CBN to launch whistleblower platform January
The Central Bank of Nigeria will launch an externally hosted whistleblowing platform on January 1, 2025. This initiative underscores the bank’s dedication…
CBN
CBN sets PoS agents daily transaction limit at N1.2m
The Central Bank of Nigeria has set a daily transaction limit of N1.2 million for Point of Sale agents. Additionally, the bank…
Diaspora remittances surge to $4.22bn – CBN
The Central Bank of Nigeria has reported a substantial rise in diaspora remittances through International Money Transfer Operators, reaching $4.22 billion between…
CBN restricts daily limit of POS transactions to N100,000
The Central Bank of Nigeria has introduced a policy to advance its cashless economy initiative, capping daily cash-out transactions conducted by Point…
CBN fines banks ₦150m for selling mint Naira notes
The Central Bank of Nigeria has imposed a hefty ₦150 million fine on deposit money banks and financial institutions found selling newly…
Nigeria’s money supply rises by 48% in October
Nigeria’s broad money supply grew by 48.3% year-on-year, reaching N107.7 trillion in October 2024, up from N72.6 trillion in the same period…
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
The Central Bank of Nigeria has imposed ₦1 billion fines on two of the country’s largest fintech unicorns, Moniepoint and OPay, in…
CBN loan to govt hits N42trn
The Central Bank of Nigeria’s data reveals a significant increase in credit to the government, which grew by nearly 90%, from N22.14…
CBN to retire 1,000, offers N50bn for severance pay
The Central Bank of Nigeria is set to retire around 1,000 of its employees by the end of the year, according to…
CBN to launch new website today
The Central Bank of Nigeria has officially launched its redesigned website today, December 2, 2024. In a statement signed on Sunday, by…
FX matching system will correct Naira’s true value – Cardoso
The Central Bank of Nigeria, Olayemi Cardoso announced that the upcoming electronic FX matching system will help align the naira-to-dollar exchange rate…
ICYMI: CBN sets Banks’ minimum trade on FX platform at $100,000
The Central Bank of Nigeria has introduced new guidelines for interbank foreign exchange trading, effective from November 25, 2024. These guidelines stipulate…