Tag: CBN
Naira Stability: CBN Opens FX Window to IMTOs
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International Money Transfer Operators (IMTOs) may sell foreign exchange in the official window as long as the value…
CBN’s Licence Revocation and Heritage Bank: NDIC’s Role
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The Nigerian Deposit Insurance Commission (NDIC) has started liquidating Heritage Bank following its appointment as liquidator by the…
CBN lifts Opay, Moniepoint, others account ban following compliance efforts
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The Central Bank of Nigeria (CBN) has announced that the ban on new account openings for leading fintechs,…
Who is Afraid of Cryptocurrency in Nigeria?
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Cryptocurrency is a digital payment system that does not depend on banks for transaction verification. It’s a peer-to-peer…
Cybersecurity levy circular withdrawn by CBN
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The Cybercrime Prevention and Prohibition Amendment Act of 2024’s proposed cybersecurity levy, as suggested by the Central Bank…
Stakeholders decry CBN’s clampdown on Cryptocurrency
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Stakeholders in the blockchain industry have blamed Nigeria’s cryptocurrency trading challenges on the policies of the Central Bank…
Lawmakers urge CBN to withdraw Cybersecurity levy
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In a recent development, the House of Representatives has called upon the Central Bank of Nigeria (CBN) to…
Why CBN’s Cybersecurity levy on electronic transfers is crucial
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The National Security Adviser would supervise the cyber security levy deduction process, according to the Central Bank of…
Seven Key Facts about Nigeria’s Consumer Credit Scheme CREDICORP
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President Bola Ahmed Tinubu has approved the first phase of the Consumer Credit Scheme in Nigeria for implementation. …
CBN bans fintechs from international payments services
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In a significant regulatory overhaul, the Central Bank of Nigeria (CBN) has taken a bold step by announcing…
