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CBN To Freeze Account Of 194 BDC Operators
- By Martins Ayotunde
- . April 11, 2021
The Central Bank of Nigeria (CBN) is set to freeze 194 bank accounts owned by Bureaux de Change firms and other organisations so as to







CBN Set To Cut Wheat Importation By 60%
- By Martins Ayotunde
- . March 26, 2021
Under its new import substitution program, the Central Bank of Nigeria (CBN) is set to reduce the importation of wheat by 60 percent over the







CBN Introduces N6.98 Service Charge For USSD Banking Transactions
- By Martins Ayotunde
- . March 17, 2021
The Central Bank of Nigeria (CBN) has introduced a new policy imposing ₦6.98 service charge on Nigerians for all USSD transactions. Customers will pay a







CBN New Policy Proposes N5 Rebate For Every Dollar Remitted
- By Martins Ayotunde
- . March 6, 2021
The Central Bank of Nigeria has introduced a rebate of N5 for every $1 of fund remitted to Nigeria, through International Money Transfer Organisations in







CBN To Increase Agric Sector Loan By 10%
- By Martins Ayotunde
- . March 2, 2021
Central Bank of Nigeria (CBN) is set to increase banking sector credit to agric sector from the current 4% to 10 per cent by 2024.



CBN Backs Govt. Decision To Sell National Assets
- By Martins Ayotunde
- . February 26, 2021
The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from







Ban On Cryptocurrency Meant To Protect Nigerians – CBN
- By Martins Ayotunde
- . February 23, 2021
The Central Bank of Nigeria (CBN), has stated that its directive to banks to ban cryptocurrency transactions was to protect other Nigerians involved in transparent



IMF Backs CBN On Cryptocurrency Ban
- By Martins Ayotunde
- . February 17, 2021
The International Monetary Fund (IMF) has backed the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.



Senate Summons CBN, SEC Over Ban On Cryptocurrencies
- By Crown Tob
- . February 11, 2021
The Senate has summoned the Governor of Central Bank, Godwin Emefiele, and Securities Exchange Commission for an explanation for the recent ban on Cryptocurrency operations




CBN Clarifies Ban On Cryptocurrencies, Cites Volatility, Stability Of Bitcoin
- By Martins Ayotunde
- . February 7, 2021
The Central Bank of Nigeria (CBN) has clarified controversies trailing its latest directive to Deposit Money Banks (DMBs) to desist from transacting in cryptocurrencies. The