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…
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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…
CBN warns against fake ‘swift’ messages
The Central Bank of Nigeria (CBN) has issued a warning to the public to remain cautious of fraudulent 'Swift' messages and…
CBN vows to sanction banks hoarding, diverting cash
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) regarding cash hoarding and diversion,…
Naira Depreciation: Firms’ confidence in economy fall by 3.2 index points —…
Amid expectations of naira depreciation by year’s end, businesses in Nigeria have shown reduced confidence in the economy, as…
IFC, CBN partner to boost local currency financing in Nigeria
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with the Central Bank of…