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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...

Agro-processors, Others to Access up to N2bn Under Private Sector-led Scheme-...

The Central Bank of Nigeria, CBN has disclosed that companies, individuals and agro-processors of agricultural commodities would be able to access up to a...

Gadol Financial Services Gets CBN’s Operating Licence

Gadol Financial Services Limited, has received the final approval by the Central Bank of Nigeria (CBN) to operate in the financial market. Commenting on...

CBN to Promote Zero Balance Account Opening

The Central Bank of Nigeria has said it will promote opening of new accounts with zero balance as part of its efforts towards boosting...

CBN Distributes N770m Inputs, Cash to Cocoa Farmers

The Central Bank of Nigeria (CBN) has commenced the distribution of inputs and cash worth N770 million to 221 cocoa farmers in 10 cocoa...

Greenwich Trust Limited Gets Merchant Banking License from CBN

The Central Bank of Nigeria (CBN) has granted Greenwich Trust Limited a licence to operate as a merchant bank in the country. This was disclosed...

Maize Importation: CBN issues emergency approval to four firms

The Nigerian Customs Service (NCS) has confirmed that four firms have been issued emergency approval by the Central Bank of Nigeria (CBN) to import...