Browsing Tag
Central Bank of Nigeria
19 posts
CyberSecurity: Central Bank of Nigeria Launches ‘NoGoFallMaga’ Campaign
The Central Bank of Nigeria has partnered with cybersecurity stakeholders to launch a new cyber awareness campaign tagged…
Central Bank of Nigeria Launches Supervisory Guidelines for PSBs
The Central Bank of Nigeria (CBN) has introduced various initiatives to enhance access to financial services for the…
SERAP Sues President Buhari Over $25bn CBN Overdrafts
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court in Abuja…
Nigeria’s SEC Working with CBN to Lift Crypto Trading Ban
He stated that the exchange commission had halted the implementation of cryptocurrency assets guidelines due to a lack of access to Nigerian Deposit Money Bank accounts.
Nigeria’s Monetary Policy Committee Meet
Following the passage of the Central Bank of Nigeria Act (2007) into law by the National Assembly, the…
Nigeria’s External Reserves Dipped by $523m in Two Weeks
The external reserves, which had recently continued to spiral downward, lost $1.1bn in February, after it dipped from $36.19bn as of February 1, fell to $35.09bn as of February 26.
Nigeria’s Apex Bank and Communications Commission Peg USSD Charges at N6.98
According to the joint statement signed, the N6.98k per financial transaction conducted at Commercial Banks and all CBN-licensed institutions would replace the current per session billing structure which was N10, thereby ensuring a cheaper average cost for customers to facilitate financial inclusion.
Nigeria’s Foreign Exchange Inflow Soars to $23.60bn
Consequently, the aggregate foreign exchange inflow in the fourth quarter of 2020 was $23.6bn, compared with $21.46bn and $36.32bn in the third quarter of 2020 and the corresponding quarter of 2019, respectively.
Nigeria’s Central Bank Bans Cryptocurrency Trading
"Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrencies exchange is prohibited."
Kenyan Start-up Pula Raises $6 Million in Series A Funding
The start-up specialises in digital and agricultural insurance to protect smallholder farmers in Africa from risk.