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Point-of-sale (PoS) operators across Nigeria have increased withdrawal charges from N100 to N150 or N200 for every N5,000 transaction. The operators attribute the hike to the...
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. In a circular to all deposit...
The Central Bank of Nigeria (CBN) says banks facilitating illicit flow of mint naira notes will face N150 million fine per branch. In a circular signed by...
The Central Bank of Nigeria (CBN) has reassured the public that both the old and redesigned naira notes will continue to serve as legal tender without...
1. Days after the Central Bank of Nigeria ordered Deposit Money Banks to guard against artificial cash scarcity in the country, findings have revealed that...
The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the “planned” retirement of 1,000 staff. The apex bank is said...
The Central Bank of Nigeria (CBN) is reportedly preparing to retire approximately 1,000 employees as part of a strategic workforce realignment. A severance package worth...
1. Siminalayi Fubara, governor of Rivers, says “some persons who have decided to be enemies” of the state wanted us to experience a black Christmas”....
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country’s foreign reserves rose to $40.88 billion as of November 21. Cardoso spoke on...
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates in the country...
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