Central Bank of Nigeria
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Central Bank of Nigeria (CBN) Fines United Bank 200 Million Naira for Violating Cryptocurrency Regulations
It is reported that the Central Bank of Nigeria (CBN) imposed a fine of 200 million naira (about 433000 US dollars) on United Bank (UBN) because the bank violat
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Foreign Direct Investment in Nigeria Declines Due to Dollar Shortage: Implications for Encryption Companies
According to reports, Nigeria\’s National Bureau of Statistics (NBS) reported on Tuesday that due to a severe shortage of US dollars, foreign direct investment (
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Godwin Emefiele Reveals That Nigerian Banks Don’t Have Direct Contact with Silicon Valley Bank (SVB)
According to reports, Godwin Emefiele, President of the Central Bank of Nigeria (CBN), a recent review of the bond portfolio of Nigerian banks showed that finan
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The Rise of Central Bank Digital Currency in Nigeria
It is reported that due to a shortage of cash, Nigerians are turning to the country\’s central bank digital currency (CBDC). The Governor of the Central Bank of
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Central Bank of Nigeria Issues Operational Guidelines for Open Banking
According to reports, the Central Bank of Nigeria said that it had issued the operational guidelines for Nigeria\’s open banking business. According to the Centr