The Central Bank of Nigeria (CBN) has assured Nigerians that its newly launched digital currency, eNaira, is secure and dependable despite challenges. Osita Nwanisobi, spokesperson of the apex bank, gave the assurance...
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World Bank disagrees with CBN on multiple exchange rates, others
The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective. The Country Director for Nigeria, World Bank,...
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2 Minutes
ENaira: CBN Alerts Nigerians Over Fake Social Media Handles
The CBN has alerted Nigerians to beware of fake social media handles of eNaira. VAM News reports that the Central Bank of Nigeria has alerted Nigerians to beware of fake social media handles of...
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2 Minutes
Transactions on Nigeria’s eNaira platform free for 90 days – CBN
The Central Bank of Nigeria has said that all transactions conducted on the newly launched digital currency platform, eNaira will be free for 90 days. The bank, however, stated that it will revert to...
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3 Minutes
Nigeria: CBN Launches Digital Currency, Puts eNaira Wallet Apps On Google And Apple Stores (Download Here)
The nation’s apex bank, Central Bank of Nigeria (CBN) has rolled out eNaira, which is Nigeria’s first digital currency. The digital currency has two applications which are eNaira speed wallet and eNaira merchant wallet....
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CBN: FG to unveil eNaira on Monday
The President, Major General Muhammadu Buhari (retd.), will formally unveil the Nigerian Central Bank Digital Currency, known as the eNaira, on Monday, at the State House, Abuja. The Director, Corporate Communications, CBN,...
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2 Minutes
CBN introduces N500m grant for undergraduates, graduates (See How To Get It)
The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled ‘Guidelines for...
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2 Minutes
Nigerians will use eNaira Without internet-enabled phones – CBN
The Central Bank of Nigeria (CBN) has disclosed that Nigerians without internet-enabled phones will still make transactions on the eNaira platform. This was disclosed by the apex bank in a document title ‘Design paper...
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2 Minutes
CBN To Banks: Adopt Official FX Rate For Intra-African Transactions
Commercial banks have been directed by the Central Bank of Nigeria (CBN) to adopt the exchange rate in the importer and exporter window (I&E) for cross border payments through the Pan-African Payments and Settlement...
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5 Minutes
CBN Sends Message To Banks To Review Loans To Oil&Gas, Agric And Other Sectors
The Central Bank of Nigeria (CBN) has ordered commercial banks to review their loan exposure to oil and gas, agriculture, telecommunication sectors among others. The apex bank also stated that the development will guarantee...
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