The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that it would work with law enforcement agencies like the Economic and Financial Crimes Commission (EFCC) and the Independent
CBN Orders Fintech Firms OPay, Palmpay, Kuda Bank, Moniepoint To Suspend Onboarding of New Customers
The Central Bank of Nigeria (CBN) has ordered four fintech companies to suspend the onboarding of new customers until further notice. The affected fintech firms, namely OPay, Palmpay, Kuda Bank, and Moniepoint,
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The Central Bank of Nigeria (CBN) has ordered banks to recapitalize as it “embarked on a comprehensive financial reform aimed at bolstering the stability and resilience of the nation’s banking sector. This
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According to report, the Central Bank of Nigeria’s Intervention Funds Programme, estimated at N10.3 trillion, has achieved a repayment rate of 75.8%. This information is according to a report detailing the breakdown
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Banks, yesterday, increased cash payout to customers leading to a sharp reduction in the long queues and massive crowds that characterised the cash dispensary points in the last two and half months.
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The Naira redesign policy of the Central Bank of Nigeria (CBN) has brought mass suffering on the citizens of the country while the economy is in danger, the Lagos State House of
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The Central Bank of Nigeria (CBN) on Sunday, elucidated that for now, banks are only authorised to dispense the new N200, N500 and N1,000 banknotes through Automated Teller Machines (ATMs). The apex
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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that it would work with law enforcement agencies like the Economic and Financial Crimes Commission (EFCC) and the Independent
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President Muhammadu Buhari on Wednesday in Abuja launched the new Naira banknotes, expressing delight that the redesigned currencies are locally produced by the Nigerian Security Printing and Minting (NSPM) PLC. Speaking at
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The Central Bank of Nigeria (CBN) has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable customers return existing naira notes. The Central Bank of
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