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Central Bank of Nigeria

Features

CBN Appoints New Executives In Response to Alleged Infractions

Eva Sgroi -
The Central Bank of Nigeria, announced in a statement on January 10, 2024, its appointment of new executives for Union Bank, Keystone Bank, and Polaris Bank following the dissolution of the banks on the same day. The newly appointed executives,...
FinTech

Fintech: Clickatell Partners the Central Bank of Nigeria to Increase eNaira Services

Luis Monzon -
Clickatell, a CPaaS innovator and Chat Commerce leader, has partnered with the Central Bank of Nigeria (CBN) to deliver fast, simple, and cost effective eNaira banking services to all Nigerians using the USSD channel, eliminating the need for data...
Mobile and Telecoms

MTN Nigeria Attains Approval to Operate Mobile Money Bank (MoMo)

Zintle -
MTN Nigeria received approval from the Central Bank of Nigeria on Monday to operate Mobile Money (MoMo). MTN Nigeria's Mobile Money (MoMo) service has more than 9-million users since it launched in 2019. According to TechCabal, the approval means that...
FinTech

Airtel Africa Could Soon Operate as a “Super Agent” in Nigeria

Luis Monzon -
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its subsidiary Airtel Mobile Commerce Nigeria has been granted approval in principle by the Central Bank of Nigeria...
FinTech

Nigeria’s eNaira Launches But Why Are Banks Suddenly Getting Cold Feet?

Luis Monzon -
Nigeria is set to become the first African country to launch a digitised version of its currency today. The historic rollout of the 'eNaira' is an effort that Nigeria's Central Bank (CBN) is calling a milestone in a "long...
FinTech

Nigeria’s Central Bank Launches eNaira Website

Luis Monzon -
The Central Bank of Nigeria (CBN) has officially launched its Central Bank Digital Currency (CBDC) website for the eNaira. Last month, the CBN announced that it was working with Barbados-based fintech firm Bitt Inc as a technical partner to launch...
FinTech

Nigeria Prepares to Launch Own Cryptocurrency – “eNaira”

Luis Monzon -
Nigeria is working with fintech Bitt Inc as a technical partner to launch the country's own cryptocurrency - the eNaira - according to the Central Bank of Nigeria (CBN). The Barbados-based Bitt Inc earlier in 2021 led the development of...
FinTech

Nigeria’s Central Bank Freezes Accounts of 4 Major Fintech Platforms

Luis Monzon -
The Central Bank of Nigeria (CBN) has sought to freeze the bank accounts of four major Nigerian fintech platforms, namely Risevest, Bamboo, Trave and Chaka. These four platforms will have their accounts frozen for the next six months, according to...
FinTech

New Guidelines for Mobile Money Operators Issued by CBN

Luis Monzon -
The Central Bank of Nigeria (CBN), the country's top regulator of banking activities, has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria. Changes in regulations mostly focus on streamlining and increasing the...
FinTech

Why the Central Bank of Nigeria is Cracking Down on Forex Sales

Luis Monzon -
The Central Bank of Nigeria (CBN) has banned the sales of foreign exchange (FX/Forex) to Bureau De Change (BDC) operators in Nigeria. The registration of new BDC operators has also been halted with immediate effect. Godwin Emefiele, CBN's governor, made...
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OpinionMamsi Nkosi -

How can Companies Predict & Prevent Cyber-Attacks with (Gen) AI

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