Tag: Central Bank of Nigeria
Banks’ 19.7 Million Dormant Accounts Now To Be Probed By CBN
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank...
Stamp Duty: Court Fixes March 27 For Hearing Of AGF, CBN,...
The Court of Appeal, sitting in Abuja, has fixed 27 March, 2025 for the hearing of an appeal, as regards Stamp Duty, filed by...
FX Market Access For BDCs Extended By CBN To May 2025
The Central Bank of Nigeria (CBN) has extended the temporary window that allows Bureau de Change (BDC) operators to purchase foreign exchange (FX) from...
We Expect Diaspora Remittances To Hit ₦31.787tr – CBN
The Central Bank of Nigeria (CBN) has projected that diaspora remittances are expected to rise to ₦31.7871 trillion when fourth-quarter 2024 figures are released.
The...
CBN Boss Reveals How Outstanding $7bn FX Was Cleared By Tinubu’s...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that the President Bola Tinubu-led Federal Government has cleared the outstanding $7bn foreign exchange...
Union Bank Announces Commencement Of PoS Withdrawal Limit
Foremost financial institution, Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals.
The implementation followed a directive by the...
CBN Reveals How Nigeria’s Current Account Surplus Hit $6b
Nigeria recorded a $6 billion current account surplus in the first half of 2024 as impact of several economic reforms begin to pay off,...
World Bank To CBN: It’s Imperative For You To Sustain Inflation...
The World Bank Group has said that the Central Bank of Nigeria must stay the course in its attempt to tackle inflation.
This was revealed...
CBN Pushes For Businesses To Embrace Export To Shore-Up Naira
The Central Bank of Nigeria has advised businesses to embrace exporting activities in a bid to harness value from the weak state of the...
ATM Cash Hoarding: CBN Fines Nine Banks ₦1.35bn
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure adequate availability...
