The Central Bank of Nigeria has announced that it will slam a fine of N150m per branch on Deposit Money Banks found guilty of facilitating the...
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....
The Central Bank of Nigeria’s electronic payment statistics have shown that, between January and June 2024, 252.06 million transactions, which amounted to N2.19tn, were carried out...
In its bid to ensure that Nigerians have easy access to cash via Over-The-Counter withdrawals or Automated Teller Machines of Deposit Money Banks, the Central Bank...
The Central Bank of Nigeria has threatened to impose fines on erring players in the financial sector over the ongoing cash scarcity at Automated Teller Machines....
Justice Joyce Abdulmalik of the Federal High Court in Abuja on Wednesday stopped the Central Bank of Nigeria from further releasing monthly financial allocations to Rivers...
The Central Bank of Nigeria is preparing to impose stricter fines on banks that fail to comply with regulatory standards. This move, according to the Deputy...
The Central Bank of Nigeria has announced a fresh Foreign Exchange Code as guidelines to legible players in the country’s FX market to stabilize the Naira....
The Central Bank of Nigeria, CBN, has announced the introduction of the Electronic Foreign Exchange Matching System, EFEMS, for foreign exchange transactions in the Nigerian Foreign...
The Central Bank of Nigeria (CBN) has announced another increase in its Monetary Policy Rate (MPR), raising it to 27.25%. The decision was made on Tuesday...