eNaira
Cryptocurrency

eNaira: CBN Publishes Preliminary Guidelines For Digital Currency

The Central Bank of Nigeria (CBN) has issued guidelines for eNaira, its proposed digital currency to Nigerian banks. The guidelines

CBN
Legal Regulation

CBN Freezes Accounts of Four Investment Fintechs Trove, Chaka, Rise & Bamboo

The Central Bank of Nigeria (CBN) has reportedly freezed the accounts of four investment fintechs in the country including Trove,

CBN
Cryptocurrency

CBN to Launch Digital Currency By End of 2021

The CBN has now that it may launch a digital currency by the end of 2021. This was announced by

CBN
Cryptocurrency Government Regulation

CBN Governor Says Cryptocurrency Will Have a Place in Nigeria

Despite his concerns and reservations about cryptocurrency, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has assured Nigerians that

CBN
Fintech Regulation

Top Nigerian Fintechs to Pay ₦2bn Licensing Fee to CBN

The Central Bank of Nigeria (CBN) has released new capital requirements for fintechs in Nigeria. In a publication on its website, titled

First Bank
Banking Regulation

CBN Removes Ibukun Awosika & Other First Bank Board of Directors, Reinstates Sola Adeduntan As MD

The Central Bank of Nigeria (CBN) has wielded its regulatory big stick on First Bank of Nigeria, by removing all

CBN
Banking Fintech

In Another Regulatory Clampdown, CBN Bars Fintechs From Using BVN For KYC

The Central Bank of Nigeria (CBN) has reportedly barred fintech companies and other non-bank financial institutions in Nigeria from providing

CBN
Banking Money Transfer

CBN Unveils N5 for Every $1 Scheme to Boost Diaspora Remittances

The Central Bank of Nigeria (CBN) has introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders

CBN
Banking Cryptocurrency

SEC Says No Contradictions With CBN Memo to Restrict Crypto Transactions

The Securities and Exchange Commission (SEC) has finally commented on the Central Bank of Nigeria (CBN) circular ordering banks and

CBN
Banking Cryptocurrency Government

Senate Invites CBN Governor, DG SEC Over Cryptocurrency Ban

The Senate has directed its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes and Capital Market to