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The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions that impose limitations on customers wishing to withdraw up to N20,000 per transaction at Automated Teller Machines (ATMs), even when they

The Central Bank of Nigeria (CBN) has announced an increase in the fees associated with Automated Teller Machine (ATM) withdrawals, effective March 1. In a circular issued by John Onojah, the Acting Director of the

The Monetary Policy Committee of the Central Bank of Nigeria has resolved to increase the benchmark interest rate, also referred to as the monetary policy rate (MPR), to 27.25 percent. The monetary policy rate serves

The Central Bank of Nigeria (CBN) has reduced the cybersecurity levy on electronic transactions from the previously contested rate of 0.5% to a new rate of 0.005% as part of its fiscal guidelines for the

The Central Bank of Nigeria (CBN), which had prohibited banks from operating accounts for crypto-currency service providers and users for almost three years, has now lifted the prohibition while keeping restrictions on financial institutions’ ability

The official market in Nigeria experienced a notable decline on Tuesday due to the unprecedented depreciation of the naira in relation to the US dollar. The problem was made worse by thin trading conditions, which

The Central Bank of Nigeria has halted the processing fees on large cash deposits, according to a statement released on Monday by Dr. Adetona Adedeji, Acting Director of Supervision. The new development relates to deposits

The head of the apex bank stated that licenses will be reevaluated and that organizations operating over the scope of their licenses may face penalties. As previously stated, the CBN would be addressing fundamental weaknesses

According to the 2015 Circular TED/FEM/FPC/GEN/01/010 and its subsequent addenda, the Central Bank of Nigeria (CBN) has lifted import restrictions on all 43 items that were previously subject to them. These goods can now be

The Central Bank of Nigeria’s (CBN) has postponed its 293rd Monetary Policy Committee (MPC) meeting, which had been planned for September 25 and 26 respectively. The apex bank apologized for any inconvenience the change may