The Central Bank of Nigeria (CBN) has increased the cost of getting or replacing debit and credit cards from N1,000 to N1,500. This change is part...
The Central Bank of Nigeria (CBN) has instructed all international money transfer operators (IMTOs) to create naira settlement accounts and process all remittance payments through them....
President Bola Tinubu has nominated Lamido Abubakar Yuguda to serve as a deputy governor of the Central Bank of Nigeria (CBN). Bayo Onanuga, the president’s special...
The Central Bank of Nigeria (CBN) has ordered that every Point of Sale (PoS) terminal in the country be fitted with geo-tagging technology within the next...
The Central Bank of Nigeria (CBN) has dismissed reports suggesting that it has introduced N5,000 and N10,000 banknotes, calling them false and misleading. In a statement...
The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend the recent increase in Automated Teller Machine (ATM) transaction fees due to...
The Central Bank of Nigeria (CBN) has announced a revision of Automated Teller Machine (ATM) transaction fees for banks and financial institutions, with the new charges...
The Central Bank of Nigeria (CBN) has announced a new daily cash withdrawal limit of N100,000 per customer for transactions through Point-of-Sale (POS) agents. In a...
The Central Bank of Nigeria (CBN) is reportedly set to retire around 1,000 employees as part of a workforce restructuring initiative. It was gathered that the...
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect. The CBN spokesperson, Hakama Ali, said in a statement...
The presidential candidate of the Labour Party (LP), Peter Obi has strongly criticized the decision of President Bola Tinubu‘s government to introduce a cybersecurity levy. On...
The Central Bank of Nigeria (CBN) has mandated banks operating within the country to start charging a cybersecurity levy on transactions. A circular issued on Monday,...
The Central Bank of Nigeria (CBN) has issued a directive prohibiting the use of foreign currency (FCY) as collateral for Naira loans. This was contained in...
Urum Kalu Eke, nominated for the Central Bank of Nigeria Board of Directors, has declined the appointment extended by President Bola Tinubu, citing his ongoing commitment...
Margaret Emefiele, the wife of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been declared wanted by the Economic and Financial...
The Central Bank of Nigeria has taken swift action by immediately dismissing the entire Board of Directors overseeing Polaris, Titan, Union, and Keystone Banks. According to...