CBN directs banks to set up FX sales points for travel allowances, others
Deposit money banks (DMBs) in Nigeria have received a directive from the Central Bank of Nigeria, CBN, to set up…
Tag: CBN
CBN cancels capital deposit transfer for BDC licence applications
CBN directive on BDC Licence. The Central Bank of Nigeria, CBN has sent a circular to deposit money banks to…
CBN – $35 billion foreign reserves will cover seven months of import
The Central Bank of Nigeria, (CBN), has said that the country’s foreign exchange reserves at about $35 billion would cover…
CBDC in Nigeria – things to know as CBN launches digital currency, e-naira
The CBN said it will launch a digital naira, e-naira on October 1 A Central Bank of Nigeria, CBN has…
CBN limits the activities of mobile money services in Nigeria, no foreign currency deposits
The guidelines issued by the Central Bank of Nigeria, CBN allows for operations of mobile money services in Nigeria. However,…
CBN excludes telcos as mobile money operators in Nigeria
Mobile money operations have become increasingly important in Nigeria to maintain financial inclusion, robust transactions and promote economic efficiency. The…
CBN Framework for Non-Bank Acquiring in Nigeria
CBN Regulatory Framework for Non-Bank Acquiring in Nigeria The CBN has released a regulatory framework for non-bank acquiring to all…
Most cryptocurrency trading in Nigeria are illegitimate – CBN Gov. Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that there is an ongoing investigation that…
CBN updated licence requirements for mobile money operators
The Central Bank of Nigeria, CBN has a laid out rule and licence requirements for mobile money operators. It covers…
CBN on reducing the cost of cross-border payments through mobile money under AfCFTA
CBN is looking for solutions to enhance mobile money and cross-border payments under AfCFTA. Some of the content of the…