cbn

The Central Bank of Nigeria (CBN) has announced that the eNaira’s next update would support DSTV renewals, recharge card purchases, air travel ticket payments, among others. This was disclosed by Yusuf Abdul Jelil, eNaira project representative, at an event for the sensitisation and activation of e-Naira Wallet organised by the CBN in collaboration with Oshodi […]

Governor of the Central Bank of Nigeria, Godwin Emefiele, has picked the All Progressives Congress N100m presidential nomination and expression of interest form. He reportedly picked up the form on Friday in the Federal Capital Territory. When contacted on Friday for a reaction, a leader of the Emefiele Mobilisation Team, Attah Jacob, in a telephone […]

The Central Bank of Nigeria (CBN) has developed guidance on anti-money laundering/combating the financing of terrorism (AML/CFT) for other financial institutions (OFIs). In a circular signed by Chibuzo Efobi, director, financial policy and regulation department, this is to assist the sub-sector in the identification, assessment, as well as mitigation of money laundering and terrorist financing […]

THE Central Bank of Nigeria (‘CBN’) has granted Airtel Mobile Commerce Nigeria Ltd, a subsidiary of Airtel Africa, a full super-agent license. This license, according to the telecommunications giant, allows it to create an agency network servicing the customers of licensed Nigerian banks, payment service banks and licensed mobile money operators in Nigeria. This final […]

The Federal Government of Nigeria has recorded a N2.23tn fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained from the Central Bank of Nigeria’s (CBN) economic report for the fourth quarter of 2021. The report stated, “Federation receipts in the fourth quarter of 2021 declined, following shortfalls in oil revenue. At N2.84tn, provisional […]

The Central Bank of Nigeria (CBN) has responded to reports about a fire outbreak at its Makurdi, Benue State branch. This was disclosed in a Press release signed by Osita Nwanisobi, Director, Corporate Communications of the CBN. Nariametrics reported that the fire incident at the Makurdi branch of the CBN in Benue State was allegedly started in the bank’s […]

The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report noted that […]

The Central Bank of Nigeria(CBN) through its Financial Services Regulation Coordinating Committee (FSRCC) has advised Nigerians to stop dealing with unlicensed or illegal financial operators in the country. The CBN through FSRCC gave the advice in a statement posted on its website on Monday. It is said that the illegal financial operators lure and defraud […]

The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. To this end, the CBN has warned banks to stop including composed currency notes in their deposits or risk paying a penalty of 400 per cent of the value of the […]

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 […]


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