CBN

CBN ATM Withdrawal: CBN Increases ATM Transaction Fees, Banks to begin Implementation March 1st

CBN ATM Withdrawal: CBN Increases ATM Transaction Fees, Banks to begin Implementation March 1st

The Central Bank of Nigeria (CBN) has introduced a comprehensive review of ATM transaction fees that will take effect on… Read More

1 day ago

Naira Stability and CBN Foreign Exchange Market Interventions: Is the CBN’s Benevolence Sustainable?

The Central Bank of Nigeria has ramped up its efforts to stabilize the naira, but at what cost? Among its… Read More

1 week ago

CBN pushes for ethical reforms with FX code compliance deadline

  The Central Bank of Nigeria (CBN) is intensifying efforts to enforce ethical standards in the foreign exchange market, setting… Read More

2 weeks ago

Strong demand for long-dated treasury bills drives N756bn sale by CBN

  The Central Bank of Nigeria (CBN) recorded significant success in its latest Treasury bills auction, selling N756 billion worth… Read More

2 weeks ago

Cash Scarcity: CBN Fines Zenith Bank and Eight Other Banks N1.35 billion For Hoarding Cash

The Central Bank of Nigeria (CBN) has imposed fines totalling ₦1.35 billion on nine lenders for failing to meet cash… Read More

4 weeks ago

Central Bank of Nigeria Halts Extension of Export Proceeds Repatriation: Tricky Move in Nigeria’s Forex Reform

The Central Bank of Nigeria (CBN) has announced a significant policy shift, suspending the extension of export proceeds repatriation periods… Read More

1 month ago

CBN Redesigned Website to go Live on Monday

The Central Bank of Nigeria (CBN) has announced plans for its newly redesigned website to go live on Monday 2nd… Read More

2 months ago

CBN Increase Interest Rate by 25 Basis Points to 27.5%

The Central Bank of Nigeria (CBN) on Tuesday increased its monetary policy rate (MPR) otherwise known as interest rate by… Read More

3 months ago

What Does the IFC, CBN Local Currency Lending Mean for Private Businesses?

The International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have… Read More

4 months ago

Nigeria Plans to Issue Diaspora Bonds to Attract $1 Billion in Monthly Remittances

Nigeria is considering the issuance of a diaspora bond in the United States next year, aiming to secure an impressive… Read More

4 months ago

Former President Jonathan Goodluck Denies Sanusi’s Claims of Missing $49.8 Billion

Former President Goodluck Ebele Jonathan has disagreed with the ex-CBN governor, Sanusi Lamido Sanusi, over the alleged missing of $49.8… Read More

5 months ago

Cash Hoarding: CBN Sanctions Await Banks , Plans N1.4 trillion for Circulation

The Central Bank of Nigeria (CBN) has announced its resolve to launch sanctions on banks that fail to dispense cash… Read More

5 months ago