Business

Reforms attract over $10bn investment in upstream oil

  • 10th April 2026

FG begins assessment of $200bn integrated infrastructure proposal

  • 10th April 2026
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN warns banks against excessive risk-taking after recapitalisation

  • 10th April 2026
NITDA to develop blockchain "Nigerium" for data Security

Cyberattack cover-ups must end, NITDA warns organisations

  • 10th April 2026

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Reforms attract over $10bn investment in upstream oil sector

Business

FG begins assessment of $200bn integrated infrastructure proposal

Business
CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown

CBN warns banks against excessive risk-taking after recapitalisation

Business

Nigeria risks losing airspace surveillance service, NAMA warns

Aviation

Tag: CBN

News

CBN halts ‘over-the-counter’ withdrawal of new notes

  The Central Bank of Nigeria has directed deposit money banks not to pay customers who make over-the-counter withdrawals of fresh naira notes. To guarantee that the money circulates across the country prior to the deadline of January 31, 2023, when the old notes will no longer be accepted as legal tender, the central bank […]

Kogi residents lament scarcity of new naira note
News

New naira same as old notes, stains white surfaces – NSPM

  Nigerian Security Printing and Minting Plc has drawn attention to some of the new naira notes’ features in an effort to educate Nigerians who have voiced concerns about the notes’ quality. The company underlined the need to educate Nigerians about the new Naira’s attributes in a statement released on Friday and signed by NSPM’s […]

Banking

Activate rural banking, CBN directs PSBs

  The Central Bank of Nigeria has instructed Payment Service Banks to target those who are financially excluded by operating primarily in rural and unbanked areas. According to the sector’s supervisory framework for Payment Service Banks, PSBs must have at least 25% of their financial service touch points in rural areas that are periodically designated […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
Economy

New naira: Extend deadline, Senate urges CBN

The Senate has urged the Central Bank of Nigeria to extend the deadline for withdrawal of old Naira notes from the economy, fixed for January 31, 2023, to June 30, 2023.   CBN had announced in November that the old naira notes of N1,000, N500 and N200 denominations would be withdrawn from circulation by January […]

Economy

New naira: ATMs still dispensing old notes, report reveals

  Thirteen days after the issue of the freshly redesigned N200, N500, and N1,000 notes, and with 34 days till the old notes are no longer legal cash in the country, Automated Teller Machines in Lagos are yet to begin dispensing the new notes. According to Leadership, majority of Lagos’s ATMs are still distributing old […]

News

6,047 BVN on watchlist over fraudulent activities – CBN

  Findings have revealed that the Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank customers under its watchlist. According to The PUNCH, this was contained in the CBN Financial Stability June 2022 report published in December 2022. 11,871 BVNs have been added to the watch list this year as […]

E-commerce

Naira notes production, destruction costs N800bn – CBN

The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has revealed that the CBN spent N800bn between 2017 and 2021 on the production, storage, transportation and destruction of the currency. According to The PUNCH, Ahmad, revealed this on Friday during her appearance before the House of Representatives. Findings by Sunday PUNCH reveal […]

News

1.4m POS agents generated N6tr in 2022 – CBN

The Central Bank of Nigeria has disclosed that 1.4 million agents generated N6 trillion in transactions, up from N48 billion in 2012. This was stated by the Deputy Governor for Financial System Stability, of the CBN, Aisha Ahmed, who represented CBN Governor, Godwin Emefiele at the National Assembly on Thursday. She stated that there were […]

News

CBN reveals overall benefit of cash withdrawal limit

The Central Bank of Nigeria has stated that the cash withdrawal limit is not anti-people. According to The PUNCH, this was stated by the Deputy Governor, Financial System Stability, CBN, Aisha Ahmad, on Thursday, while appearing before the House of Representatives. Ahmad represented the CBN Governor, Godwin Emefiele, who had twice failed to appear before […]

Economy

Why Nigeria’s foreign reserves lost $2.2bn – CBN

The Central Bank of Nigeria has explained reasons why Nigeria’s foreign reserves lost $2.22 billion in a sustained demand pressure in the foreign exchange market.   In its Financial Stability Report, CBN showed that the reserves fell to $36.96 billion in the second week of December, from August closing figure of $39.18 billion.   According […]

featured

CBN bows to pressure, increases weekly withdrawal limit

The Central Bank of Nigeria has raised the weekly maximum limit for cash withdrawals by individuals and corporate entities through all channels to N500,000 and N5,000,000, respectively. In a letter sent to banks on Wednesday, the CBN disclosed this. Recall that the apex bank stated that the decision was based on input from stakeholders. The […]

Banking

Withdrawal limit: PoS agents not endangered by new policy, says CBN

The Central Bank of Nigeria has debunked claims that its new policy limiting cash withdrawals is targeted at point-of-sales agents.   Recall, that the apex bank, earlier in December, announced that it was planning to set weekly withdrawal limit at N100,000 for individual and N500,000 for organisations.   The CBN’s Director of Banking Supervision, Mustafa […]

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