Tag: CBN
$23bn net foreign exchange reserves ‘ll stablise exchange rate- Uwaleke
The CBN recently revealed that the NFER stood at 23.11 billion dollars at the end of 2024, their highest level…
CBN: Nigeria’s net reserve increased to $23bn in 2024
While revealing this in a statement on Tuesday, the CBN said the $23.11 billion NER was the highest level in…
NGX, CBN empower students with financial skills
This initiative formed part of the 2025 Global Money Week celebration, aimed at promoting financial awareness among young people globally.
Restructuring: CBN appoints 16 new directors
The appointment of directors to head key departments came following internal advertisement published in September 2024 to fill strategic departments…
Customers groan as banks begin implementation new ATM fees
"Off-site ATMs: A charge of N100 plus a surcharge of not more than N500 per N20,000 withdrawal."
CBN frustrating our probe of use of N30 trillion Ways and Means – Senate
The N30 trillion Ways and Means facility was allegedly granted to the federal government between 2015 and 2023. The Committee…
How CBN’s interventions stabilised FX market, Naira – Expert
Oyalowo said the interventions have helped to stabilise the Foreign Exchange (FX) market and the naira, in a statement he…
CBN dragged to court over ATM fee hike
AN ORDER restraining the Defendant, including its agents, assigns, privies and or representatives or such other persons acting on its…
MPC meeting: CBN retains all monetary policy parameters
The committee also voted to retain the Cash Reserve Ratio (CRR) at 50 per cent for Deposit Money Banks and…
CBN given 48 hours to withdraw ATM transaction fees’ hike
"If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and…
CBN vows to crack down on banks imposing withdrawal limits below N20,000 per transaction
“Any bank that compels a customer with sufficient funds in her account to withdraw less than N20,000 per transaction against…
CBN slaps Nigerians with higher ATM charges, scraps free withdrawals
However, customers withdrawing from ATMs located at bank branches will now be charged ₦100 per ₦20,000 withdrawn.
CBN introduces new FX sales to BDCs
The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange
Olayemi Cardoso: The Governor they call the Headmaster
To ensure the proper functioning of domestic and foreign currency markets, clear, transparent, and harmonised rules governing market operations are…
CBN approves listing of CFA on NXP forms for export repatriation proceed
Mrs Nonye Ayeni, Executive Director of the NEPC, disclosed this while addressing newsmen on the Non-Oil Export Performance for the…