CBN unveils digital solutions to reduce cash-based transactions for MDAs
The Central Bank of Nigeria (CBN) has unveiled two digital solutions to further drive the Federal Government's cashless…
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CBN fines nine Banks for failing to distribute Cash at ATMs
In a strong stance against cash flow disruptions, the Central Bank of Nigeria (CBN) has penalised Deposit Money Banks (DMBs) for…
CBN halts export proceeds repatriation extensions
The Central Bank of Nigeria (CBN) has announced the immediate suspension of approvals for extending the repatriation period of…
Net forex inflows rises to $4692bn – CBN
According to data from the Central Bank of Nigeria (CBN), net foreign exchange (FX) inflows into the economy increased by 65.7%…
FG’s deficit spending surges to N12.1tn — CBN
The Federal Government's deficit spending increased by 28% Year-on-Year, reaching N12.1 trillion in the first ten months of 2024.…
Nigeria’s economy grew in Q3 2024 – CBN
The Nigerian economy recorded a growth of 3.46% in Q3 2024, with the output rising to ₦20.115 trillion, up from 3.19% (₦18.285…
CBN allows BDCs $25,000 weekly FX purchase for holidays
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary access to purchase up to $25,000 weekly…
Businesses project Naira depreciation into Q1 2025 — CBN
The Central Bank of Nigeria (CBN) has reported that while businesses remain optimistic about the macroeconomic environment, they…
Nigerian Businesses predict further Naira depreciation
The Central Bank of Nigeria (CBN) has reported that businesses, while optimistic about the broader macroeconomic environment,…
CBN announces daily, weekly withdrawal limit per customer on POS terminals
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer.…