CBN vows to impose stiffer sanctions on banks hoarding new naira notes
Financial institutions that are stockpiling the new naira notes will face harsher punishments, according to the Central Bank of Nigeria ...
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Tag: CBN
CBN raises interest rate to 17.5 percent
The Monetary Policy Committee of the Central Bank of Nigeria, CBN has voted to increase the benchmark interest rate by ...
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CBN unveils countdown clock to commencement of Naira redesign
The Central Bank of Nigeria (CBN) has posted a countdown clock on its website for the expiration of the N200, ...
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CBN grants Airtel Africa approval for super agent
The Central Bank of Nigeria (CBN) has granted Airtel Mobile Commerce Nigeria Ltd., a subsidiary of Airtel Africa, approval in ...
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CBN to ban BVN violators from banking services
The Central Bank of Nigeria (CBN) has issued a Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List ...
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CBN set to roll out e-Naira on Oct 1st
The Central Bank of Nigeria (CBN) is set to roll out the e-Naira digital currency on Friday, October 1, 2021. ...
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CBN issues warning to microfinance banks against forex transactions, wholesale banking
The Central Bank of Nigeria (CBN) has warned microfinance institutions to desist from activities such as wholesale banking and foreign ...
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CBN reveals reimbursement of N89bn to customers
The Gov. of Central Bank of Nigeria (CBN), Dr Godwin Emefiele on Thursday, August 5, disclosed that at the end of June ...
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SERAP sues Buhari over CBN overdrafts totalling $25bn
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit asking the Federal High Court in Abuja to compel ...
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Customers to Pay N6.98 When Using USSD Service For Financial Transaction – CBN
The Central Bank of Nigeria has set new charges payable by customers using USSD services for their financial transactions. The ...
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