News
Nigeria: CBN Partners with Gluwa to Boost eNaira Adoption Through Blockchain Innovation
The Central Bank of Nigeria (CBN) has formalized a partnership by signing a Memorandum of Understanding (MoU) with Gluwa, a blockchain firm. This ...
Nigeria
Nigeria: NGX Group Appoints Olufemi Shobanjo as CEO of NGX Regulation Limited
The Board of NGX Group Plc has officially named Mr. Olufemi Shobanjo as the Chief Executive Officer of NGX Regulation Limited (NGX RegCo), ...
Nigeria
Nigeria: CBN Issues Stern Warning on Timely Regulatory Returns to Mortgage Banks, Development Finance Institutions, and Microfinance Banks
The Central Bank of Nigeria (CBN) has issued a firm warning to primary mortgage banks (PMBs), development finance institutions (DFIs), and microfinance banks ...
Nigeria
Nigeria: SEC Announces Stricter Regulations for Digital Assets Operations
The Securities and Exchange Commission (SEC) has unveiled its intention to enhance and update guidelines governing the operations of digital assets and virtual ...
News
Nigeria: CBN Implements Robust Reforms to Tackle Surging Inflation and Stimulate Economy
In the ongoing efforts to address the challenges of soaring inflation and revitalize the economy, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso ...
Nigeria
Nigeria: Binance Ceases Naira Services Amid Regulatory Tensions
Binance, the prominent cryptocurrency exchange, has declared the suspension of services supporting the Nigerian naira on its platform, effective from Tuesday. In an ...
News
Nigeria: IMF Supports CBN’s Decision to Raise Interest Rates
The International Monetary Fund (IMF) has expressed its backing for the Central Bank of Nigeria’s (CBN) move to increase the benchmark borrowing rates ...
News
Nigerian Banks Lag in Implementing NIN/Account Linkage Deadline
As of the March 1st deadline set by the Central Bank of Nigeria (CBN) for the linkage of all bank accounts to National ...
Nigeria
Nigeria Disconnects Millions of Unregistered SIMs Without Verified Digital IDs
As of the February 28 deadline for registration with the National Identity Number (NIN), mobile network operators in Nigeria have disconnected millions of ...
News
Nigeria: MTN MoMo PSB Reports 5.3 Million Active Wallet Users in 2023
MTN Nigeria has announced that its MoMo Payment Service Bank (PSB) achieved a milestone with 5.3 million active wallet users on its platform ...