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CBN

CBN Governor unveils new compliance department, projects 4.17% GDP growth

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the establishment of a new compliance department aimed at addressing previous...

CBN fines Zenith, Fidelity, UBA, other banks over failure to ensure cash availability

The Central Bank of Nigeria (CBN) has imposed penalties on nine commercial banks for failing to provide adequate Naira notes through their automated teller...

CBN sets N100,000 daily withdrawal limit for PoS transactions

The Central Bank of Nigeria (CBN) has introduced a daily withdrawal limit of N100,000 for Point-of-Sale (PoS) transactions as part of its efforts to...

CBN confirms old, new naira notes will remain in circulation

The Central Bank of Nigeria (CBN) has assured citizens that there are no plans to phase out the old N1,000, N500, and N200 notes...

Nigeria’s economy faces persistent crisis – CBN governor

The Central Bank of Nigeria (CBN) has highlighted that the country continues to grapple with a severe financial and economic crisis. Speaking at the 14th...

Top 10 Nigerian newspapers summary for you this Wednesday morning

Here is today’s edition of our daily newspaper summary you can’t afford to miss. In a landmark anti-corruption victory, the Economic and Financial Crimes Commission...

Panic as CBN set to retire 1,000 employees, spend N50 billion on payoff

The Central Bank of Nigeria (CBN) is set to lay off around 1,000 employees by the close of 2024 as part of a workforce...

JUST IN: Central Bank of Nigeria set to launch redesigned website

The Central Bank of Nigeria (CBN) has announced that it will launch its newly redesigned website on Monday, December 2, 2024. According to a press...

Customers lament cash scarcity as CBN warns banks over noncompliance

Residents and small business owners in the Federal Capital Territory (FCT) have raised concerns over the ongoing scarcity of naira notes, which has disrupted...

Cash scarcity: CBN orders customers to report delays withdrawing cash in banks, ATM stands

The Central Bank of Nigeria (CBN) has urged bank customers to report any challenges they face in withdrawing cash from bank branches or ATMs...

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