The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has agreed to retain the Monetary Policy Ratio (MPR) at 11.5 per cent. Mr Godwin Emefiele, CBN Governor, made this announcement on Friday […]
The Central Bank of Nigeria (CBN) has said that Nigeria will work with Bitt Inc as a technical partner in its bid to launch its own cryptocurrency, the eNaira. The CBN announced the formal engagement […]
The February 26, 2021 intervention of Vice President Yemi Osinbajo on the row created with the ban of cryptocurrency in Nigeria, by the apex bank is yielding results with the resolve of the Central Bank […]
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have introduced new charges for customers for the Unstructured Supplementary Service Data (USSD) services, effective March 16. This is contained in a joint […]
Nigeria’s Vice President Yemi Osinbajo has called for a “robust regulation” of digital currency in the country’s financial system, against the prohibition of this cryptocurrency by the Central Bank of Nigeria (CBN). Prof. Osinbajo, speaking […]
The Central Bank of Nigeria (CBN) has warned commercial banks and other financial institutions to desist from dealing in cryptocurrency, declaring it illegal. It thereby ordered the closure of such accounts in commercial banks with […]
The Nigerian government has said that he accounts of the 20 #EndSARS campaigners were frozen because the funds in their accounts might have been linked to terrorist activities. This was stated by the Federal Government […]
The Central Bank of Nigeria (CBN), has devalued the country’s naira at one of its currency auctions, it was learnt. The CBN Governor Godwin Emefiele, had, last month, announced that the bank planned to unify […]
Bank in Nigeria have suspended the sacking of staff, a development which recently caused ripples in the industry amid coronavirus panic. The country’s apex bank, the Central Bank of Nigeria (CBN) disclosed this is a […]
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