CBN
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News
CBN pegs daily cash withdrawal limit on PoS at N100,000 per customer
Central Bank of Nigeria (CBN) has limited cash withdrawals on Point-of-Sale (PoS) machines to ₦100,000 per customer daily. The apex…
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News
Release of new notes to hawkers: CBN to slam N150m fine on banks
The Central Bank of Nigeria (CBN) has announced plan to slam a fine of N150m on any deposit money bank…
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News
Reps task CBN on cash scarcity…as Nigerians ‘re at mercy of POS operators
The House of Representatives has called on the Central Bank of Nigeria (CBN) to urgently address the current cash crunch…
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News
Workforce realignment: CBN to retire 1,000 employees with N50bn severance package
The Central Bank of Nigeria (CBN) is planning to retire about 1,000 of its workers as a part of its…
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News
Old naira notes remain valid indefinitely, says CBN
Contrary to claims at different quarters that the old naira notes would no longer be a legal tender by December…
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National
Currency outside banks drops to N3.66tn — CBN
Report has said that currency in circulation outside Nigeria’s banking system dropped to N3.66tn last month (July). The drop is…
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Business
CBN raises interest rate to 27.65%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased the benchmark lending rate to 27.65 per…
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National
FG suspends cyber security levy to review policy
The Federal Government has formally put the cyber security levy on hold. It disclosed that the recent suspension of the…
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