Tag: CBN
Central Bank of Nigeria revises withdrawal policy, removes special cash limits effective January 2026
The Central Bank of Nigeria (CBN) has revised its cash withdrawal policy, ending the special authorisation that previously…
CBN launches compliance unit to tackle financial risks
The Central Bank of Nigeria (CBN) has unveiled a dedicated Compliance Department, a move that underscores its determination…
CBN blames Governors for delays in N85bn health centre project
The Central Bank of Nigeria (CBN) has attributed delays in completing its ambitious N85 billion primary healthcare project…
CBN reports higher loan defaults among big firms in Q1 2025
The Central Bank of Nigeria (CBN) has raised concerns over increasing loan defaults among Large Private Non-Financial Corporations…
Cardoso: CBN advancing in FX market stability and inflation control
For the first time, a Harvard Africa Trek delegation has visited the Central Bank of Nigeria (CBN). The…
SERAP, BudgIT in court to stop Tinubu’s govt, CBN from imposing cybersecurity levy on Nigerians
Socio-Economic Rights and Accountability Project (SERAP), BudgIT and 136 concerned Nigerians have filed a lawsuit against the Central…
CBN Stops Opay, Moniepoint, Others From Onboarding New Customers
In a recent development, the Central Bank of Nigeria (CBN) has taken decisive action by prohibiting mobile money…
USAfrica: Nigeria’s North and its misplaced, infantile anger. By Suyi Ayodele
Special to USAfrica magazine (Houston) and USAfricaonline.com, the first Africa-owned, US-based newspaper published on the Internet. Suyi Ayodele,…
CBN dissolves boards of three banks over regulatory non-compliance
**Title: Central Bank of Nigeria Dissolves Boards and Management of Union Bank, Keystone Bank, and Polaris Bank** The…
Nigeria: Court orders compensation for former Central Bank governor
In a recent legal development, the High Court of the Federal Capital Territory (FCT) in Abuja has ruled…
CBN suspends fees on large cash deposits
The Central Bank of Nigeria has recently issued a new directive to instruct all banks, financial institutions, and…
CBN raises cargo clearance exchange rate to N952/$
The Central Bank of Nigeria has elevated the exchange rate for cargo clearance from N783/$ to N952/$. This…