CBN To Launch Digital Currency Before January 2022

fec-approves-additional-fg-borrowings-from-cbn-INSTANTNEWSNAIJA

The Director-Information Technology Department, Central Bank of Nigeria, Mrs Rakiyat Mohammed, has said that the banking regulator will launch a digital currency before the end of 2021. Muhammed disclosed this during a press briefing on the Bankers’ Committee meeting on Thursday. “As I said before the end of the year, […]

CBN Debunks Report on Planned Nationalisation of Unity Bank

The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, described it as, “fake news” and should be discarded in its entirety He said: “The report […]

We Banned Cryptocurrency to Curb Terrorism and Illegal activities – CBN

we-banned-cryptocurrency-to-curb-terrorism-and-illegal-activities-cbn-instantnewsnaija

The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country. The apex bank in a statement released on Sunday February 7, said cryptocurrencies have become well-suited for conducting many illegal activities including money laundering, terrorism financing, purchase of small arms and light weapons, and tax evasion. Daily […]

New Investments Will Give Africa the Lead in Agri Development-Standard Bank

new-investments-will-give-africa-the-lead-in-agri-development-standard-bank-instantnewsnaija

At a time when the rest of the world is re-thinking its approach to commercial agriculture, Africa has a clear opportunity to refresh its approach to the sector and become an emerging force. Big shifts are already happening in food production, land and water use, and the integration of agri-tech […]

Access Bank Makes Strategic Moves on Becoming Africa’s Gateway To The World

africa-fintech-foundry-access-bank-host-virtual-fintech-roundtable-instantnewsnaija

IN FURTHERANCE OF ITS VISION TO BE AFRICA’S GATEWAY TO THE WORLD, ACCESS BANK PLC ANNOUNCES STRATEGIC UPDATE AND TRANSACTIONS… Access Bank Plc (“Access Bank” or ‘’the Bank’’) announces today that it has received the Central Bank of Nigeria’s Approval-in-Principle for the Bank’s restructuring to a holding company (“HoldCo”). The […]

GTBank’s Customer Service Sinks Low, As Account Holders Decry Poor Treatment over Non-Reversal of POS and ATM Funds

Guaranty Trust Bank, one of the supposed leading new generation banks in Nigeria and unarguably one of the most patronised because of the introduction of fast, improved, and user-friendly internet banking system has reduced their efficiency in service, customer relations and ease of banking with them. It is therefore no […]