Central Bank of Nigeria (CBN)
Bank N100 ATM charges To Commence today
New N100 ATM Transaction Fee Set to Take Effect Nationwide
Beginning Saturday, commercial banks across Nigeria will implement a new charge of N100 for transactions conducted at Automated Teller Machines (ATMs), as outlined in revised guidelines issued by the Central … Continue Reading
CBN Implements Fee Waiver for 2025 BDC Licence Renewals
CBN Waives 2025 Licence Renewal Fees for Bureau De Change Operators
The Central Bank of Nigeria (CBN) has announced an immediate waiver of the 2025 licence renewal fees for Bureau De Change (BDC) operators. This decision is part of the … Continue Reading
FG Alleges CBN Misappropriated N2.73tn in Interest Payments on Ways and Means
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has been accused of misappropriating N2.73 trillion in interest payments from Ways and Means advances, raising alarm over financial mismanagement in the handling of government funds.
The allegation was detailed in … Continue Reading
CBN announces New measures to Handle ATM cash shortages
CBN Introduces New Measures to Tackle Cash Shortages at ATMs
The Central Bank of Nigeria (CBN) has unveiled a series of initiatives aimed at resolving the ongoing issues related to cash accessibility at automated teller machines (ATMs) nationwide. This announcement … Continue Reading
BREAKING: CBN Increases interest rate to 27.5%
Central Bank of Nigeria Increases Interest Rate to Combat Inflation
In a strategic move aimed at curbing rising inflation, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to raise the country’s interest … Continue Reading
Why we raised interest rate to 27.5% – CBN
CBN Hikes Monetary Policy Rate to 27.5% Amid Persistent Inflationary Pressures
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) from its previous level to 27.5%, citing persistent inflationary pressures, particularly the rise … Continue Reading
CBN Raises Interest Rate to 27.25%
Financial analysts had predicted the possibility of the CBN holding or lowering interest rates, especially after two consecutive months of declining inflation.
Abuja, Nigeria — The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the … Continue Reading
CBN Governor Reportedly Acquire N10bn Bulletproof SUVs Amid Economic crisis
This alleged spending spree by the CBN leadership comes at a time when many Nigerians are struggling to make ends meet amidst rising costs and economic instability.
Abuja, Nigeria — As Nigeria grapples with severe economic challenges and soaring inflation, … Continue Reading
Exposed: How Emefiele Bypassed CBN Board to Secure $121M(N18.9B) Inflated Contract with Swedish Firm
EFCC Uncovers How Emefiele Spent N18billion to Print N1billion Notes
An investigation has uncovered how former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, bypassed the CBN board to secure approval from ex-President Goodluck Jonathan for an inflated contract … Continue Reading
CBN Greenlights Unity Bank, Providus Bank Merger with Financial Support
The Central Bank of Nigeria (CBN) has granted approval for the proposed merger between Unity Bank Plc and Providus Bank Limited, a move aimed at bolstering the stability of the nation’s financial system and averting potential systemic risks.
According to … Continue Reading