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e-Naira downloaded over 566,000 times from 160 countries – CBN

The Central Bank of Nigeria said on Friday that the e-Naira wallet has been downloaded over 488,000 times from over 160 countries. The CBN said in a statement, “So far, we have onboarded over 488,000 consumer wallets and about 78,000 merchant wallets, with these downloads occurring in over 160 countries (per Google Playstore and Apple […]

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CBN freezes Nigerians’ bank accounts for trading cryptocurrency

The Central Bank of Nigeria (CBN), has ordered all domestic commercial banks to freeze the accounts of listed individuals for purportedly trading in cryptocurrency. Peoples Gazette reports that this is contained in a Post-No-Debit circular signed on November 3 by the Director of Banking Supervision, J. Y. Mamman and addressed to the banks. “You are […]

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CBN releases guidelines for eNaira

Following the launch of the enaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5000 downloads within hours of the launch. This is as the apex bank released regulatory guidelines which stipulate that charges for transactions that originate from the enaira […]

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CBN rolls out undergraduate, graduate entrepreneurship scheme

The Central Bank of Nigeria (CBN) has unveiled a graduate entrepreneurship scheme with the aim of funding 25,000 start-ups annually and generating 75,000 jobs. The CBN disclosed this in the guidelines for the scheme, which is known as ‘‘Tertiary Institutions Entrepreneurship Scheme (TIES) adding that the broad objective of the scheme is to enhance access […]

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