In a continuation of the Central Bank of Nigeria’s (CBN) increased scrutiny of fintech startups, two of the country’s most prominent unicorns, Moniepoint and OPay, were fined ₦1 billion each
The central Bank of Nigeria on Thursday, October 24, debunked reports that the old naira notes of N200, N500 and N1,000 would cease to be a legal tender by December
The House of Representatives has asked the Central Bank of Nigeria(CBN) to make available more new notes of N200, N500 and N1,000 as well as begin a gradual withdrawal of
The Central Bank of Nigeria (CBN) has issued a directive to all Payment Service Providers to begin routing all transactions conducted through Point of Sale (PoS) terminals. It was gathered
The Federal High Court, Lagos has upheld a new Central Bank of Nigeria (CBN) regulation which requires financial institutions to demand and collect the social media handles of their customers,
The House of Representatives has ordered that the Central Bank of Nigeria (CBN) to immediately suspend the enforcement of the controversial cybersecurity levy. The decision of the House was sequel
Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank of Nigeria. The directive came two days after the EFCC
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official market. This decline has occurred despite various policies implemented by
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has attributed the recent increase in the dollar exchange rate to the rise in Nigerian students who study abroad,
The Central Bank of Nigeria (CBN) has uncovered a $2.4 billion scam involving false foreign exchange claims that have put pressure on the naira and spooked the currency market, Governor
