cbn

The Central Bank of Nigeria has stated that the eNaira’s fourth phase will lead to offline and cross-border payment solutions. This was disclosed by the Director, Information Technology Department, CBN, Mrs Rakiya Mohammed, at the licensed payment service providers’ engagement session in Lagos on Monday. She charged licensed PSPs to build additional products and services […]

The Central Bank of Nigeria (CBN) has stated that individuals under its watchlist may be barred from entering a new relationship with any participant (banks) and accessing loans. The CBN disclosed in its Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List for the Nigerian Banking Industry signed by Mr Musa Jimoh, Director, […]

As Bitcoin hits another record high, the Central Bank of Nigeria (CBN) has continued to urge Nigerians to embrace the eNaira, Africa’s first Central Bank Digital Currency (CBDC). The Director of Corporate Communications Department, CBN, Osita Nwanisobi, made the appeal while speaking at the CBN special day at the Lagos International Trade Fair. After US […]

According to PUNCH newspaper, the Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20 various infractions, including the violation of foreign exchange market and anti-money laundering regulations. The banks are Guaranty Trust Holding Company Plc, United Bank for Africa Plc, Access Bank Plc, Stanbic IBTC […]

The Central Bank of Nigeria’s attention has been drawn to criminal and unlawful acts by some persons, as well as a phoney Twitter handle, @enaira_cbdc, purported to belong to the Bank. This was disclosed in a circular titled “Beware of Fraudsters, Fake eNaira Social Media Handles” signed by Osita Nwanisobi Director, Corporate Communications. This is coming days after the […]

FBN Holdings Plc, owner of First Bank Nig. Ltd has issued a disclosure statement to the Nigerian Exchange Group (NGX), providing an update of the substantial shareholders of FBN Holdings Plc as well as answers to questions earlier asked by the NGX. The statement is contained in a letter from FBNH to the NGX dated […]

In its drive to ensure the digital financial inclusion of women and youth across Nigeria, the Central Bank of Nigeria (CBN) and its stakeholders are billed to engage target groups in selected States in order to facilitate their economic empowerment and inclusion. A statement from the CBN noted that the programme also aims at implementing […]

The recently launched enaira speed wallet application has been removed from Google Play Store barely 36 hours after it was launched by the Central Bank of Nigeria (CBN). This is coming after it after was comfirmed that the eNaira initiative had over 200,000 wallets downloaded in 24 hours, indicative of massive interest in the Central […]


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