The Central Bank of Nigeria (CBN) has eliminated the three free monthly ATM withdrawals previously allowed for customers using other banks’ ATMs, effective March 1, […]
Tag: CBN
Emefiele’s Contract Awards Followed Due Process, Prosecution Witness Testifies
A prosecution witness, Salawu Gana, in the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has testified that the contract awards […]
CBN Pursues Policies to Position Nigeria’s Banking Sector for a ₦1 Trillion Economy
The Central Bank of Nigeria (CBN) is implementing policies aimed at strengthening the banking sector and positioning the economy for a ₦1 trillion transformation, according […]
CBN Fines Nine Banks N1.35bn for Cash Disruption During Festive Season
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35bn on nine Deposit Money Banks for failing to ensure cash availability via Automated Teller […]
Banking Staff Association, Rights Group Decry CBN’s Role in Cash Scarcity
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has blamed the Central Bank of Nigeria (CBN) for the worsening cash […]
CBN’s Monetary Policy Committee Expected to Hold Interest Rate Amid Inflation Moderation and Naira Volatility
As the Central Bank of Nigeria (CBN) begins its two-day Monetary Policy Committee (MPC) meeting, analysts expect the committee to maintain the Monetary Policy Rate […]
AGAIN, THE CBN UNDER IMF JACK BOOTS: DEVALUE THE NAIRA, RAISE INTEREST RATES
A devaluation is the downward adjustment of the value of a country’s money relative to another official exchange rate. It reduces the cost of a […]
CBN Warns of Potential Risks to External Reserves Amid Subsidy Removal and Rising Debt
The Central Bank of Nigeria (CBN) has raised concerns about potential downside risks to the country’s external reserves in the coming years due to key […]
FCT High Court Denies Ex-CBN Governor Emefiele’s Request for UK Medical Trip
A High Court of the Federal Capital Territory (FCT) in Maitama has denied an application by former Central Bank of Nigeria (CBN) Governor Godwin Emefiele […]
CBN Excludes Bureau De Change Operators from Latest Forex Sales
The Central Bank of Nigeria (CBN) has excluded Bureau De Change (BDC) operators from its latest tranche of foreign exchange (forex) sales, limiting the intervention […]