Nigeria’s Remittance Inflows Through IMTOs Surge to $4.76 Billion Amid CBN Reforms
Nigeria witnessed a sharp rise in foreign exchange inflows via International Money Transfer Operators (IMTOs) in 2024, with a total ...
Tag: CBN
CBN Governor Declares Naira Competitive, Highlights Economic Gains from Reforms
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared the naira to be competitive in the ...
JUST IN: CBN Retains Monetary Rates at 27.5%
The Central Bank of Nigeria (CBN) has decided to maintain its Monetary Policy Rate (MPR) at 27.5 per cent, following ...
CBN Reassures MSMEs and General Public of Banking Sector’s Stability
The Central Bank of Nigeria (CBN) has moved to reassure MSMEs, depositors, and the wider public that the country’s banking ...
Dollar Transaction Limits Disrupt Nigeria’s Travel Industry, Threaten Travel Agencies
Travel agencies in Nigeria are facing mounting pressure following the Central Bank of Nigeria’s (CBN) policy limiting daily dollar withdrawals ...
OPay’s Security Questions Are Back and Smarter Than Ever
Opay has officially rolled out its improved security question feature, adding another protection layer to keep user accounts safe from ...
Mixed Loan Trends Reveal Struggles in Nigerian Banking Sector Amid High Interest Rates
Nigerian banks are reporting mixed outcomes in customer lending between the fourth quarter of 2024 and the first quarter of ...
CBN Fines Paystack ₦250 Million over Zap Operations, Citing Licencing Breach
Nigeria’s Central Bank has fined Paystack, one of the country’s most prominent fintech companies, ₦250 million ($190,000) for allegedly operating ...
CBN Approves Open Banking Launch, Sets August 2025 Rollout for Data Sharing Across Financial Institutions
The Central Bank of Nigeria (CBN) has officially approved the implementation of open banking in the country, making Nigeria the ...
CBN Directs Banks to Adopt PAPSS for Transaction Processing
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and ...
