The Central Bank of Nigeria (CBN) has directed Nigerian banks to set N100,000 per day as a withdrawal limit for customers on point-of-sale terminals nationwide amid cash scarcity. The apex
The Central Bank of Nigeria (CBN) is set to retire over 1,000 employees by the end of the year. A CBN source with knowledge of the development, said the retirement
The Central Bank of Nigeria (CBN) has clarified that it has not reintroduced the previously suspended cybersecurity levy on electronic transfers, following reports suggesting otherwise. On May 6, 2024, the
In addition to the long list of ongoing disengagements at the Central Bank of Nigeria (CBN), no fewer than 200 officials of have been sacked on Friday, May 24. The
The Senate is seeking to make amend the Central Bank of Nigeria (CBN) Act 2007 in order to prevent high-ranking officials of the apex bank from engaging in partisan politics.
The Central Bank of Nigeria (CBN) has issued a directive to banks to cease charging processing fees on cash deposits until September 30, 2024. The decision, communicated through a circular dated May
In the last six months of 2023, the Federal Government of Nigeria received an additional N3.8 trillion in what appeared to be a fresh Ways and Means borrowing, according to
A total of 50 staff of the Central Bank of Nigeria (CBN) were sacked on Monday, April 8 by the current management of the apex bank. This brings to 117
The Central Bank of Nigeria, CBN, has revoked the licenses of 4,173 Bureaux De Change Operators. According to the apex bank, the affected institutions failed to observe regulatory provisions. These,
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves to stabilise the nation’s
