Banks
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Tech Hub
Banks, Fintechs to Launch cNGN Stablecoin February 27
A consortium of Nigerian financial institutions, fintech, and blockchain experts, the Africa Stablecoin Consortium is set to launch a compliant…
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Business
CBN to Sanction Banks aiding Operations of Unlicensed Foreign Firms
The Central Bank of Nigeria has said it will sanction banks assisting the operations of unlicensed foreign firms. It stated…
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News
BREAKING: Nigerians to Visit Banks for Cash on Saturday, Sunday
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the…
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News
BREAKING: CBN orders Banks to Collect old N500, N1,000 notes
The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public…
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Markets
Access Bank, Zenith, UBA, 6 Others Downgraded by Agency
An international rating agency, Moody’s Investors Service, has downgraded nine Nigerian banks following its downward review of Nigeria’s rating last…
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News
CBN Halts Over-The-Counter Withdrawal of New Notes
The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of new naira…
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Markets
CBN Reduces Charges On Electronic Transactions, See Updated Charges
The Central Bank of Nigeria (CBN) has announced a reduction of fees for electronic banking operations in its published guidelines…
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