Payments service holding companies to pay N1m for licence – CBN
Companies intending to offer switching and processing as well as mobile money services in Nigeria will now have to set ...
Tag: CBN
SPECIAL REPORT: Tomato farmers grapple with waste after CBN’s N250billion intervention
A N250 billion intervention by the Central Bank of Nigeria to address shortfall in local production of fresh tomatoes has ...
Don’t hoard forex, manufacturers warn banks
The Manufacturers Association of Nigeria (MAN) has asked commercial banks to comply strictly with the Central Bank of Nigeria (CBN) ...
Bureau De Change operators dare CBN, vow to remain in business
The Association of Bureaux De Change Operators of Nigeria (ABCON) will continue providing foreign exchange services to the public in ...
CBN stops Forex sales to BDCs, retains interest rate at 11.5%
The Central Bank of Nigeria (CBN) on Tuesday announced that it had stopped the sale of foreign exchange (FX) to ...
Solvency: CBN gives banks clean bill of health
The Central Bank of Nigeria (CBN) has assured that all deposit money banks (DMBs) and other financial institutions under its ...
CBN to launch digital currency October 1
The Central Bank of Nigeria (CBN) will launch the pilot scheme of its digital currency by October 1, 2021. This ...
SMEs, travellers to get more FOREX – CBN
Small and Medium Enterprises (SMEs) and travellers are set to get more foreign exchange (FOREX) as the Central Bank of ...
We accept Osinbajo’s advice on cryptocurrency ban – CBN
The Central Bank of Nigeria says it has accepted the Vice President Yemi Osinbajo’s advice on the regulation of digital ...
Revised new cheque book to become operational April 1 – CBN
The Central Bank of Nigeria (CBN) says the revised cheque book will become fully operational from April 1, 2021. It ...