Tag Archives: cbn

CBN removes N379/$1 exchange rate from website

The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that…
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CBN Bans Fintech Companies From Providing BVN Validation Services For Customers

The Central Bank of Nigeria has reportedly banned fintech companies and other non-bank financial institutions in Nigeria from providing the Bank Verification Number…
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BREAKING: CBN bans Nigerians from buying, selling bitcoin, other cryptos

Central Bank of Nigeria has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions. In…
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CBN issues modalities for payout of diaspora remittances in dollars

The Central Bank of Nigeria (CBN) has issued a circular setting out the Modalities for Payout of Diaspora Remittances. The apex bank has…
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CBN issues framework for Regulatory Sandbox Operations in Nigeria

Ths Central Bank of Nigeria has taken proactive steps towards ensuring more flexible ways of engaging with operators in the payment solutions/fintech space,…
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Update On Globasure’s Revoked PTSP Licensees By CBN

The Central Bank of Nigeria (CBN) has revoked the operating licenses of Seven (7) Payment Services Providers. This was contained in an official…
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Details of CBN’s new intervention schemes for non-interest financial institutions

The Central Bank of Nigeria (CBN) has recently launched a total of eleven intervention schemes aimed at increasing access to finance by non-interest…
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CBN Bans the Importation of Maize

CBN Bans the Importation of Maize

The Central Bank of Nigeria (CBN) has directed all authorised dealers to immediately discontinue the processing of Forms M for maize/corn importation into…
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CBN reveals how much has been disbursed from N50 billion COVID-19 intervention fund

CBN reveals how much has been disbursed from N50 billion COVID-19 intervention fund

The Central Bank of Nigeria (CBN) has announced the disbursement of over N49 billion out of N50 billion targeted facilities for households and…
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Central Bank of Nigeria cashless policy

The Central Bank of Nigeria (CBN) developed the cashless policy in 2012, which required a daily total limit of N500,000 and N3,000,000 on…
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