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…
CBN
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…
CBN sets January 31 deadline for FX market compliance reports
The Central Bank of Nigeria has instructed foreign exchange market participants to submit compliance reports on their adherence to the Nigeria FX…
CBN urged to maintain inflation control measures
The World Bank Group has urged the Central Bank of Nigeria to remain committed to its efforts in tackling inflation. This was…
CBN okays FX code to promote ethics
The Central Bank of Nigeria has officially approved the Nigerian Foreign Exchange Code to promote ethical conduct and transparency in the country’s…
CBN launches digital initiatives for transactions, document management
The Central Bank of Nigeria has launched two new digital initiatives—the Document Flow System and the Ministries, Departments, and Agencies Naira Payment…
CBN fines nine banks N1.35bn for cash shortage at ATMs
The Central Bank of Nigeria has imposed fines totaling N1.35 billion on nine deposit money banks for failing to ensure cash availability…
Former CBN employees sue for reinstatement, compensation
Former employees of the Central Bank of Nigeria, who were dismissed in a large-scale retrenchment in 2024, have taken legal action to…