Tag: CBN

The Central Bank of Nigeria (CBN) has been encouraged by Northern Youths to disregard the House of Representatives decision that suspends its new cash withdrawal restriction policy for banks and…

The House of Representatives requested the Governor, Mr. Godwin Emefiele, to halt execution of the recent N100,000 weekly cash withdrawal limitations announced by the Central Bank of Nigeria (CBN) and…

A new regulation published by the Central Bank of Nigeria (CBN) requires deposit money banks and other financial institutions to make sure that over-the-counter cash withdrawals by individuals and corporate…

In order to control inflation, the Central Bank of Nigeria (CBN) said it will reduce the amount of larger denomination notes (N500 and N1000) in circulation. This was said on…

In an effort to fulfill its ambitious goal of releasing the new N200, N500, and N100 notes, the Central Bank of Nigeria (CBN) has secured the support of President Muhammadu…

The Monetary Policy Rate (MPR) of the nation was raised by 100 basis points to 16.5 percent from 15.5 percent on Tuesday by the Monetary Policy Committee (MPC) of the…

According to President Muhammadu Buhari, his administration would not renege on the Central Bank of Nigeria’s (CBN) decision to redesign the country’s highest denomination notes, the N1,000, N500, and N200.…

According to reports, the Sri Lankan Rupee and Ghana’s cedi are the two worst-performing currencies in the world, with the naira of Nigeria coming in third. It was discovered that…

Through their different initiatives, the Dangote Group, Sundry Food Limited, Access Bank Corporation, and United Bank for Africa (UBA) have committed to keep boosting the country’s economy and generating jobs.…

In order to accommodate new entrants into the digital banking industry, the deployment of point of sale (PoS) machines will increase in the upcoming months. Despite difficulties, a large number…