CBN Removes Cash Deposit Limit, Raises Weekly Withdrawal to N500,000
The Central Bank of Nigeria (CBN) has ended the cash deposit limit and increased the weekly cash withdrawal limit from ...
Tag: CBN
CBN Retains Interest Rate at 27%
The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN) has retained the country’s headline lending rate ...
Enough is Enough”: House Investigates Bank Fees, Summons CBN Governor Cardoso
The House of Representatives has called upon Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), to ...
CBN launches drive against naira abuse, hoarding
The Central Bank of Nigeria (CBN) has renewed its campaign on the proper handling of the naira, warning against folding, ...
Stakeholders Advocate for Policy Rate Adjustments as MPC Convenes Today
As the Central Bank of Nigeria's Monetary Policy Committee (MPC) convenes for its 302nd meeting today, various stakeholders in Abuja ...
CBN Implements Stricter Regulations for Bank CEO Successions, Requires Advance Approval
The Central Bank of Nigeria (CBN) has announced a new directive mandating all Domestic Systemically Important Banks (DSIBs) to secure ...
CBN Aims for $1 Billion Diaspora Reserve by 2026
The Central Bank of Nigeria (CBN) has set an ambitious goal of establishing a diaspora reserve of $1 billion by the ...
CBN Calls on Manufacturers to Lead Foreign Exchange Diversification Efforts
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has urged manufacturers to take the initiative in diversifying ...
CBN Implements Geo-tagging for PoS Terminals to Combat Fraud
The Central Bank of Nigeria (CBN) has announced a new directive requiring the geo-tagging of all Point of Sale (PoS) ...
JUST IN: CBN Maintains Interest Rate at 27.5% Amid Inflation Concerns
The Central Bank of Nigeria (CBN) has opted to keep the Monetary Policy Rate unchanged at 27.5%, as announced by ...
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