Nigeria’s Central Bank Bows To Pressure, Withdraws Controversial Cybersecurity Level
Nigeria’s Central Bank has succumbed to pressure as it has announced the suspension of the controversial cybersecurity levy. The financial ...
Tag: CBN
Outrage In Nigeria Over Cybersecurity Levy On Money Transfers
The newly-imposed cybersecurity levy has been met by disapproval from many Nigerians, who expressed belief that such policy would compel ...
REVEALED: These Transactions Are Exempted From CBN’s 0.05% Cybersecurity Levy
The Central Bank of Nigeria (CBN), has issued a directive to all banks, instructing them to initiate the implementation of ...
PoS Operators In Nigeria Mandated To Register, Here’s Why
Point of Sales (PoS) operators in Nigeria have been ordered by the Federal government to register with the Corporate Affairs ...
Nigeria’s Central Bank Makes U-turn, Goes After Crypto Users
Nigeria's central bank has had a change of heart following its crackdown on crypto assets through the financial industry and ...
Opay, Palmpay, Others Directed Not To Open New Accounts, Here’s Why
Nigerian fintech companies, including OPay, and Palmpay, have been directed not to open new accounts for customers. The Central Bank ...
Bitcoin Daily Transactions Done By 1 In 5 Nigerians
Bitcoin daily transactions are done by one in five Nigerians. This is according to Elastos. In its latest report, the ...
CBN Injects Fresh Dollars, Naira Feels the Boost
The Central Bank of Nigeria's (CBN) sale of US dollars to Bureaux De Change (BDCs) at a rate of ₦1,021 ...
Nigerian Crossdresser, Bobrisky Sent To Prison For Currency Abuse
Nigerian Crossdresser, Idris Okuneye, otherwise known as Bobrisky, has been sentenced to six months imprisonment by a Federal High Court sitting in ...
CBN Says Dollar Inflow Into Nigeria Hits $1.3bn
The Central Bank of Nigeria (CBN), has disclosed that dollar inflow into the country’s economy surged more than fourfold in ...