eNaira
Cryptocurrency

CBN, Africa Fintech Foundry to Support 10 startups to Boost Adoption of eNaira

The Africa Fintech Foundry (AFF) has partnered with the Central Bank of Nigeria (CBN) to support 10 startups, to boost the

Risevest
Legal Regulation

Court Unfreezes Risevest Accounts Weeks After it Was Blocked by CBN

A Federal High Court sitting in Abuja has ordered with immediate effect the unfreezing of the bank accounts of Risevest,

eNaira
Cryptocurrency Regulation

CBN Postpones Launch of eNaira

The Central Bank of Nigeria (CBN) has announced the postponement of the launch of the country’s digital currency, eNaira. This is coming

abokiFX
Regulation

CBN Goes After AbokiFX, Declares Founder Wanted

abokiFX denies allegation, temporarily suspends online publication of rates The Central Bank of Nigeria (CBN) has disclosed that the activities

Bamboo
Fintech Investment Regulation

Court Temporarily Unfreezes Bamboo Accounts to Allow Startup Pay Salaries, Rent

A federal high court sitting in Abuja has ordered that the accounts of Bamboo Systems Technology Limited and Bamboo Systems

eNaira
Cryptocurrency

CBN Selects Bitt Inc as Technical Partner For eNaira Launch

The Central Bank of Nigeria (CBN) has announced the formal engagement of the global fintech company, Bitt Inc., as the

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
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