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
Kuda MFB to expand experience centres after national licence upgrade
Kuda Microfinance Bank received a national banking license from the Central Bank of Nigeria. The new license allows Kuda to expand its physical footprint beyond its previous geographic restrictions.
After 20k tweets and over 100 trades, here’s the truth about P2P crypto trade in Nigeria
The Central Bank of Nigeria's 2021 directive halted bank facilitation of cryptocurrency transactions, pushing users towards P2P trading. P2P trading has become a popular method for crypto transactions in Nigeria, with platforms like Binance facilitating direct trades.
Mono to launch treasury management platform following Flutterwave acquisition, targets Africa-wide expansion
Mono is set to launch a treasury management tool for African businesses in 2026. The startup was recently acquired by Flutterwave, enhancing its capabilities.
“The crypto ban that made us stronger”: Day 1-1000 of Yellow Card
Chris Maurice's journey to Nigeria began in 2018 with a $90 remittance fee that sparked his interest in creating a better financial solution. Yellow Card launched in Nigeria in 2019, initially intending to create a remittance app but pivoted to building infrastructure for international payments.
Paystack revives Consumer App, Zap, eight months after $190,000 fine
Paystack has restored access to its consumer app, Zap, after a compliance dispute with the Central Bank of Nigeria. The fintech was fined 250 million naira ($190,000) eight months ago for operating Zap outside its licensing scope.
