The Federal Government disbursed 50 per cent more on external debt servicing year-on-year, according to the latest international payment data by the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. This was revealed in its...
The Central Bank of Nigeria (CBN) has reiterated that the old and redesigned N1000, N500, and N200 banknotes remain legal tender and will continue circulating concurrently...
The Central Bank of Nigeria (CBN) has introduced a daily cash withdrawal limit of N100,000 per customer for transactions conducted through Point-of-Sale (PoS) terminals. This directive,...
Amid liquidity challenges in the financial sector, Nigerian banks borrowed an estimated N9.97 trillion from the Central Bank of Nigeria (CBN) in November 2024, about 44.90...
The Central Bank of Nigeria (CBN) has announced that it will maintain the Monetary Policy Rate as a key strategy for managing inflation, which is one...
The Central Bank of Nigeria is reportedly planning to lay off around 1,000 employees as part of a strategic workforce restructuring effort. An allocation of over...