Central Bank of Nigeria

September 19, 2017

CBN to sanction commercial banks

The Central Bank of Nigeria on Monday threatened to sanction any Deposit Money Bank found in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and ... Read More »

September 19, 2017 0

September 18, 2017

CBN keys into Crypto currency initiatives

  Following cautious considerations, the Central Bank of Nigeria (CBN) has commenced arrangement to introduce a digital currency in a move to key into the global adoption of Crypto currency initiative. The Deputy Director/Head, Payments System Policy and Oversight, CBN, Musa ... Read More »

September 18, 2017 0