Tag: CBN
CBN instructs payment service providers to start tracking PoS transactions
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The Central Bank of Nigeria (CBN) requires all Payment Service Providers to route all electronic or physical transactions…
Providus bank announces ₦3 trillion boost from strategic merger
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Providus Bank stated that the Central Bank of Nigeria (CBN) has granted preliminary approval for the merger with…
Network International unveils a $250M payment platform for telcos and banks
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Network International, a Dubai-based payment services provider, has launched its innovative $250 million digital payment platform, Network One,…
NOVA Bank pledges unmatched PHYGITAL banking experience for Nigerians
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NOVA Bank Limited, formerly NOVA Merchant Bank, has officially commenced operations as a national commercial bank. With the…
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Cybersecurity levy circular withdrawn by CBN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…
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