Tag: CBN
NIMC, CBN, others to create Nigerian consumer credit framework
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The Presidential Council on Industrial Revitalization has set up a Technical Working Group, which includes the Federal Competition…
Palmpay launches CBN-compliant KYC process
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As part of a new security update for its app, PalmPay, a well-known fintech company, requires new users…
CBN waives cash deposit processing fees
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The Central Bank of Nigeria (CBN) said that banks nationwide will no longer charge processing fees for large…
SeedFi’s financial inclusion boosts Nigeria’s economy
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The CBN required traditional banks to lend 65% of account users’ funds to build the economy. Although banks…
Bloc MFB gains CBN approval to operate in Lagos
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Bloc MFB, a subsidiary of BlocHQ Limited, has gained CBN approval in principle to start operations in Lagos,…
CBN announces DMBs who distort images, data will pay penalties
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The Central Bank of Nigeria (CBN) announced that Deposit Money Banks (DMBs) that use any form of technology…
CBN introduces FX price verification system portal for importers
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The Foreign Exchange (FX) Price Verification System (PVS) is a new website that was recently introduced by the…
CBN makes N103.8 bn profits from Naira reforms
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The long-awaited audited accounts for the year that ended in December 2022 have been published by the Central…
CBN revokes licenses of 2,698 Bureau de Change operators
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The Central Bank of Nigeria (CBN) has made a big move by announcing the removal of operating licenses…
CBN warns against international money transfer to Russia, Cameroun, others
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The Central Bank of Nigeria (CBN) has cautioned Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in…
