CBN plans regulatory framework for cryptocurrencies
The Central Bank of Nigeria has said it will bring up a regulatory policy framework for the implementation of cryptocurrencies in the country. It disclosed
Tag : CBN
CBN to reduce cash-based transactions by 2025
The Central Bank of Nigeria has said the use of cash payment will naturally reduce 2025 as the new naira notes circulate in the economy.
DMBs, Merchant banks borrowed N11.01trn from CBN in 2022
Deposit Money Banks (DMBs) and Merchant Banks borrowing from the Central Bank of Nigeria (CBN) discount window known as the Standing Lending Facility (SLF) dropped
CBN: Banks’ annual loans to businesses hit N6.69tr
The value of new cash deposits attracted by banks to their vaults in the last one year rose to N6.69 trillion, the Central Bank of
Reps query NNPC, CBN, others over unaudited accounts
The House of Representatives Committee on Public Accounts has submitted its report on ministries, departments and agencies of the Federal Government who failed to render
Naira redesign to encourage expanded financial inclusion, electronic transactions –CBN
The Central Bank of Nigeria (CBN) says the naira redesign will encourage expanded financial inclusion and other forms of electronic transactions. Ahmed Umar, the Director,
36 million Nigerians lack access to financial services – CBN
The Director of Information Technology at the Central Bank of Nigeria, Rakiyat Mohammed, has said that about 36 million Nigerians currently have zero access to
Clampdown: Currency traders petition IGP, to write Senate, CBN
Foreign currency dealers have complained to the Inspector-General of Police, Usman Baba, about their ordeals in the hands of operatives of the Economic and Financial
New naira notes to be printed locally, says CBN
There is no plan to print the proposed new naira notes outside Nigeria, a Central Bank of Nigeria (CBN) Board member has said. “All the
CBN, NMfB sweep debtors’ accounts to recover loans
The Central Bank of Nigeria (CBN), in conjunction with the NIRSAL Microfinance Bank, (NMFB) has started recovering their loans from Nigerians. Yesterday, many Nigerians started
