Nigerians are set to experience a major shift in ATM transaction costs as the Central Bank of Nigeria (CBN) rolls out new withdrawal charges. Gone are the days when...
Beginning from March 1, 2025, Nigerian bank customers will pay higher charges on cash withdrawals at ATMs of banks/financial institutions other than the ones where they hold accounts. The...
The Central Bank of Nigeria (CBN) has introduced new regulations for Bureau de Change (BDC) operators, limiting them to purchasing a maximum of $25,000 weekly from a single authorised...
As we navigate the complex and evolving economic landscape, the Central Bank of Nigeria’s commitment to improving communication, fostering dialogue, and collaborating on critical issues shaping monetary policy is...
The Central Bank of Nigeria (CBN) on Wednesday said it has approved the release of the Nigerian Foreign Exchange Code (FX Code), a guideline aimed at regulating the conduct...
In 2024, the Central Bank of Nigeria (CBN) experienced a pivotal transformation under the innovative leadership of Governor Yemi Cardoso. Faced with a myriad of economic challenges that have...
The Central Bank of Nigeria (CBN) has wielded the big stick against nine Deposit Money Banks (DMBs) for failing to make cash available to customers via Automated Teller Machines...
Guaranty Trust Holding Co. (GTCO), Nigeria’s largest bank by market value, has successfully raised ₦209 billion ($136 million) through local share sales, completing the first phase of its equity...
The gross receipts into Nigeria’s federation account rose by 7.48 per cent in the third quarter of 2024, the Central Bank of Nigeria (CBN) has revealed. According to the...
The Central Bank of Nigeria (CBN) is set to inaugurate an externally hosted whistleblowing platform in 2025. The platform, which goes live on January 1, is a significant step...