Tag: CBN
Mobile money transactions in Nigeria jump to $15 billion in Q1...
Mobile money operators (MMOs) in Nigeria, comprising the likes of OPay, Palmpay, MTN MoMo and others, witnessed a surge in transactions in the first...
Flutterwave, CBN digitize access to Foreign Exchange for Nigerians
Flutterwave, Africa’s biggest FinTech firm has launched Swap, a new product that will digitise the process of getting foreign exchange for Nigerians with the...
Nigerian Parliament halts social media KYC directive to banks
The Nigerian House of Representatives has asked the Central Bank of Nigeria (CBN) to temporarily halt the implementation of an earlier directive to use...
Nigeria sets transaction limit for contactless payments
The Central Bank of Nigeria (CBN) has set a transaction limit for contactless payments made through bank accounts and digital wallets.
In a circular, the...
Central Bank of Nigeria revokes licenses of 139 financial institutions
The Central Bank of Nigeria (CBN) has revoked the operating licenses of four primary mortgage banks, three finance companies and 132 Microfinance organizations in...
Clickatell enables access to eNaira without mobile data
Chat commerce platform Clickatell has partnered with the Central Bank of Nigeria (CBN) to launch a USSD channel for the eNaira to enable Nigerians to...