The Central Bank of Nigeria on Friday said the eNaira platform was available after the completion of the maintenance process. The apex bank earlier announced that the platform was down …
CBN
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AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
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AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
eNaira services temporarily unavailable, CBN confirms
The Central Bank of Nigeria’s digital currency, eNaira is currently not available due to an ongoing maintenance process, the financial regulator confirmed, Thursday. Recall that the CBN has been at …
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Banking, Finance & InvestmentBusinessNigeriaTechnologyWestern Africa
Flutterwave secures grant by CBN for Switching and Processing license
Africa’s leading payments technology company, Flutterwave has recently been granted a Switching and Processing License by the Central Bank of Nigeria (CBN). The license, which is widely regarded as CBN’s …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessGlobal NewsNewsNigeriaWestern Africa
Fidelity Bank set to acquire Union Bank UK
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank made this known in a corporate filing on …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsNigeriaWestern Africa
CBN records N2.4B diaspora remittances under its Naira 4 dollar scheme
Central Bank of Nigeria (CBN), says Nigeria has recorded $2.4 billion in diaspora remittances under the “Naira 4 Dollar Scheme” in 2022. Director of Trade and Exchange Department CBN, Ozoemena Nnaji …
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AfricaAFRICA NEWSAviationBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Trapped fund: CBN releases $265M to airlines
The Central Bank of Nigeria (CBN),on Friday, released the sum of 265 million dollars to airlines operating in the country to settle outstanding ticket sales. According to a statement issued …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
CBN unveils USSD code for eNaira transactions
The Central Bank of Nigeria (CBN) has unveiled the unstructured supplementary service data (USSD) code for the eNaira to enhance financial inclusion in the country. Godwin Emefiele, CBN governor, inaugurated …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessNewsNigeriaTechnologyWestern Africa
CBN set to introduce USSD code for eNaira as transactions hit N4bn
The Central Bank of Nigeria (CBN) says it will roll out the unstructured supplementary service data (USSD) code for eNaira next week. Godwin Emefiele, CBN governor, revealed this on Thursday …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessEconomyNewsNigeriaWestern Africa
CBN Returns Interest Rate On Intervention Loans To 9%
The Central Bank of Nigeria (CBN) has returned the interest rate on all its interventions back to nine percent from five percent a circular that was released by the apex bank …
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AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyNewsNigeriaWestern Africa
Central Bank of Nigeria Raises interest rate on banks deposits to 4.2%
The Central Bank of Nigeria (CBN) has raised the interest rate on bank customers’ deposits. According to the Apex Bank, bank customers will be getting at least 4.2 per cent …