Business

FG unveils report to boost MSME access to

  • 30th March 2026

Trump threatens to target Iran’s energy network if

  • 30th March 2026

12 tonnes of KitKat chocolates stolen in Italy 

  • 30th March 2026

Mutual Benefits pays ₦4.2bn insurance claims in February

  • 30th March 2026

Contact Info

Some Populer Post

10 steps to file your individual tax returns

featured Finance

Power crisis deepens as FG pays only 4% of

Electricity

Nigeria’s gas production hits 7.5 bcf daily as 2030

Oil and Gas
FG targets 6500 megawatts power generation in six months

FG issues ₦501bn bond to tackle power sector liquidity

Electricity

Tag: CBN

POS transactions reduce by N226bn as currency circulation increases
Policy and Regulations

CBN caps POS agent daily transaction limit at ₦1.2m

The Central Bank of Nigeria has introduced new operational guidelines for agent banking, setting a ₦1.2 million daily transaction cap per Point-of-Sale agent and a ₦100,000 daily limit for individual customers. The revised framework, signed by the Director of Payments System Management, Musa Jimoh, was released on Monday to enhance oversight, strengthen financial stability, and […]

Banking

CBN slams N5m fine on agent banking offences

The Central Bank of Nigeria has announced that any agent found engaging in non-permissible activities under its newly revised Agent Banking Guidelines will face a minimum penalty of N5 million for the offense and N100,000 for each day the default continues, in addition to forfeiting any profit made from such activities. According to the revised […]

Banking

CBN orders banks to submit monthly reports on POS agents

The Central Bank of Nigeria has directed all financial institutions to submit detailed monthly reports on the operations of their Point-of-Sale agents. The directive aims to boost oversight, improve transparency, and reduce risks within Nigeria’s rapidly growing agent banking sector. In a circular signed by Musa Jimoh, Director of the CBN’s Payments System Policy Department, […]

Policy and Regulations

CBN reforms create opportunities for MSMEs to thrive – ACCI

The Abuja Chamber of Commerce and Industry has stated that the Central Bank of Nigeria has created opportunities for micro, small and medium enterprises to thrive in a competitive environment by providing access to credit facilities, intervention funds, forex management, and financial inclusion strategies. The Director General of the ACCI, Agabaidu Jideani, made this statement […]

Economy featured

MAN urges CBN to cut lending rates below 5%

The Manufacturers Association of Nigeria has continued to bemoan the high interest rates in the country, noting that the situation has placed the nation’s manufacturing sector at a competitive disadvantage against other countries of the world. The Director General of MAN, Segun Ajayi-Kadir, expressed optimism that the recent 50 basis points reduction in the Monetary […]

Business

CBN moves to reform fixed income market for transparency

The Central Bank of Nigeria has unveiled plans for a phased overhaul of the Nigerian Fixed Income Market to boost transparency and efficiency in the financial system. In a notice signed by the Acting Director of the Financial Markets Department, Okey Umeano, the CBN said the first phase will begin in November, with the bank […]

Banking

TAJBank surpasses CBN’s capital requirement threshold

TAJBank, one of Nigeria’s fastest-growing non-interest banks, has met the Central Bank of Nigeria’s new minimum capital requirement for national non-interest banks. The bank’s Managing Director/CEO, Hamid Joda, confirmed this achievement during an interactive chat with journalists on the sidelines of an investment summit in Abuja. With this compliance, TAJBank has joined the rank of […]

Banking

14 banks meet new capital requirement – CBN

The Central Bank of Nigeria has announced that 14 Nigerian banks have fully met the new capital requirement in the ongoing recapitalization exercise. CBN Governor Yemi Cardoso disclosed this while presenting a communiqué from the 302nd meeting of the Monetary Policy Committee in Abuja. The CBN had introduced a new minimum capital base requirement for […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured

CBN cuts interest rate to 27%

The Central Bank of Nigeria’s Monetary Policy Committee has lowered the benchmark interest rate to 27.00 percent, marking the first adjustment of 2025. CBN Governor Olayemi Cardoso announced the decision on Tuesday at a press briefing following the 302nd MPC meeting in Abuja. The Committee decided as follows: (1) reduce the monetary policy rate by […]

Finance

CBN increases dollar sales to stabilize FX market

The Central Bank of Nigeria has increased its dollar sales to stabilize the foreign exchange market amid declining inflows from key sources. In August 2025, the CBN sold $574 million, a 76 per cent increase from $326 million in July. Total foreign exchange inflows into Nigeria’s market fell by 12 per cent month-on-month to $3.4 […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured Finance

CBN reiterates commitment to financial inclusiveness, productivity

The Central Bank of Nigeria has reiterated its unwavering commitment to financial inclusiveness and stimulating productivity towards sustainable economic growth and development of Nigeria. The CBN Governor, Olayemi Cardoso, made this known during a fair it organized in Kano to sensitize the public on policies introduced by the bank to enhance their lives and livelihood […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in