Browsing Tag
cbn
93 posts
CBN bans cash dollar payments for Personal and Business Travel Allowance, orders banks to process them electronically
CBN's new policy highlights the new shift in foreign transactions and adapting to electronic means for accessing both personal and foreign travel allowances.
CBN partners Central Bank of Egypt on fintech regulation and financial inclusion
The Central Bank of Nigeria (CBN) has signed two major memorandums of understanding (MoUs) with the Central Bank…
With nearly 58 million BVN issued, why is fraud rate still rising in the banking sector?
However, despite this substantial growth in the number of issued BVN, there is still a concerning prevalence of fraud in the banking sector.
CBN warns against international money transfer to Russia, Cameroun, others
CBN issues out warning to Deposit Money Banks and Other Financial Institutions.
Only 15% of Nigerians use social media but the CBN demands that banks verify handles as a KYC requirement
The Central Bank of Nigeria (CBN) has recently announced a new regulation that mandates banks to collect and…
The many ‘crimes’ of former CBN governor, Godwin Emefiele
President Bola Ahmed Tinubu has suspended Godwin Emefiele as the Governor of the Central Bank with immediate effect.…
Central Bank of Nigeria hikes interest rate to 18.5% amid soaring inflation
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced its decision to increase…
7 facts you should know about the National Domestic Card Scheme System
Last year, the Central Bank of Nigeria announced that it would launch a national domestic card scheme in…
Abeg changes name to PocketApp, gets AIP to operate as mobile money operator
PocketApp received an AIP from the CBN for a license application to operate as a Mobile Money company
Central Bank of Nigeria grants Airtel full agency banking license
The final approval followed an earlier approval-in-principle which was given by the apex bank back in November 2021.