Desist from hoarding cash or face sanctions, CBN warns DMBs, POS operators
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sale (PoS) operators to stop disrupting the seamless distribution...
CBN limits daily contactless payment to N50,000
The Central Bank of Nigeria (CBN) has limited the daily cumulative and single contactless payments, made through bank accounts or digital wallets to ₦50,000...
World Bank grants additional $700m loan to Nigeria
The World Bank has granted additional $700m loan to Nigeria to enhance adolescent girl’s education, the bank announced on Friday.
This is the third loan...
Why Tinubu appointed new management team for CBN- Aide
Sen. Abdullahi Gumel, the Senior Special Assistant to the President on National Assembly Matters (Senate), says the appointment of a new management team for...
Naira notes: Osun residents, traders appeal for extension of Jan. 31 deadline
Residents and traders in Osogbo, Osun capital, have appealed to the Central Bank of Nigeria (CBN) for extension of the time in which the...
Emefiele updates Buhari on availability of new Naira notes, others
The Governor of the Central Bank of Nigeria (CBN) on Thursday in Abuja updated President Muhammadu Buhari on the activities of the bank.
The CBN...
AfDB says, African faces annual GDP shortfall of $127.2bn by 2030
African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by 2030.
It stated on Friday...
CSR: Access Bank donates equipment to health centre in Nasarawa State
As part of its Corporate Social Responsibility (CSR), the Access Bank Retail Operations Group has donated hospital equipment to the Primary Health Care Centre...
CBN reduces number of Bureau de Change to 2,991
The Central Bank of Nigeria (CBN) has reduced the number of Bureau de Change dealers in the country to 2,991.
The apex bank on Monday...
AfDB ready to disburse $618m to Nigeria for digital and creative enterprises
African Development Bank (AfDB) has finalised arrangements to disburse 618 million dollars to Nigeria under the Investment in Digital and Creative Enterprise (i-DICE) programme.
AfDB’s...
