Tag: CBN
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…
KYC requires bank clients’ social media handles
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The Customer Due Diligence Regulations 2023, which apply to financial institutions under the control of the Central Bank…
CBN emphasizes eNaira as digital payment option for Diasporas remittances
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The Central Bank of Nigeria (CBN) has taken a significant step in advancing its efforts to liberalize the…
CBN vows to ensure mobile payments usage across Nigeria
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The Central Bank of Nigeria (CBN) said at the just-ended Digital Pay Expo 2023 that it is going…
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