Tag: CBN
CBN Unveils DocFlow, MDA Naira Payment Solution
CBN Governor Olayemi Cardoso launched the DocFlow System and MDAs Naira Payment Solution to enhance operational efficiency and customer service ...
Nigeria’s inflation soars to 34.80% in December as hardship lingers
The December inflation data showed that the country’s inflation further rose marginally by 0.20 percent due to increased demand for ...
Cash hoarding: CBN fines nine banks N1.35bn
The CBN reiterated its commitment to ensuring smooth cash flow, particularly during periods of high demand. The Central Bank of ...
Arewa Youths Oppose CBN’s Plan to Lay Off 1,000 Workers
The Arewa Youth Assembly opposes the CBN's plan to lay off 1,000 employees, citing potential economic instability and increased poverty ...
Real reason 1,000 workers resigned from CBN – Cardoso
Cardoso made the clarification on Friday in Abuja at an investigative hearing of the House of Representatives’ ad-hoc committee. The ...
Currency Swap: Nigeria, China Renew Bilateral Agreement
The total value of the agreement is 15 billion yuan (about 2.09 billion U.S. dollars), or N3.28 trillion A bilateral ...
Foreign exchange inflow declines to $14.46bn in Q3 – CBN
Foreign exchange inflow increased by 3.01 percent to $22.89 billion from $22.22 billion in Q2 2024. Also, inflows through official ...
CBN Approves Weekly $25,000 Purchase for BDCs from Banks
The Central Bank of Nigeria allows Bureau De Change operators to purchase $25,000 weekly from the Nigerian Autonomous Foreign Exchange ...
CBN restricts PoS agents to N1.2m daily transaction, N100,000 for customers
The Central Bank of Nigeria capped daily transactions for PoS agents at N1.2 million and individual customers at N100,000 These ...
CBN sets daily cash-out limit for POS transactions
CBN said the restriction is in line with the apex bank’s ongoing efforts to advance a cashless economy The Central ...
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