Financial inclusion crucial to national economy – CBN
The Deputy Governor for Financial Systems Stability at the Central Bank of Nigeria, Philip Ikeazor, has emphasized the crucial role of financial…
CBN
Cardoso pledges stronger economic ties with Saudi Arabia
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed the bank’s commitment to enhancing economic cooperation between Nigeria and…
CBN holds interest rate at 27.5% amid inflation decline
The Central Bank of Nigeria’s Monetary Policy Committee has unanimously decided to maintain the Monetary Policy Rate at 27.5%. This decision was…
CBN investigates 19.7m dormant bank accounts
The number of dormant bank accounts in Nigeria has exceeded 19.69 million, according to the Nigeria Inter-Bank Settlement System’s industry customer account…
Banks must stock ATMs with cash – CBN
The Central Bank of Nigeria has directed banks to ensure that customers have access to cash at Automated Teller Machines as the…
CBN eyes closer Nigeria-Middle East economic ties
The Governor of the Central Bank of Nigeria, Olayemi Cardoso has stressed the need for closer economic ties between Nigeria and the…
CBN clarifies N100 fee withdrawals at other banks’ ATMs
The Central Bank of Nigeria has clarified that the newly reviewed N100 charge on ATM withdrawals from other banks (Not-On-Us transactions) applies…
Bank customers react as CBN scraps free ATM wthdrawals
The Central Bank of Nigeria’s decision to scrap the three free withdrawals previously allowed on other banks’ ATMs, has sparked criticism from…
CBN cancels free ATM withdrawals for other banks’ customers
The Central Bank of Nigeria has revised ATM transaction fees, eliminating the three free monthly withdrawals previously available to customers using other…
CBN sets weekly $25,000 FX limit for BDCs
The Central Bank of Nigeria has introduced new guidelines limiting Bureau de Change operators to purchasing a maximum of $25,000 per week…
Banks reported higher loan defaults in Q4 2024 – CBN
The Central Bank of Nigeria revealed that lenders, including commercial banks and other financial institutions, experienced increased default rates on secured, unsecured,…
Cardoso warns banks on FX code violations
Central Bank of Nigeria Governor, Olayemi Cardoso, has issued a strong warning to financial institutions, stressing that any violations of the newly…