Forex: CBN Increases Daily Withdrawal Limit For Domiciliary Accounts
The Central Bank of Nigeria (CBN) has increased the daily withdrawal limit for domiciliary accounts to ten thousand dollars ($10,000). The development was made after an extraordinary Bankers’ Committee meeting…
How Allegedly Dangote Siphoned $3.4bn Through CBN
Nigerian billionaire and businessman, Aliko Dangote has been accused of siphoning $3.4 billion through the Central Bank of Nigeria. Daily Report Nigeria reports that the world's richest man was accused…
CBN Warns Nigerians over Fake Bank Notes
The Central Bank of Nigeria (CBN) has issued a warning to Nigerians regarding the presence of illegal naira banknotes in circulation. The CBN warned that the counterfeit notes are predominantly…
CBN Directs BDCs to Sell Dollar at N1,269
The Central Bank of Nigeria (CBN) has issued a directive to Bureau de Change (BDC) operators to sell the US dollar at a fixed rate of N1,269 per dollar in…
Dollar to Naira Exchange Rate Today: Black Market Rate Hits N1590
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has hit N1590, with buyers purchasing at N1580 and sellers at N1590,…
CBN Hikes Monetary Policy Rate to 27.25% Amid Inflation Concerns
The Central Bank of Nigeria (CBN) has announced a significant increase in the Monetary Policy Rate (MPR) by 50 basis points, elevating it from 26.75% to 27.25%. This decision, made…
CBN Fined N2bn on Moniepoint, OPay Amid Stricter Fintech Oversight – Report
The Central Bank of Nigeria (CBN) has reportedly imposed N1 billion fines each on Moniepoint and OPay in the second quarter of 2024. This follows a routine audit of fintech…
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 bank's shares to the Federal Government. The…
CBN Set To Mint Currency For Gambia
The Central Bank of Nigeria, CBN has expressed its readiness to help the Central Bank of the Gambia (CBG) to print its legal tender — the dalasi. Governor of the CBN,…
Buhari’s Successor Will Face Numerous Challenges – Sanusi
The 14th Emir of Kano and former Governor of the Central Bank of Nigeria, Muhammad Sanusi II, has stated that whoever succeeds President Muhammadu Buhari will face the same problems…