LG autonomy: FG directs 774 councils to open account with CBN The 774 local government areas in Nigeria have been mandated to open dedicated accounts with the Central...
CBN slams N1.35bn fine on 9 banks for ATM cash shortage The Central Bank of Nigeria (CBN) has imposed a total fine of ₦1.35 billion on nine...
Currency in circulation now N4.8tn – CBN report Currency in circulation has reached an all-time high of N4.8 trillion as of November 2024, recording over seven per...
CBN fines bank found hoarding cash N150m The Central Bank of Nigeria (CBN) has imposed a N150 million fine on a commercial bank for failing to...
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary...
CBN imposes N150 million fine on banks for illicit mint naira transactions The Central Bank of Nigeria (CBN) has taken a firm stance against the illegal...
Old naira notes will remain in circulation indefinitely – CBN The Central Bank of Nigeria (CBN) has said the old N1,000, N500, and N200 banknotes still in circulation...
JUST IN: House of Reps opposes CBN’s plan to retire 1,000 workers The House of Representatives has kicked against the plan by the Central Bank of...
CBN to retire 1,000 workers, focuses on contactless payment systems To safeguard Nigeria’s financial system, nurse the economy back to good health and restore investor confidence, the...
CBN issues new forex guidelines on BDC transactions The Central Bank of Nigeria (CBN) has introduced updated guidelines that allow licensed Bureaux de Change (BDCs) to...
