Increased Competition for OPay, Kuda, Moniepoint, and Others Emerges with CBN’s Approval of a New Microfinance Bank
The Central Bank of Nigeria (CBN) has officially granted a state license to Alert Microfinance Bank, empowering it to expand and innovate to better...
The Central Bank of Nigeria (CBN) has declared a temporary halt to accepting new loan applications within its intervention program
In a communication titled "Suspension of Acceptance of New Applications under the Existing Central Bank of Nigeria, CBN Development Finance Intervention Programme," directed to...
The amount of currency in circulation surpasses the level before the naira redesign, reaching N3.4 trillion in December- CBN
The Central Bank of Nigeria (CBN) has revealed that the currency in circulation (CIC) has surged to a new annual peak of N3.4 trillion...
OPay addresses the security of customers’ funds in response to the CBN’s directive for banks to sever fund transfer channels with fintech platforms
Fintech powerhouse Opay has responded to the recent directive from the Nigeria Inter-Bank Settlement System (NIBSS), instructing banks in the country to remove non-deposit-taking...
Counterfeit Nigerian currency circulating, CBN cautions the public
The Central Bank of Nigeria has issued a cautionary alert urging Nigerians to exercise caution due to the circulation of counterfeit naira notes amid...
