#CBN

Experts have shared differing views on the effects of new regulatory frameworks implemented by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on the fintech sector in Nigeria. The introduction of these rules has led to a division within the industry regarding their potential impact.

The Central Bank of Nigeria (CBN) has issued a warning against the abuse of the naira, citing rising costs and a reduced lifespan of the currency. Additionally, the CBN introduced the Naira Ambassadors Club aimed at students to promote awareness and responsible handling of the naira.