Rising Inflation, Naira Depreciation Slash Nigeria’s Vehicle Imports in 2024
Nigerians imported fewer passenger cars in 2024 as inflation and the sharp depreciation of the naira made foreign exchange more ...
Tag: CBN
BDC Operators Struggle as Dollar Scarcity Worsens, Naira Hits New Lows
Bureau De Change (BDC) operators in Nigeria say commercial banks are not supplying them with dollars as directed by the ...
Banks in Nigeria Begin N100 ATM Withdrawal Charge
Nigerian banks have begun implementing the Central Bank of Nigeria’s (CBN) revised ATM transaction charges, which took effect on March ...
CBN Urges Banks to Align with Global Standards in Tackling Illicit Funds
The Central Bank of Nigeria (CBN) has called on financial institutions to enhance their compliance frameworks and align with global ...
SMEs Struggle as CBN Retains Interest Rate at 27.5%
Small and Medium Enterprises (SMEs) in Nigeria are facing increased financial strain following the Central Bank of Nigeria’s (CBN) decision ...
CBN Targets Single-Digit Inflation as Monetary Policies Take Shape
The Central Bank of Nigeria (CBN) is determined to bring inflation down to single digits in the medium to long ...
CBN Orders Banks to Publish Account Name, Dormant types, Unclaimed Balances
The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to disclose specific details of dormant ...
CBN Orders Banks to Cut Insider Loan Within 180 Days
Nigeria’s banking regulator has issued a sweeping directive requiring commercial banks to bring insider lending within statutory limits or risk ...
CBN Governor Pushes for Stronger Ties with Middle East, Highlights Economic Reforms
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger economic partnerships between Nigeria, the Middle ...
Bank Customers Lament CBN’s Hike in ATM Withdrawal Fees
Bank customers in Nigeria have criticized the recent upward review of Automated Teller Machine (ATM) withdrawal charges by the Central ...
