News FG’s deficit spending surges to N12.1tn — CBN Alagbe Shenayon Jan 3, 2025 The Federal Government's deficit spending increased by 28% Year-on-Year, reaching N12.1 trillion in the first ten months of 2024.…
News Nigeria’s economy grew in Q3 2024 – CBN Alagbe Shenayon Dec 23, 2024 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…
Business CBN allows BDCs $25,000 weekly FX purchase for holidays Toyibat Ajose Dec 21, 2024 The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary access to purchase up to $25,000 weekly…
News Businesses project Naira depreciation into Q1 2025 — CBN Alagbe Shenayon Dec 20, 2024 The Central Bank of Nigeria (CBN) has reported that while businesses remain optimistic about the macroeconomic environment, they…
Business Nigerian Businesses predict further Naira depreciation Toyibat Ajose Dec 20, 2024 The Central Bank of Nigeria (CBN) has reported that businesses, while optimistic about the broader macroeconomic environment,…
Business CBN announces daily, weekly withdrawal limit per customer on POS terminals Oluwadamilare Emmanuel Dec 18, 2024 The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer.…
News CBN imposes N150m fine on banks releasing new notes to hawkers Alagbe Shenayon Dec 14, 2024 The Central Bank of Nigeria (CBN) has imposed a ₦150 million fine on Deposit Money Banks found guilty of facilitating the illegal…
Business CBN releases designated contacts for reporting over-the-counter, ATM cash… Oluwadamilare Emmanuel Dec 4, 2024 The Central Bank of Nigeria (CBN) has released designated contacts for bank customers to report difficulties experienced with…
Business CBN launches new website today Oluwadamilare Emmanuel Dec 2, 2024 The Central Bank of Nigeria (CBN) says it will launch its new website on Monday, December 2nd, 2024 (today). In a statement on…
Business CBN Governor addresses ATM cash scarcity, tells customers what to do from… Oluwadamilare Emmanuel Nov 30, 2024 The Central Bank of Nigeria (CBN) has threatened to impose fines on erring banks over non availability of cash for withdrawals at…