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 ...
Tag: CBN
CBN Opens Window for Beneficiaries to Claim Funds from Dormant Accounts
The Central Bank of Nigeria (CBN) has announced that next-of-kin, beneficiaries or legal agents can now claim unclaimed funds from ...
CBN Assures Naira Stability as Investor Confidence Grows
The Central Bank of Nigeria (CBN) has reiterated its confidence that the naira will stabilize as investor confidence strengthens. CBN ...
CBN Waives 2025 License Renewal Fee for Bureau De Change Operators
The Central Bank of Nigeria (CBN) has announced the waiver of the 2025 annual license renewal fee for all existing ...
Nigeria’s Electronic Payment Transactions Hit Record N1.07 Quadrillion in 2024
Electronic payment transactions in Nigeria soared to an unprecedented N1.07 quadrillion in 2024, marking the first time the country’s e-payment ...
Credit Losses to Stay High as Inflation, Interest Rates Pressure Borrowers
Nigeria’s banking sector will continue to face elevated credit losses in 2025, with losses projected at 2.5% to 3.0%, slightly ...
World Bank and IMF Call for Unified Approach to Tackle Inflation in Nigeria
The World Bank and the International Monetary Fund (IMF) have urged the Central Bank of Nigeria (CBN) to stay committed ...
CBN Projects 4.17% GDP Growth in 2025 as Inflation and FX Reforms Take Shape
The Central Bank of Nigeria (CBN) has forecasted a 4.17% economic growth rate for 2025, driven by ongoing reforms and ...
Nigerian Business owners Urged to Harness Export Opportunities as Naira Weakens
The Central Bank of Nigeria (CBN) has encouraged businesses to adopt export-focused strategies to leverage the naira's depreciation. Speaking at ...
Taiwo Oyedele Makes Case For Implementation of Tax Reform Bills by Mid-2025
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has urged the implementation of tax reform ...
