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 stop accepting instructions from customers …
Tag: CBN
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 seven months import needs of …
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 said that it will issue …
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, it limits MMOs to certain …
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 has now introduced a …
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 deposit money banks, payment service …
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 suggests a substantial percentage of …
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 areas like: Eligibility Capital requirement …
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 financial inclusion newsletter which the …
CBN, Afreximbank to utilise PAPSS to improve trade and payment
The CBN has said that it has plans to to improve PAPSS for trade and payment. The governor of the Central Bank of Nigeria, (CBN) …