cryptocurrency trading in Nigeria

The Central Bank of Nigeria (CBN) has changed its decision taken on crypto assets in the country and directed banks to disregard its earlier...
Cbn

Five Top Exporters Earn $22m In Two Months – CBN

Top five exporters earned $22m in April and May, figures obtained from the Central Bank of Nigeria (CBN) have revealed.The CBN disclosed in its...
Cbn

FOREX: CBN Stops Banks From Utilising Naira Devaluation Gains

The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay...
Flutterwave Launches Swap To Solve Nigeria’s FX Problems, Backed By The CBN

Flutterwave Launches Swap To Solve Nigeria’s FX Problems

In an attempt to digitize the Nigerian Foreign Exchange (FX), Flutterwave has launched Swap which is backed by the Central Bank of Nigeria (CBN)....
SabiMOni and CBN

How to Register for CBN SabiMoni

Recently, the Central Bank of Nigeria (CBN) has announced that Nigerians can now enroll in the financial literacy e-learning platform SabiMONI.The Apex bank announced...
Cbn

How To Apply For The CBN TIES Loan 2023 – ₦500M Grant

The CBN TIES Loan is a great program that gives Nigerian college graduates the skills they need to start their own businesses. This helps...
eNaira speed wallet

CBN To Use eNaira For $800m Cash Transfer Scheme

In an effort to drive a cashless economy, the Central Bank of Nigeria has suggested the use of eNaira for cash transfers during the...
Nigerian Govt officially unveils Nigerian Digital Currency e Naira

Naira Note Scarcity: CBN launches USSD for eNaira on Bullnet

The Central Bank of Nigeria (CBN) has launched the USSD channel of the Central Bank Digital Currency tagged the eNaira on Bullnet platform to...
New Naira Notes

CBN Finally Bows To Pressure, Extends Collection Of Old Notes Deadline

The Central Bank of Nigeria (CBN) has bowed to pressure as it has finally extended the deadline for the exchange of old naira notes...
Cbn

CBN Domestic Card Scheme Takes Off

In line with its mandate to promote stability, inclusion and growth in the financial and payment system, the Central Bank of Nigeria (CBN) has...
New Naira Notes

How to Withdraw money from Bank above CBN’s Withdrawal Limit

On Wednesday, December 21, the Central Bank of Nigeria (CBN) announced the increase of the maximum weekly limit for cash withdrawals across all channels...
New Naira Notes

CBN unveils Security Features of New Naira Notes – [See Images]

The Central Bank of Nigeria (CBN) has unveiled the security features of the new Naira notes.Many Nigerians have been asking a series of questions...

Recent Posts

Blum

Crypto Mining: Blum adds Quests Feature in Tasks Tab

Blum, a rapidly growing force in the blockchain and cryptocurrency ecosystem, has unveiled a groundbreaking feature: Quests within the Tasks tab.This addition is poised...