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Central Bank of Nigeria to Launch Digital Currency Before December

The Central Bank of Nigeria (CBN) has disclosed plan to launch a digital currency before the end of this year. The Director, Information Technology, CBN,...

CBN Licenses 10 More International Money Transfer Operators

The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to boost...

CBN increases target credit facility for households, MSMEs to N300 billion

The Central Bank of Nigeria (CBN) has set aside another increased the amount set aside for the Target Credit Facility (TCF) for households, Small...

CBN Announces New Charges for USSD Services

The Central Bank of Nigeria (CBN) has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said from Tuesday...

Apply NOW! COVID-19 Targeted Credit Facility Application Portal Re-Opened for New...

Nirsal Microfinance Bank has announced on twitter that the application portal  for the Targeted Credit Facility for COVID-19  which was launched last year as...

CBN to Increase Agric Sector Lending to 10%

The governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele has disclosed that the apex bank  is set to increase banking sector...

CBN Approves New Categories of Licenses for Payment Systems

The Central Bank of Nigeria (CBN) has published a press releases on its website providing approval for a new license categorization system for the...

CBN revokes licenses of seven payment service providers

The Central Bank of Nigeria (CBN) has revoked the operating licenses of seven payment service providers and one payment switching firm. The affected firms are...

WorldRemit Announces USD Payout Option In Nigeria

WorldRemit, a leading digital cross-border payments business has announced that its customers in Nigeria can now receive remittances in foreign currency (USD) through its...

CBN Invests N25bn in Cassava Value Chain in 2020

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has disclosed that it has boosted cassava value chain with N25 billion in the current...