CBN
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News
CBN Introduces Daily N100,000 Cash-Out Limit for POS Agents
The Central Bank of Nigeria (CBN) has announced new stringent regulations for Point-of-Sale (POS) agents, introducing a daily cash-out transaction…
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Business
CBN Slams N150 Million Fine on Banks Aiding Naira Currency Hawkers
The Central Bank of Nigeria (CBN) has escalated its battle against currency mismanagement, imposing a hefty N150 million fine on…
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Business
Naira Continues Rapid Gain Against the Dollar as Rate Drops to N1,535
The Nigerian naira has experienced a remarkable appreciation, closing at N1,535 to the dollar on Friday, December 6, 2024, in…
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Business
Naira Gains Three Days of Consecutive Appreciation
The Nigerian naira has shown significant gains in recent days as trading data reveals a steady appreciation of the naira…
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Business
CBN Governor Signals Easing of High Interest Rates as Inflation Cools
In a recent address at the Bankers’ Night hosted by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos,…
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Economy
CBN Raises Interest Rate to 27.5% to Combat Surging Inflation
In a move to tackle the surging inflation in the country, the Central Bank of Nigeria (CBN) has raised the…
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Business
CBN Warns Against Use of Fraudulent SWIFT Messages
The Central Bank of Nigeria (CBN) has issued a stern warning to bank customers who utilize unreliable SWIFT messages for…
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Business
CBN Cracks Down on Banks: Empty ATMs and Cash Hawking Draw Heavy Penalties
The Central Bank of Nigeria (CBN) has launched a severe crackdown on banks that fail to maintain functional ATMs or…
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