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The Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the...
The President, Bola Tinubu has ordered the immediate suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, from office. The suspension takes immediate effect. The...
The Federal Government has incurred a deficit spending of N36.8 trillion in eight years under the administration of President Mohammadu Buhari from 2015 to 2022. Data analysis...
Stakeholders in the financial sector and banks are divided over re-issuance of the old naira notes following the Supreme Court judgement extending their legal tender status...
The Central Bank of Nigeria, CBN had revised the cash withdrawal limits for individuals to N500,000 weekly from N100,000 weekly across all payment channels.The apex bank...
Bankers, Insurers among others in the nation’s financial institutions, have given conditional support to the Central Bank of Nigeria, CBN, new N100,000 cash withdrawal limit, saying...
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals...
President Muhammadu Buhari on Wednesday unveiled the new naira notes of N200, N500 and N1,000 at the Council Chamber, Presidential Villa, Abuja. The unveiling of the...
The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans. Specifically, the NIRSAL...
The Central Bank of Nigeria (CBN) has unveiled the *997# USSD code in Kano to reduce the use of cash in commercial activities in the country....