cbn

CBN Invests $669M to Support Naira in Q1 2025

Naira Defense: CBN Allocates $669M in Q1 2025 ​In the first quarter of 2025, the Central Bank of Nigeria (CBN)…

3 months ago

CBN Confirms: New N5,000 and N10,000 Notes Are Fake

Fake Circular Alert: CBN on N5,000 and N10,000 Notes ​The Central Bank of Nigeria (CBN) has refuted claims regarding the…

3 months ago

CBN Maintains Interest Rate at 27.5%

Central Bank Holds Interest Rate Steady at 27.5% The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate…

4 months ago

CBN Directs Banks to Disclose Dormant Account Details

Banks Required to Publish Unclaimed Balance Information The Central Bank of Nigeria (CBN) has issued a directive requiring all banks…

4 months ago

CBN Imposes Sanctions on Banks with Low ATM Limits

CBN's Action Against Banks with N20,000 ATM Limits The Central Bank of Nigeria (CBN) has issued a directive warning banks…

5 months ago

CBN Raises Fees for ATM Transactions

New ATM Transaction Fees Announced by CBN The Central Bank of Nigeria (CBN) has announced a revision of Automated Teller…

5 months ago

CBN Limits BDCs to $25000 Weekly Forex Transactions

New CBN Regulations for BDCs: $25,000 Forex Cap In December 2024, the Central Bank of Nigeria (CBN) granted Bureau de…

5 months ago

CBN Approval: Boosting Export Proceeds with CFA Repatriation

CBN and CFA: Transforming Export Proceeds Repatriation in Nigeria The Central Bank of Nigeria (CBN) has approved the inclusion of…

5 months ago

CBN’s Workforce Reduction: Cardoso Confirms Voluntary Exit of 1,000 Staff

Cardoso Assures 100% Voluntary Departure of 1,000 CBN Employees Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has clarified that…

6 months ago

CBN Boosts Yuletide Spending: BDCs Can Now Access $25,000 Weekly From Banks

Yuletide Economics: CBN Permits BDCs $25k Weekly Bank Purchases The Central Bank of Nigeria (CBN) has granted Bureau de Change…

6 months ago

CBN Crackdown: Banks Face N150m Fines for New Notes Misuse

CBN's Strict Measures: N150m Fine for Banks Over New Notes to Hawkers The Central Bank of Nigeria (CBN) has implemented…

7 months ago

Reps Urge CBN to Halt Retirement Plan for 1,000 Employees: What It Means

Inside the Call to Action: Reps Request CBN to Pause Staff Retirement The House of Representatives has urged the Central…

7 months ago

CBN Announces Major Workforce Reduction: 1,000 Employees to Retire by December

CBN's Retirement Plan: How 1,000 Employee Exits Will Shape Its Future There are reports indicating that the Central Bank of…

7 months ago

Don’t ‘Japa’: Cardoso Encourages Nigerians with CBN’s New Economic Vision

CBN's Inclusive Economy: Cardoso Urges Nigerians to Stay and Thrive The Governor of the Central Bank of Nigeria (CBN), Dr.…

7 months ago

CBN Hikes Interest Rate to 27.5%: What It Means for Your Finances

Understanding the Impact of CBN's Interest Rate Increase to 27.5% The Central Bank of Nigeria (CBN) has raised the benchmark…

7 months ago

CBN Warns Banks on Naira Hawkers: Load ATMs Immediately or Face Sanctions

Central Bank Directs Banks: Prioritize ATM Cash Loading to Avoid Penalties The Central Bank of Nigeria (CBN) has directed banks…

8 months ago

Naira Depreciation and Economic Confidence: CBN Reports 3.2-Point Decline

How Naira Depreciation Impacts Firms' Confidence: A 3.2 Index Point Drop The Central Bank of Nigeria (CBN) has reported a…

8 months ago

Unlocking Opportunities: CBN Allows Banks to Utilize Deposited Forex

CBN Boosts Banks' Forex Trading Capabilities with New Policy The Central Bank of Nigeria (CBN) has announced that commercial banks…

8 months ago

CBN Urges Youth: Secure Your Future with Smart Saving Strategies

The Importance of Saving: CBN's Advice for a Prosperous Youth Future The Central Bank of Nigeria (CBN) has urged youths…

8 months ago

Legal Ruling: CBN Prevented from Distributing Financial Allocation to Rivers State

Court Order: Halt on Financial Allocation Releases to Rivers State by CBN A Federal High Court in Abuja has issued…

8 months ago

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