The National Financial Inclusion Steering Committee headed by the Central Bank of Nigeria (CBN) will host Nigeria’s maiden International Financial Inclusion Conference (IFIC’22) on the 24th and 25th of November 2022 in Abuja, Nigeria. Themed “Financial Inclusion for all: Scaling Innovative Digital Models”, the conference is the first to be held since the […]
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Banks start integrating e-Naira app
Banks have started to onboard the e-Naira feature on their applications. In its latest update, the Guaranty Trust World app has integrated a e-Naira feature. However, when opened, the bank said, “Kindly note that you will need to download and onboard on the CBN e-Naira speed wallet app to create […]
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#TechMoney: CBN Set to launch digital currency in October
The Central Bank of Nigeria has said that it will launch the pilot scheme of its digital currency on October 1st, 2021. According to Nairametrics, the CBN with its stakeholders outlined its digital currency initiative via a private webinar held on Thursday. According to recent report , the CBN’s Governor, Godwin Emefiele had […]
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CBN calls for improved corporate governance in BDCs
CBN calls out bureaux de change directors to ensure that their organisations are not used for any illegal activity. The Central Bank of Nigeria, CBN, has called on bureaux de change (BDCs)directors to improve on their corporate governance responsibilities and ensure compliance with regulatory requirements. Dalahatu Abubakar, Director, Other Financial […]
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CBN gets order to freeze 194 accounts in 17 banks
The court granted the request by CBN to freeze the account of the defendants in the banks for 45 days. The Central Bank of Nigeria, CBN has secured three separate interim orders from a Federal High Court in Abuja to freeze bank accounts linked to 194 business entities and individuals […]