Tag: CBN
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 ...
Enugu Bank Staff Arraigned for Alleged Currency Racketeering
According to the charge, the defendants sold the newly-minted notes to one Husseini Ibrahim in October 2024 The Economic and ...
Nigeria’s inflation rate rises to 34.60 amid worsening hardship
The inflationary data was contained in the latest Consumer Price Index and Inflation for November released by the National Bureau ...
Old, new naira notes remain legal tender – CBN
Encouraged the general public to embrace alternative modes of payment, such as e-channels The Central Bank of Nigeria (CBN) says ...
Court to Rule on Emefiele’s Jurisdiction Challenge on January 7
Justice Rahman Oshodi has set January 7, 2025, to rule on Godwin Emefiele's challenge to the court's jurisdiction over his ...
CBN reacts to purported sale of FX to BDCs at N1,300 per dollar
This comes as the Naira has appreciated significantly in the past seven days against the dollar at the FX market ...
Address Cash Crunch, Reps Tell CBN
The House of Representatives urged the Central Bank of Nigeria to address the ongoing cash crunch, which is causing significant ...
Resolve Cash Scarcity, Arbitrary Charges, Shettima Urges Banks
Vice President Kashim Shettima urges CBN and banks to address cash scarcity and high POS charges, emphasizing the need for ...
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