Central Bank of Nigeria (CBN)

CBN BAN: OPAY, KUDA ISSUE STRICT GUIDELINES FOR ACCOUNT OPENING

celebrity8 months ago8 months ago04 mins

Financial technology firms Kuda Microfinance and OPay have resumed onboarding new customers following a directive from the Central Bank of Nigeria. The two operators announced this development on their X accounts on Monday. The financial regulator had directed fintech companies to temporarily halt new customer sign-ups on April 29, citing concerns over Know Your Customer…

NAIRA APPRECIATES ON OFFICIAL, PARALLEL FX MARKET AHEAD OF MPC MEETING

celebrity8 months ago8 months ago05 mins

The naira appreciated by N90 on the parallel segment of the foreign exchange (FX) market yesterday, as it closed at N1,450/$1, compared to the previous day’s rate of N1,540/$1.The positive trend extended to the official Nigerian Autonomous Foreign Exchange Market (NAFEX) window, where the naira appreciated by N36.66, closing at N1,497.33/$1 compared to the N1,533.99/$1…

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