CBN says reduction of cash-based transactions by 2025 will foster cashless economy
By Chisom Nwatu The Central Bank of Nigeria (CBN) has said the use of cash payment will naturally reduce by 2025 as the new naira
CBN increases individual cash withdrawal limit to N500,000 weekly
By Onome Amuge The Central Bank of Nigeria (CBN) has reviewed its policy on cash withdrawal limits and increased the maximum weekly
CBN threatens to revoke banks’ forex licence over diaspora remittances in naira
By Onome Amuge The Central Bank of Nigeria (CBN) threatened to withdraw foreign exchange dealership licences of banks that
Nigeria’s oil, gas earnings rise 60.42% to N18.18trn, CBN confirms
By Innocent Obasi Nigeria crude oil and gas export earnings have increased by $40.86 billion (about N18.18 trillion) in the first
Analysts call on CBN to tweak strategy as inflation defies MPC
BY ONOME AMUGE Nigeria, Africa’s largest economy, has been bedevilled by a worrisome rate of consumer price index, a measure
N9.71trn intervention funds disbursed in 3 years, CBN claims
By Cynthia Ezekwe The Central Bank of Nigeria said it has disbursed a total of N9.71 trillion through various interventions to support
CBN shuns critics to push cash withdrawal limit policy
By Onome Amuge Insists no going back on plan, take-off date PoS operators may take a hit The sounds coming from the camps of those
CBN to set up offshore banking in free trade zones to boost investments
By Rosemary Iwuala The Central Bank of Nigeria (CBN), in collaboration with the Free Trade Zone Authority (FTZA), has
CBN shrinks daily withdrawal limit to N20,000
By Rosemary Iwuala The Central Bank of Nigeria (CBN) has imposed fresh cash withdrawal limits on individuals and organisations,
Buhari nominates Aishah Ahmad, Edward Adamu as CBN deputy directors
By Cynthia Ezekwe President Muhammadu Buhari has nominated Aishah Ahmad and Edward Adamu to serve as deputy directors for a second