482 Hundreds of customers gathered outside the bank’s headquarters in Calabar, opposite the Central Bank of Nigeria (CBN), at 7am, demanding access to their funds. By The Nation The Heritage Bank office in Calabar, Cross Rivee State, was thrown into chaos on Wednesday morning, with customers threatening to break down the facility for fear of […]
476 The unveiling of the cNGN is coming over two years after digital currency transactions were banned by the apex bank. By Vanguard Newspaper The Central Bank of Nigeria (CBN) has approved the launch of the Nigerian naira (cNGN) stablecoin and set to launch on February 27, 2024. The cNGN is powered by the Africa […]
531 By Joseph Adeiye, FIJ The Payments System Management Department of the Central Bank of Nigeria (CBN) issued a circular to all commercial banks in Nigeria on Friday. That circular spelt out amendments to Section 1.5.3 of the Regulatory Framework for Bank Verification Number (BVN) Operations and Watchlist for the Nigerian banking industry. Banks and […]
380 By SaharaReporters The Central Bank of Nigeria has said there is no deadline for the recognition of old naira notes as legal tender in the country. In March, the apex bank under the leadership of its then-Governor, Godwin Emefiele said the old N200, N500, and N1,000 bank notes would remain legal tender till December […]