Browsing Tag
CBN
120 posts
Court restores Union Bank board, reverses CBN takeover
Customers of Union Bank are facing uncertainty following a ruling by the Federal High Court in Lagos, which…
CBN directs banks to block loan defaulters from accessing credit facilities
The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from…
CBN Revises Cash Withdrawal Rules Effective January 2026
The Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, effective January 2026. The newly revised…
CBN Ends Three Free Monthly Withdrawals From Other Banks’ ATMs
The Central Bank of Nigeria (CBN) has updated its policy on Automated Teller Machine (ATM) fees, removing the…
CBN announces new ATM transaction fees, effective March 1, 2025
The Central Bank of Nigeria (CBN) has reviewed the transaction fees for Automated Teller Machine (ATM) services, with…
CBN Unveils Nigeria FX Code To Address Financial Risks
The Central Bank of Nigeria (CBN) has introduced the Nigeria Foreign Exchange (FX) Code as part of its…
CBN fines 9 banks N1.35bn for ATM cash scarcity during Christmas
The Central Bank of Nigeria (CBN) has sanctioned nine commercial banks with a total of N1.35bn for cash…
CBN Clarifies Disengagement Of 1,000 Staff
The Central Bank of Nigeria (CBN) has reiterated that the 1,000 staff members who exited the apex bank…
Nigeria’s $42bn external reserves can finance importation for at least 9 months — CBN
The Central Bank of Nigeria, CBN, on Wednesday, in Abuja, announced that the country’s external reserves of $42.01…
CBN places N100,000 daily PoS cash transaction limit for individuals, N500k per week
The Central Bank of Nigeria (CBN) has announced daily cash limit transactions of N100,000 per customer for Point-of-Sale…
Report cash withdrawal issues at ATMs from Dec 1, CBN tells Nigerians
The Central Bank of Nigeria (CBN) has called on bank customers to report any difficulties encountered while withdrawing…
Old Naira: Abia traders thank CBN for rejecting Reps directive
The House of Representatives has been cautioned to focus on more pressing matters in the country than the…
Old Naira Notes Remain Legal Tender, No Deadline For Circulation – CBN
The Central Bank of Nigeria (CBN) has clarified that the old N200, N500, and N1,000 banknotes will continue…
CBN Extends Suspension on Cash Deposit Fee to March 2025
The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit fees to March 31, 2025.…
How Dangote Refinery Petrol Will Reduce Food Prices – CBN
The Central Bank of Nigeria (CBN) has disclosed expectations that lifting petroleum from the recently launched Dangote Refinery…
Sacked CBN staff drag apex bank to court
No fewer than 100 former employees of the Central Bank of Nigeria (CBN) have initiated legal action at…
Nigeria’s Manufacturers’ Association Lament Over CBN’s Unsettled $2.4 Billion Forex Forward Contracts
The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to take urgent…
Money supply jumps 56% to N101trn in June
Data from the Central Bank of Nigeria (CBN) shows that M3 rose to a record N101.34 trillion in…
Just In: CBN sells $148m to 29 authorised dealers
The Central Bank of Nigeria has disbursed $148m to 29 authorised dealers as part of steps to stabilise…
Dormant accounts are more susceptible to fraud, CBN wants to safekeep the funds- Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso has stated that dormant accounts in…