The Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure […]
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BREAKING: CBN Halts Extension Of Export Proceeds Repatriation For Exporters
The Central Bank of Nigeria (CBN) has issued a circular announcing the immediate suspension of approvals for the extension of […]
Continue readingREVEALED: How CBN Misappropriated N2.7Trillion Interests On Ways And Means
The Federal Government has accused the Central Bank of Nigeria (CBN) of misappropriating N2.73 trillion in interest payments on Ways […]
Continue readingWorld Bank Releases $1.5bn To Nigeria After Subsidy Removal, Tax Bills
The World Bank has released a $1.5bn loan to Nigeria following the Federal Government’s implementation of a few of its […]
Continue readingAccess Bank Leads The Pack, Smashes CBN’s N500bn Capital Target Before DeadlineÂ
Access Holdings Plc has announced securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and […]
Continue readingBREAKING: CBN Sets Daily Withdrawal Limit On POS To N100k Per Customer
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. […]
Continue readingCBN Says 94% Of Cash In Circulation Outside Banks And Presently N4.3 TrillionÂ
The Central Bank of Nigeria has revealed that more than 94 per cent of the cash in circulation in the […]
Continue readingCBN Imposes N150m Fine On Banks Releasing New Notes To POS Operators, Others
The Central Bank of Nigeria (CBN) has announced a fine of ₦150 million on Deposit Money Banks found guilty of […]
Continue readingJUST-IN: CBN Clarifies Nigerians Over Old Naira Notes Expiring Date
The Central Bank of Nigeria (CBN) has reaffirmed that all versions of the naira, including the old and new designs […]
Continue readingBREAKING: CBN Raises Interest Rate To 27.5%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which […]
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