CBN
Banks Commence N100 ATM Charges TodayÂ
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...
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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
Nigerian Banks Raise N1.7trn in CBN’s Recapitalization Drive
Ngerian banks have raised N1.7 trillion in the first phase of the Central Bank of Nigeria’s (CBN) recapitalization drive. The development has contributed...
Olaitan Sodiq
CBN Approves CFA Franc Listing on Nigeria Export Proceeds Forms
CBN has approved the inclusion of the CFA Franc on Nigeria Export Proceeds (NXP) forms. The approval is expected to boost trading and...
Olaitan Sodiq
CBN Clears Outstanding $7bn FX Backlog
CBN has cleared the outstanding $7 billion foreign exchange backlog. Olayemi Cardoso announced that the clearance followed a successful verification exercise by forensic...
Olaitan Sodiq
