JUST IN: Fintechs May Crash Commercial Banks - CBN Raises Alarm   The Central Bank of Nigeria (CBN) has raised the alarm that Financial Technology initiatives or companies popularly called FinTechs will soon start doing better than traditional banks and may run the latter out of...

CBN Destroys Over N6trn Banknotes Under Buhari's Administration   The Central Bank of Nigeria is expected to have destroyed over N6tn worth of mutilated and old banknotes when the regime of President Muhammadu Buhari expires in May 2023. Already, data obtained from the annual reports of the...

JUST IN: FG Disowns Emefiele Over Plan To Redesign Naira Barely Forty Eight  hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country’s currency December 15, 2022, the Federal Government Friday disagreed with him. Minister...

Eight Quick Facts About New Naira Notes It is no longer news that the Central Bank of Nigeria (CBN) has announced the coming of new naira notes. The apex bank governor, Godwin Emefiele, who made this announcement at a press conference on Wednesday, said the new...

JUST IN: CBN Introduces New Naira Notes   The Central Bank of Nigeria (CBN) has redesigned some new naira notes. The apex bank governor, Godwin Emefiele, made this announcement at a press conference on Wednesday. Emefiele said the new design and issues will be effective from December 15,...

CBN Recorded N8bn Transaction On eNaira Platform In One Year   The Governor, Central Bank of Nigeria, Godwin Emefiele, said the digital currency, eNaira, has recorded N8bn transactions in its one year of introduction. He disclosed this while delivering his speech at the ‘eNaira 1-year anniversary’ event...