Browsing Tag
cbn
36 posts
POS Banking Agents: CBN’s New Rules And its Impact
POS banking agents are grappling with new challenges following the Central Bank of Nigeria’s (CBN) recent cash disbursement…
OPay Gets CBN Award For Financial Inclusion Innovation
OPay, Nigeria’s leading financial institution has been recognized with the prestigious IFIC Award for Financial Inclusion Innovation…
Nigeria Cash Shortage Sparks Penalties for Banks
Nigeria faces a prolonged cash shortage, and the Central Bank of Nigeria (CBN) is taking action. The CBN…
Raenest Secures IMTO Licence
Nigeria based fintech, Raenest, has announced that it has secured an International Money Transfer Operator (IMTO) licence from…
CBN Lifts Ban Over OPay, Kuda, Others
The Central Bank of Nigeria (CBN) has lifted its ban on OPay, Moniepoint, Kuda, Palmpay, and Paga. The…
CBN Withdraws Cybersecurity Fee Order
The Central Bank of Nigeria (CBN) has revoked its cybersecurity levy order, three days before its implementation. On …
Crypto Startups Begin Applications for SEC Licences
Crypto startups have started applying for the SEC lisence following the Nigerian Central Bank’s reversal a ban on…
CBN to restrict accounts without BVN or NIN from withdrawing
Directing all commercial banks to electronically verify and link BVN or NIN to accounts and wallets by January 31, 2024, the CBN specified that this rule applies to different levels of accounts
Central Bank of Nigeria (CBN) launches Price Verification System (PVS)
The PVS requires importers and exporters of goods and services into and out of Nigeria to register on CBN’s dedicated electronic portal.
CBN unfreezes 440 bank accounts 2years after court granted a 6month hold
The restriction was initiated in 2021, after the CBN claimed illegal forex transactions on the accounts, the high court granted a request to hold the accounts for 180 days.