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 ...
Tag: CBN
Nigerian Businesses Struggle with High Inflation, Survey Reveals
A staggering 85.5% of large businesses in Nigeria consider inflation levels to be high, underscoring the persistent economic pressures facing ...
Approved Loan Apps Surge to 380 as Concerns Grow Over Unethical Practices
The number of digital lenders approved to operate in Nigeria has surged to 380 as of February, up from 320 ...
CBN Confirms N100 ATM Withdrawal Fee Below N20,000
The Central Bank of Nigeria (CBN) has confirmed that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine ...
CBN Stops Three Free Monthly Withdrawals for Customers Using Other Banks’ ATMs, Imposes More Charges
The Central Bank of Nigeria (CBN) has announced that customers will now be charged when they use Automated Teller Machines ...
Banks Reject N4.8bn in Investor Subscriptions Amid Recapitalization Drive
Four Nigerian banks—Zenith Bank, Access Holdings, FCMB Group, and Fidelity Bank—have rejected a total of N4.8 billion in investor subscriptions ...
Exporters Lament $10 Million Losses Over CBN New Export System
Exporters under the Association of West African Exporters and Maritime Professionals (AWAEMAP) have decried losses exceeding $10 million following the ...
Polaris and Keystone Consider Mergers as Nigeria’s Capital Regulations Push Consolidation
Nigerian banks are ramping up capital-raising efforts to comply with new Central Bank of Nigeria (CBN) regulations, with tier-1 banks ...
Naira Soars by N63 in Seven -Month High
Nigeria’s exchange rate saw a remarkable surge in January 2025, appreciating by N63.72 to close at N1,474.78 per dollar on ...
POS Operators Exploit Cash Scarcity Due to Poorly Executed Cashless Policy – Expert
Nigeria’s ongoing cash shortage is the result of a poorly executed cashless policy and ineffective management by banks, according to ...
