CBN reviews Customs exchange rates for cargo clearance as Naira crashes in all markets
The Central Bank of Nigeria (CBN) has released a new exchange rate for cargo clearance at Nigerian ports following the depreciation of the...
CBN raises alarm over illicit Naira transactions, calls for urgent action
The Central Bank of Nigeria (CBN) has sounded the alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to...
CBN orders banks to follow global standards to combat illicit $3 trillion funds flow
The Central Bank of Nigeria (CBN) has directed financial institutions nationwide to strictly comply with global banking standards to help curb the movement of $3 trillion...
Customers groan as banks begin implementation of new ATM fees
Banks have commenced implementation of the new Automated Teller Machine, ATM transaction fee charge on customers following the Central Bank of Nigeria, CBN’s directive.
The...
Breaking News: CBN retains MPR at 27.50%
The Central Bank of Nigeria (CBN) Thursday resolved to retain the Monetary Policy Rate (MPR), the benchmark interest rate, at 27.50 per cent...
CBN orders immediate resignation of bank directors with non-performing insider loans
The Central Bank of Nigeria has issued a directive to bank directors with non-performing insider-related loans to step down immediately while ordering banks to...
CBN to sanction banks imposing ATM withdrawal limits below N20,000
The Central Bank of Nigeria (CBN) has warned that it will sanction banks that force customers to withdraw less than N20,000 per transaction from...
CBN announces new ATM transaction fees effective March 1
The Central Bank of Nigeria (CBN) has revealed new transaction fees for Automated Teller Machines (ATMs), set to take effect on March 1,...
CBN reschedules February 2025 MPC meeting
The Central Bank of Nigeria (CBN) has rescheduled the 299th meeting of its Monetary Policy Committee (MPC).
The apex bank shifted the meeting...
CBN limits BDCs to one dealer bank per week for $25,000 FX
The Central Bank of Nigeria (CBN) has issued new guidelines permitting Bureau de Change (BDC) operators to purchase up to $25,000 weekly from Authorised...
