CBN
World Bank Clarifies $10.50m Funding to CBN as Grant, Not Loan
The World Bank has clarified that the $10.50 million funding for the Central Bank of Nigeria (CBN) is a grant, not a loan,...
Olaitan Sodiq
CBN Injects $197.71 Million into FX Market to Boost Liquidity
CBN has injected $197.71 million into the foreign exchange market to ensure liquidity and stability. The move aims to support a stable, transparent,...
Olaitan Sodiq
CBN Denies Introducing N5,000, N10,000 Banknotes
CBN has denied introducing new N5,000 and N10,000 notes, labeling the reports as false. The reports had claimed that the CBN was set...
Olaitan Sodiq
Banks Commence N100 ATM Charges Today
CBN has introduced new charges for Automated Teller Machine (ATM) transactions. The charges, which take effect on March 1, 2025, will see customers...
Olaitan Sodiq
CBN’s Forex Policies Working, Naira Undervalued by 26.35% – Rewane
Bismarck Rewane, Managing Director of Financial Derivatives Company, has expressed confidence in CBN foreign exchange policies, stating they are yielding positive results. Rewane...
Olaitan Sodiq
CPPE Urges CBN to Reduce Interest Rates After Pause
CPPE has urged the Central Bank of Nigeria (CBN) to reduce interest rates going forward. This comes after the CBN retained the Monetary...
Olaitan Sodiq
CBN Under Fire As SERAP Demands Reversal of ATM Transaction Fee Hike
SERAP has given the Central Bank of Nigeria (CBN) a 48-hour ultimatum to reverse the newly announced hike in Automated Teller Machine (ATM)...
Olaitan Sodiq
CBN Reassures Keystone Bank Customers After Court Order
The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank not to panic following a court order ordering forfeiture of the...
Olaitan Sodiq
CBN Warns Banks Against Limiting ATM Withdrawals Below ₦20,000
CBN has warned banks against limiting ATM withdrawals to amounts below ₦20,000 per transaction. The CBN stated that any bank that compels a...
Olaitan Sodiq
