Cardoso Unveils Initiatives to Boost Payment Turnaround, Streamline Approval Processes, Others
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has unveiled two transformative initiatives aimed at improving payment…
Tag: CBN
Cardoso: 1,000 CBN Staff Exited Voluntarily with Full Benefits
*Recapitalisation: Analysts foresee mergers of tier-2 banks The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday,…
CBN Sets N1.2m Daily Transaction Limit for PoS Agents to Promote Cashless Economy
Yemi Obafemi In a bid to promote a cashless economy, the Central Bank of Nigeria (CBN) has set a daily…
CBN Clears the Air on Naira Notes, Reaffirms Legal Tender Status
Victoria Mbangwa The Central Bank of Nigeria (CBN) has dispelled growing rumors about the impending invalidation of the old Naira…
Moniepoint, Opay, fined 1B for regulatory infractions in 2nd quarter
Nifemi Babasanmi Moniepoint and OPay, two of Nigeria’s popular fintechs, have been fined N1 billion each by the Central Bank…
To Mitigate Risks, Boost Investments, CBN, IFC Sign $1 billion Deal to Support Local Currency Financing
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), yesterday, signed an agreement to increase local currency financing to…
CBN Reaffirms Commitment to Financial System Stability
Yemi Obafemi The Central Bank of Nigeria (CBN) has reaffirmed it commitment in fostering a secure banking environment where depositors…
CBN Maintains Monetary Tightening Regime, Raises MPR Further to 27.25%
Unconvinced by the relative decline in inflation in July and August, the Monetary Policy Committee (MPC) of the Central Bank…
Sacked Staff Drag CBN to Court, Demand Payment for Entitlements, General Damages
The Central Bank of Nigeria (CBN) has been dragged to National Industrial Court (NIC) by over 100 of its staff…
CBN Declares $553 Million Remittance Inflows Amid FX Reforms
The Central Bank of Nigeria (CBN) yesterday reported a significant increase in remittance inflows, which peaked at $553 million in…