Central Bank of Nigeria

Total 4 Posts

New incentive scheme for inbound remittances in Nigeria

Since the onset of the COVID-19 pandemic and its related lockdowns, there has been a steep decrease of remittances inbound to Nigeria during 2020 compared to 2019. Now the Central Bank of Nigeria has introduced an incentive scheme to try and boost inbound remittances.

#EndPoliceBrutalityInNigeria protests are unlikely to end soon

The #EndSars protests in Nigeria have so far grown in influence despite the presidential order to dissolve the unit. For a good number of reasons, the protesters will continue to reorganize themselves if their demand for police brutality to end is only seen on paper.

Central Bank of Nigeria's guidelines on cyber security risks

The Central Bank of Nigeria (CBN) has issued a letter and a draft document outlining how financial institutions in the West Afrikan country should deal with cyber security related risks. The main reason it has issued the draft "risk-based cyber-security framework", CBN explains, is because of the recent

According to the Central Bank of Nigeria, Bitcoin is a gamble

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that cryptocurrencies, and Bitcoin, are a gamble. Emefiele said this in an interview with Bloomberg where he explained the CBN's position on cryptocurrencies. This is not the first time that the CBN has expressed negative sentiment towards