CBN

The Central Bank of Nigeria (CBN) has fined First Bank, Union Bank, and seven other lenders for failing to disburse cash via Automated Teller Machines (ATMs) during the Christmas and …

Telecommunications operators are set to suspend Unstructured Supplementary Service Data (USSD) services in two weeks due to the failure of deposit money banks (DMBs) to settle a long-standing N250 billion …

The Central Bank of Nigeria (CBN) has introduced two new financial instruments: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). This, according to the bank, …

Nigeria’s Broad Money Supply (M2) soared by 51% year-on-year (YoY) to reach N108.96 trillion in November 2024, fueled by increasing domestic borrowings by the Federal Government, according to the Central …

Riding on the back of domestic borrowings by the Federal Government from the private sector, Nigeria’s Broad Money Supply (M2) increased by 51 per cent Year-on-Year, YoY, to N108.96 trillion …

The Central Bank of Nigeria and the Nigerian Communications Commission have directed Deposit Money Banks and Mobile Network Operators to settle the long-standing N250bn USSD debt dispute. The directive, titled …

The Central Bank of Nigeria (CBN) has introduced a new policy to strengthen its drive towards a cashless economy, setting a daily maximum transaction cash-out limit of N100,000 per customer …

The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted by Point of Sale (POS) agents. This policy was issued …

The Central Bank of Nigeria (CBN) has imposed a N150 million penalty per branch on Deposit Money Banks (DMBs) found engaging in the illegal flow of freshly minted Naira notes to currency …

The Central Bank of Nigeria has reaffirmed the validity of the old N1000, N500, and N200 banknotes as legal tender, clarifying misinformation circulating about their status. In a statement signed by Mrs Hakama Sidi-Ali, the …