CBN Explains Why It Banned Cryptocurrency Transactions In Banks
The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country, claiming the digital currency is used for ...
Tag: CBN
CBN Halts Cryptocurrency Exchanges in Nigerian Banks
The Central Bank of Nigeria has ordered banks and other financial institutions to close the accounts of cryptocurrency exchanges, information ...
CBN Approves N412/$1 For February NDF Settlement
The Central Bank of Nigeria has increased its annual Non-Deliverable Forwards (NDF) to N452.82. The NDF which is expected to ...
Two Million Farmers Benefited From CBN’s N554.6bn Intervention in 5 Years
The Central Bank of Nigeria (CBN) said it has disbursed N554.61 billion to 2,849,490 farmers within the past five years ...
CBN Pumps N18.58bn Credit To DisCos To Boost Power Supply
The Central Bank of Nigeria (CBN) has earmarked N18.58 billion worth of credit to Electricity Distribution Companies (DisCos) to procure ...
CBN Disbursed N1.79trn For Financing Development Schemes In 2020
The Central Bank of Nigeria (CBN) said it disbursed N1.79 trillion for financing development in nine schemes from January to ...
CBN To Review All Emerging Innovations In Financial Sector
The Central Bank of Nigeria has said it would review all emerging products and solutions being introduced by licensed institutions. ...
CBN Boosts Naira With $4.37bn in 2020 Q3
In a bid to stabilise the naira, the Central Bank of Nigeria (CBN) injected $4.37bn into the foreign exchange market ...
CBN Says Defaults on Loans with Collateral Increased in Q4
Defaults on loans with collateral increased in the fourth quarter of 2020, according to the Central Bank of Nigeria. The ...
CBN Revokes Licenses of 7 Payment Service Providers
The Central Bank of Nigeria (CBN) has revoked the operating licences of seven payment service providers (PSP), and one switch ...
