Nigerians are Hoarding N2.7 Trillion outside the banking system – CBN Governor laments (VIDEO)
Perhaps, the main reason the Nigeria government is redesigning some denominations of the country's naira notes is to mop up ...
Thursday, December 1, 2022
Tag: CBN News
CBN Restrict Foreign Banks from commercial or trading activity
The Central Bank of Nigeria (CBN) have announced the restriction of foreign banks operating in Nigeria from any major banking ...
Nigerian Banks rake in N79.6 billion as account maintenance fees from customers in 6 months
Despite widespread concerns over the continuous charge of account maintenance fees from the bank accounts of customers, naijabusiness.com.ng can authoritatively ...
CBN Directs Nigerian Banks and PSPs to Process Bulk Payments and Transfers
The Central Bank of Nigeria (CBN) has directed Commercial Banks and Payment Service Providers (PSPs) in the country to henceforth ...
Why CBN suspended the account of Bamboo, RiseVest and other fintech companies
Social media has been buzzing following the recent move by the Central Bank of Nigeria to freeze the accounts of ...
Central Bank of Nigeria to Launch Digital currency by the end of 2021
The Central Bank of Nigeria (CBN) has revealed that its digital currency might be launched by the end of 2021. ...
Uncertainty Over Official Foreign Exchange Rate As CBN Removes N379/$1 From Website
Nigerians have been kept in the dark over what the official foreign exchange rate is today, as the apex financial ...
CBN Unveils First Maize Pyramids, Flags-Off 2021 Maize Wet Season Farming
The Central Bank of Nigeria has unveiled its first maize pyramids and flagged off the 2021 maize wet season farming ...
CBN Boosts Liquidity in The FX Markets With $1.47 Billion
The Central Bank of Nigeria (CBN) has injected the sum of $1.47 billion into the Nigerian Foreign Exchange market in ...
CBN Flays Banks/FX Dealers for Rejecting Old and Lower US Dollar Notes
The Central Bank of Nigeria has warned Deposit Money Banks (DMBS) and Forex Dealers to desist from the act of ...
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