Nigeria’s Diaspora Remittances Hit $4.22 Billion- Cardoso
Remittance inflows from International Money Transfer Operators (IMTOs) surged to $4.22 billion between January and October 2024, marking a 61% ...
Tag: CBN
CBN Restricts Daily POS Transaction for Individuals to N100,000, Cumulative Daily Transaction Limit for Agents to N1,200,000
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted ...
CBN Cracks Down on Banks Over Mint Naira Sales with N150M Fines
The Central Bank of Nigeria (CBN) has introduced stringent measures to combat the illegal flow of mint naira notes, imposing ...
CBN to Integrate Mortgage Banks and Microfinance Banks into GSI Platform For Loan Recovery Efficiency
The Central Bank of Nigeria (CBN) has unveiled plans to incorporate Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs) into ...
Industry Minister to Engage CBN Over $2.4bn FX Forward Contracts
The Minister of State for Industry, Senator Owan Enoh, has pledged to engage the Governor of the Central Bank of ...
How to Report Cash Scarcity at ATMs and Bank Branches to CBN – See Directory and Procedure
In a bid to enhance access to cash through Over-The-Counter (OTC) withdrawals and Automated Teller Machines (ATMs), the Central Bank ...
CBN Launches Redesigned Website with Enhanced Features
The Central Bank of Nigeria (CBN) has announced the launch of its newly redesigned website, which will go live on ...
Nigerian Government commences N50 Electronic Money Transfer Levy Deduction on Opay, Moniepoint, Kuda, and others
The Federal Government has commenced the implementation of the Electronic Money Transfer Levy (EMTL), charging N50 on electronic transactions of ...
CBN Launches Redesigned Website to Enhance Communication and Accessibility
The Central Bank of Nigeria (CBN) has unveiled its newly redesigned website, set to go live on Monday, December 2, ...
CBN Unveils Electronic FX Matching System to Stabilize Naira Exchange Rate
The Central Bank of Nigeria (CBN) is set to introduce an electronic foreign exchange (FX) matching system to address the ...
