CBN increases charges on cash deposits, withdrawals
From Wednesday, September 18, 2019 charges collected by banks from individuals who deposit cash above N500,000 will increase to 2 ...
Wednesday, April 1, 2026
Tag: CBN
Banks race to improve deposits as CBN’s 60% LDR directive elapses in 2 weeks
In the wake of an approaching deadline towards meeting the Central Bank of Nigeria's (CBN) directive on loans, Nigerian banks ...
CBN makes DisCos’ remittance condition for N600bn disbursement
The Central Bank of Nigeria (CBN) has warned would-be beneficiaries of the N600billion power sector intervention fund that the disbursement ...
Financial institutions to face sanctions for flouting CBN’s e-payment rules
Deposit Money Banks (DMB), Other Financial Institutions (OFIs) and Mobile Money Operators (MMOs) in the country who breach Central Bank ...
CBN injects $210m into forex market
The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into the interbank segment of the foreign exchange ...
Stop N305/dollar official exchange rate, LCCI tells CBN
The Lagos Chamber of Commerce and Industry has advised the Central Bank of Nigeria to discontinue the official exchange rate ...
CBN: Federally-collected revenue rises by 23% to N932bn
Nigeria’s federally collected revenue (gross) stood at N931.93 billion in July, representing a 22.6 percent increase compared with the N760.08 ...
CBN to issue N1.5bn loan for youth led agric expansion in Plateau
The Central Bank of Nigeria is to give a loan of N1.5 billion to Plateau under the Accelerated Agriculture Development ...
Customers won’t pay for returning bad notes – CBN
The Central Bank of Nigeria on Sunday said that customers of banks would not be charged any fee for returning ...
External reserves sink to five-month low of $43.67bn
The nation’s foreign exchange reserves have dropped to a five-month low of $43.67bn, losing $1.23bn in 29 days, latest data ...
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