Governance & Policy

Regulations, laws, directives and policies, that affect African startups, the financial sector, telecoms, cyber security, among others. It’s unpredictable nature either enables, stifles or is neutral on innovation

One week after the Supreme Court ruling, Nigerians remain stranded as the CBN is yet to issue a statement

Chimgozirim Nwokoma

2 weeks ago

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Governance & Policy

One week after the Supreme Court ruling, Nigerians remain stranded as the CBN is yet to issue a statement

Despite a Supreme Court ruling, the CBN's silence over the status of old naira notes means many Nigerians remain stranded.

Chimgozirim Nwokoma

2 weeks ago

Governance & Policy

Nigeria’s Central Bank issues open banking operational guidelines

The Central Bank of Nigeria has issued operational guidelines for open banking.

Chimgozirim Nwokoma

3 weeks ago

Governance & Policy

“They are all legal tender.” CBN spokesperson encourages Nigerians to accept old naira notes

Isa Abdulmumin, the Central Bank of Nigeria's (CBN) Acting Director, Public Communications Department, has said the old and new naira notes are now legal tenders. Although the CBN is yet to issue a statement, Abdulmumin assures Nigerians that they can start spending old...

Bolu Abiodun

3 weeks ago

Governance & Policy

Supreme Court orders old naira notes to remain legal tender until December 2023

Old naira notes will remain legal tender until December 31, 2023 according to a ruling by the Supreme Court.

Chimgozirim Nwokoma

4 weeks ago

Governance & Policy

Old ₦‎200 notes to remain legal tender in Nigeria until April 10, 2023

President Muhammadu Buhari has directed the CBN to release old ₦‎200 notes into the economy, extending its use to April 10, 2023.

Chimgozirim Nwokoma

1 month ago

Governance & Policy

All you need to know about AfriGo, the CBN’s domestic card scheme

The Central Bank of Nigeria has launched the first domestic card scheme in Africa. Here are some things to know about the new card.

Chimgozirim Nwokoma

2 months ago

Governance & Policy

CBN’s regulatory sandbox goes live as regulator seeks to improve quality of financial services in Nigeria

The CBN has announced that its regulatory sandbox is live as it seeks to improve the quality of financial services in the country.

Chimgozirim Nwokoma

2 months ago

Governance & Policy

Nigeria makes ₦‎125 billion from transfer levies

According to the Federal Inland Revenue Service, income generated from the electronic money transfer levy rose by 10.24% between 2021 and 2022.

Chimgozirim Nwokoma

2 months ago

Governance & Policy

The Central Bank of Somalia has announced plans to redesign its 1,000-shilling notes to curb inflation

Following Kenya's and Nigeria's leads, Somalia has announced plans to replace 1,000-shilling notes.

Victoria Fakiya

2 months ago

Governance & Policy

New naira notes will only be available via ATMs as CBN bans their withdrawal over the counter

The CBN has banned over-the-counter withdrawals of new naira notes, making them available only via ATMs.

Bolu Abiodun

3 months ago

Governance & Policy

CBN reverses cash withdrawal limits but continues its push for a cashless economy

Two weeks after informing Nigerians of its proposed cash withdrawal limits, the Central Bank of Nigeria has revised those limits up to ₦500,000 ($1,119) weekly for individuals.

Chimgozirim Nwokoma

3 months ago

Governance & Policy

Advertisements by skit-makers, influencers, others are unverified claims and misinformation — ARCON

The Advertising Regulatory Council of Nigeria (ARCON) has said most adverts by skit makers, comedians, influencers, bloggers, and other advertising stakeholders in the digital/online media are unethical, and unverified.

Bolu Abiodun

4 months ago

Governance & Policy

What Sweden and India can teach Nigeria about the cashless economy

CBN's recent directive on cash withdrawal limits has raised concerns about the country's move towards a cashless economy. What can Nigeria learn from Sweden's successful adoption of a cashless economy and India’s mistake?

Oluwanifemi Kolawole

4 months ago

Governance & Policy

CBN governor summoned by Nigeria’s House of Reps to explain ₦20,000 ATM, PoS withdrawal limit

Nigeria’s House of Representatives has requested the CBN Governor Godwin Emefiele's presence to explain the impact and significance of the new cash withdrawal limit.

Bolu Abiodun

4 months ago

Governance & Policy

CBN’s cash withdrawal limit: 3 ways it’s good for you and 3 ways it’s not

After the CBN’s cash withdrawal limit, some people have lauded and condemned the directive. However, here are the benefits and bad sides of CBN’s cash limit.

Bolu Abiodun

4 months ago

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