CBN
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News
Nigerians in diaspora’s remittances increase by 61% to $4.2bn in 10 months – Cardoso
The governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, has revealed that diaspora remittances through International Money Transfer Operators (IMTOs) reached $4.22…
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News
CBN sets PoS daily withdrawal limit per customer
The Central Bank of Nigeria (CBN) has set a daily withdrawal limit of N100,000 on Point-of-Sale (PoS) terminals per customer.…
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News
CBN to banks: Supply mint to hawkers, get N150m fine per branch
The Central Bank of Nigeria (CBN) has warned banks that facilitating illicit supply of mint naira notes will attract N150 million…
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A’court sets aside judgement stopping allocation of funds to Rivers State
The Court of Appeal in Abuja has voided the judgment restraining the Central Bank of Nigeria (CBN) from disbursing financial allocations…
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‘Report difficulties with withdrawing cash from ATMs to us’, CBN tells Nigerians
The Central Bank of Nigeria (CBN) has urged Nigerians to report through any of its designated channels and phone numbers…
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CBN orders banks to load ATMs, issues warning against disbursing cash to naira hawkers
The Central Bank of Nigeria (CBN), has ordered banks to ensure cash is available in Automated Teller Machines (ATMs) across…
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Inflation: Nigerians set priorities, to spend income on feeding, transportation, health care
Households have expressed pessimism over the rising costs of living in the country, and have projected that costs of transportation,…
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News
CBN approves Unity, Providus banks merger
The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed…
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CBN to banks: Deposit unclaimed balances, funds in dormant accounts
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in…
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News
Nigeria’s external reserves surge to $35bn for first time in over one year
Nigeria’s external reserves increased to $35.05 billion on July 8, making the highest surge since May 30, 2023. According to data…
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