Central Bank of Nigeria Raises Interest Rate to 18.75%, the Highest in 22 Years
In response to the surging inflation rate in Nigeria, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria ...
Tag: Central Bank of Nigeria
Bank Verification Numbers (BVNs) Surpass 57.96 Million, CBN Plans to Close Non-BVN Accounts
The total number of issued Bank Verification Numbers (BVNs) has reached 57.96 million as of July 3, 2023, based on ...
Nigerian Naira Hits Record Lows: Naira Weakens to N788/$1 at I&E, N802/$1 at Black Market, N801/$1 at P2P
Amid a fresh scarcity of foreign exchange (forex), the Nigerian Naira plummeted to an all-time low in the Investors and ...
House of Rep Urges CBN to Suspend Implementation of Social Media KYC Requirement
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the implementation of its directive ...
CPPE Urges Tinubu Administration to Lower Import Duty and Boost Economic Recovery
In a call to action aimed at the Tinubu administration, the Center for the Promotion of Private Enterprise (CPPE) has ...
Nigerian Banks Experience Significant Asset Growth and Increased Industry Credit, Boosting Financial Stability for MSMEs – CBN
In an encouraging development for Nigeria's Micro, Small, and Medium Enterprises (MSMEs), Nigerian banks have witnessed a remarkable surge in ...
CBN Introduces New Guidelines and Transaction Limits for Contactless Payments in Nigeria
In a move to standardize operations in the payments system and ensure financial system stability, the Central Bank of Nigeria ...
CBN Directs Banks to Collect Customers’ Social Media Handles for Enhanced Identification
In a move aimed at strengthening the identification process in the banking sector, the Central Bank of Nigeria (CBN) has ...
CBN Increases Weekly Cash Withdrawal Limit for Individuals to N500,000 and N5 Million for Corporates
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals ...
BREAKING: CBN announces New Withdrawal Policies, Pegs ATM Withdrawals Limit at N20,000 daily, N100,000 weekly
The Central Bank of Nigeria has issued a directive to commercial banks and financial institutions limiting daily ATM withdrawals to ...
