Federal Government Bans Physical Cash for Revenue as MDAs Get 45 days to adopt PoS Systems
The Federal Government has outlawed the use of physical cash for revenue payments and ordered all Ministries, Departments, and Agencies ...
Tag: CBN
CBN Raises Weekly Cash Withdrawal Limit to N500,000, Removes Deposit Restrictions
Nigeria’s cash policy landscape is shifting again as the Central Bank of Nigeria today announced a major review of its ...
Nigeria’s Exit from FATF Grey List Restores Investor Confidence and Unlocks Economic Opportunities
Nigeria’s removal from the Financial Action Task Force grey list has restored global confidence in the country’s financial system and ...
CBN Set to Release Revised FX Manual to Boost Transparency, Strengthen Naira Stability
Nigeria’s central bank is completing work on a revised foreign exchange manual that will soon be released as part of ...
FairMoney Introduces FlexiCredit to Empower Nigerians with On-Demand Credit up to ₦5 Million
FairMoney, a leading microfinance bank in Nigeria, has launched FlexiCredit, a premium, flexible credit line designed to provide eligible users ...
CBN Orders Banks to Withdraw Non-Compliant Adverts, Imposes Stricter Marketing Rules
The Central Bank of Nigeria has ordered all banks, payment service providers, and regulated financial institutions to immediately pull any ...
Manufacturers Push CBN for Lower Interest Rates as High Borrowing Costs Threaten Sector Competitiveness
The Manufacturers Association of Nigeria has called on the Central Bank of Nigeria to ease interest rates further, warning that ...
Nigeria Moves Toward a More Efficient Market as T+2 Settlement Cycle Takes Effect in November 2025
Nigeria’s capital market community has welcomed the transition to a shorter settlement timeline, known as T+2, which will take effect ...
CBN Manages N5.1tn Debt Cycle As Liquidity Pressures Intensify
The Central Bank of Nigeria undertook more than N5 trillion in debt repayments between November 14 and 21, in a ...
FG, CBN Unveil New Economic Strategy to Drive Growth and Tame Inflation
The Federal Government, in collaboration with the Central Bank of Nigeria (CBN), has launched a comprehensive economic framework aimed at ...
