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Banks set new ATM withdrawal limits for customers below CBN’s provision

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Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), TheCable can report. Findings showed the limits vary across banks. This followed reported...

FX rate for Customs’ import duties drops for the fifth consecutive...

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The exchange rate used for calculating customs import duties and cargo clearance has decreased for the fifth time in under two weeks, moving from...

Naira crisis: Again, CBN increases customs duties exchange rate

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The Central Bank of Nigeria, CBN, again increased the exchange rate for calculating Customs duties at the country’s seaports by 1.9 per cent to...

Audit report: CBN has no records of money recovered by EFCC...

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The Central Bank of Nigeria (CBN) has no records of monies recovered by the Economic and Financial Crimes Commission (EFCC) between 2016 and 2019...

EFCC declares Emefiele’s wife, three others wanted for money laundering

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The Economic and Financial Crimes Commission, EFCC, has declared Margaret Emefiele, the wife of former Central Bank of Nigeria, CBN, Governor, Godwin Emefiele and...

Relocation of FAAN, CBN: Shettima Slams those opposing Tinubu’s decision

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Vice President, Sen. Kashim Shettima has lampooned those opposing the Bola Tinubu administration’s decision to relocate some departments and units of the Central Bank...

There’ll be consequences if Tinubu moves CBN units to Lagos –...

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Senator Ali Ndume, the Chief Whip of the Senate, says he is not in support of the relocation of the key departments of the...

CBN allows bank accounts, services for cryptocurrency dealers

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The Central Bank of Nigeria, CBN has lifted ban on transaction in cryptocurrencies, saying banks and other financial institutions can now provide services to...

CBN gives new order to commercial banks over old and redesigned...

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For the umpteenth time, the Central Bank of Nigeria (CBN) on Wednesday directed all banks across the country to continue to issue and accept...

FG Takes Fresh N4.05trn Loan From CBN

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Domestic Market Amidst Ways And Means Outcry The federal government has taken N4.047trn additional borrowings between January to September 2023, thereby raising fresh concerns on...

Naira To Dollar: CBN Moves Against Dollar Speculators, Hoarders

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The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators benefiting from the FX round tripping under the last...

Naira: New CBN leadership incompetent – Reps deputy spokesman

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The Deputy Spokesman of the House of Representatives, Philip Agbese, has declared that the new leadership of the Central Bank of Nigeria, CBN, is...

Cash transfer: FG disqualifies Nigerians without NIN, BVN, CBN begins payment

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The Federal Government is reviewing and expanding the National Social Register to accommodate pensioners and ex-servicemen under its Conditional Cash Transfer scheme. It is also...

CBN Lifts Foreign Exchange Restrictions On Importation Of 43 Items

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After eight years, the Central Bank of Nigeria (CBN) has officially lifted the foreign exchange restrictions on 43 previously banned items. This decision marks a...

I Will Abandon Emefiele’s Policies, Says CBN Gov Cardoso

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The new governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed that money supply is behind the rising inflation in the country. Also,...

Naira ends week battered, exchanges for N955/$1 at parallel market

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The exchange rate between the naira and dollar closed a tumultuous week quoting as high as N955/$1 on the black market. This is according to...

CBN reacts as PoS operators implement rate hike

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Central Bank of Nigeria has reacted to the recent announcement of increment in rate charged by Point of Sale operators in Nigeria. Recall that on...

Emefiele: Tinubu breaks silence, reveals main reason CBN gov was fired

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President Bola Tinubu has finally spoken about the suspension and subsequent arrest of the former governor of the Central Bank of Nigeria, Godwin Emefiele. Tinubu...

Emefiele: Investigate INEC, not CBN – Labour Party chides Tinubu

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The Labour Party has asked President Bola Ahmed Tinubu to investigate the Independent National Electoral Commission, INEC, instead of the embattled Central Bank of...

Tinubu Gets Two Name Suggestions For CBN Gov, Emefiele’s Replacement

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Two financial experts have been suggested to President Asiwaju Bola Ahmed Tinubu as possible replacements for the Governor of the Central Bank of Nigeria...

CBN: Block Emefiele From Fleeing Nigeria To Evade Tinubu – Matawalle...

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Zamfara State Governor, Bello Matawalle, has urged President Muhammadu Buhari to stop alleged plans by the Central Bank of Nigeria Governor, Godwin Emefiele, to...

BVN has no expiry date — CBN

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The Central Bank of Nigeria, CBN, has clarified that the Bank Verification Number, BVN, has no expiry date. CBN’s spokesman, Dr. Isa AbdulMumin, made...

House of Representatives Order CBN to suspend new cash withdrawer Limit,...

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House of Representatives has asked the Central Bank of Nigeria (CBN) to suspend its new policy limiting weekly cash withdrawals by individuals and corporate...

CBN: Cash withdrawal above N100,000, N500,000 attract 5%, 10% charges

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The Central Bank of Nigeria, CBN, has issued a revised cash withdrawal policy, stating that cash withdrawals above N100,000 and N500,000 will henceforth attract...

Naira Redesign: Deji Adeyanju reveals those being targeted in 2023

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Deji Adeyanju, Popular socio-political activist on Tuesday, said the redesigning of the naira by the Central Bank of Nigeria, CBN, was targeted at the...

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