Archives Tag: foreign currency
Aboki Africa Rebrands To Grey
April 19, 2022
Aboki Africa is a foreign account provider for Africans. It is one of the easiest ways to send and receive international payments without restrictions. Read more about FinTech Their mission is to streamline the currency exchange process for Africans. Many users leverage Aboki Africa to convert funds from foreign currency to Naira and vice versa. … Continue reading Aboki Africa Rebrands To Grey
Fintechs in Nigeria: Cowrywise
April 19, 2022
Cowrywise is a digital technology tool that helps Nigerians save and invest their money. The platform is accessible via an app, on which users can select and implement a savings plan, or choose their preferred type of investment. It was launched in 2017 by Razaq Ahmed, an economist and investment analyst, and Edward Popoola, an … Continue reading Fintechs in Nigeria: Cowrywise
CBN Officially Prohibits Acceptance of Foreign Currency by Banks
April 19, 2022
The Central Bank of Nigeria published a public circular yesterday, Wednesday, August 5th, stating that all banks have been prohibited from accepting foreign cash deposits henceforth. It stated, “The Central Bank hereby prohibits from the date of this circular the acceptance of foreign cash deposits by Deposit Money Banks.” This was in line with the Banks’ … Continue reading CBN Officially Prohibits Acceptance of Foreign Currency by Banks
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