The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The directive is…
The Central Bank of Nigeria (CBN) has limited weekly cash withdrawals over the counter to N100,000 for individuals and N500,000 for organisations regardless of their size. This is according…
The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable customers return existing naira notes. The CBN had…
The Central Bank of Nigeria is targeting a stronger digital economy to support the growth of the financial systems. This is even as the digital currency, eNaira, records 190.1 per…
The World Bank Group has hinted on why food and energy crises persisted in Nigeria and other emerging economies in recent months. In its latest commodity markets outlook released at…
The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in…
President Muhammadu Buhari will on Friday present the 2023 Appropriation Bill to a joint session of the National Assembly, it has been learnt. Senate President Ahmad Lawan read Buhari’s letter of…
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch…
The Central Bank of Nigeria (CBN) Makurdi cash office, covering North Central States, is on fire. The cause of the fire is not known but fire fighters were yet to…
Selling forex to banks to end in 2022 – CBN, The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex…