The Central Bank of Nigeria (CBN) is the country's apex monetary authority, established by the CBN Act of 1958 and officially commencing operations on July 1, 1959
Nigeria’s postal service wants to become a fintech. Will the market take it seriously?
NIPOST has renewed its licenses with the Central Bank of Nigeria to begin delivering financial services after an eight-year hiatus. The agency is rebranding itself to enter the International Money Transfer Operators sector, aiming to connect traditional postal services with modern fintech.
217+ startups, ₦11B fraud, and $3B valuations: Insights from the 2025 Nigeria Payments Report
Zone released the Nigeria Payments Report 2025 in partnership with TechCabal Insights. E-transaction values in Nigeria doubled to over ₦1.25 quadrillion during the COVID-19 pandemic.
Nigeria’s inflation eases to 23.71%, reducing possible rate hike
Nigeria's consumer price inflation decelerated to 23.71% year-on-year in April. Food prices like maize, wheat, and yam contributed to the decline in inflation.
Nigeria Central Bank Rolls Out New Digital Platform to Unlock $1B Monthly Remittances
CBN launched the NRBVN platform to help Nigerians abroad obtain BVNs remotely. The initiative aims to boost monthly diaspora remittances to $1 billion.
CBN licences in Nigeria: types, costs & what fintechs should know
The Central Bank of Nigeria requires fintech startups to obtain specific licenses based on their services. The Switching and Processing Licence is essential for companies processing payments and requires a minimum capital of ₦2 billion.
