Central Bank of Nigeria (CBN) Sanctions Banks Over Crypto Regulations
The Central Bank Of Nigeria (CBN) has sanctioned and fined three commercial banks, Access Bank Plc, United Bank for Africa Plc, and Stanbic IBTC Bank a total of N800 million ...
Tag: CBN
Abokifx suspends its services after threats from the Nigerian Central Bank
Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates following threats from the Central Bank of Nigeria (CBN). The ...
What you should know about Bitt Inc, the digital currency partner of the Central Bank of Nigeria
Bitt has been selected as the technical partner for the Central Bank of Nigeria's digital currency, nicknamed eNaira, which will be introduced later this year. The announcement was made on ...
Central Bank of Nigeria releases draft rules for the eNaira CBDC programme
The planned central bank digital currency, according to the CBN, will have parity of value and will operate as a non-interest-bearing CBDC (Central Bank Digital Currency). The Central Bank of ...
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