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…
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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.…
CBN imposes N150m fine on banks releasing new notes to hawkers
The Central Bank of Nigeria (CBN) has imposed a ₦150 million fine on Deposit Money Banks found guilty of facilitating the illegal…
CBN releases designated contacts for reporting over-the-counter, ATM cash…
The Central Bank of Nigeria (CBN) has released designated contacts for bank customers to report difficulties experienced with…
CBN launches new website today
The Central Bank of Nigeria (CBN) says it will launch its new website on Monday, December 2nd, 2024 (today).
In a statement on…
CBN Governor addresses ATM cash scarcity, tells customers what to do from…
The Central Bank of Nigeria (CBN) has threatened to impose fines on erring banks over non availability of cash for withdrawals at…
CBN fixes $100,000 minimum trade for banks on forex platform
The Central Bank of Nigeria (CBN) has announced a minimum trade value of $100,000 for interbank foreign exchange (FX) trading via…
CBN hikes interest rate to 27.5%, gives reasons
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which…