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CBN latest news - Page 28

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Naira Falls In Official Window, Dollar Rate Declines In Black Market

The official market recorded another decline in the value of the naira, as the dollar rate went up by 0.23 per cent at the end of trading on December 21, 2022. According to trading data obtained from FMDQ Securities, the exchange rate

December 22, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Currency

Updated: CBN Increases Cash Withdrawal Limit For Businesses, Individuals, Warns Banks

The maximum weekly cash withdrawal for businesses and individuals across all channels has been increased by the Central Bank of Nigeria (CBN). CBN revised the previous cash withdrawal policy, instructing commercial banks and other financial institutions that corporate organisations limit has been

December 21, 2022

CURRENCY SWAP DEADLINE: N100trn National Output At Risk - CPPE

Business·Currency·Insights

4 Features To Help You Identify New Naira Notes

Amid circulation of fake N1,000 notes, the Central Bank of Nigeria (CBN) has released security features of the new naira notes that will help Nigerians isolate fake notes from the newly redesigned currency. A trending video had shown replication of the redesigned

December 21, 2022

Business·Top Stories

Cash Withdrawal Policy Controversy: Lawmaker Lashes Out At CBN’s Godwin Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been criticised by a member of the House of Representatives, Yusuf Gagdi, for failing to honour the lawmakers’ summons. Gagdi in his submission at the lower chamber on Tuesday said Emefiele

December 21, 2022

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency·Diaspora·News

Diaspora Remittances: CBN Threatens To Withdraw Banks’ Forex Licences

Nigerian banks risk losing their foreign exchange dealership licences for violating directive of the Central Bank of Nigeria (CBN) on diaspora remittances. In a circular to banks dated December 14, 2022, the central bank said it had been notified that the banks

December 20, 2022

Business

Court Asks DSS To Obtain Buhari’s Approval To Arrest CBN’s Godwin Emefiele

A federal high court sitting in Abuja has directed the Department of State Services (DSS) to obtain approval from President Muhammadu Buhari to arrest the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The secret police had filed an ex

December 20, 2022

Call CBN to arrest POS agents selling naira notes

Business

POS Operators To Take Over Streets To Protest CBN’s Cash Withdrawal Limits

The Association of Mobile Money and Bank Agents (AMMBAN) has given the Central Bank of Nigeria (CBN) until the end of 2022 to reverse its the cash withdrawal limits. Point of Sales operators under the umbrella of AMMBAN plan to stage public

December 19, 2022

Reps Investigate Cash Crunch As Economic Hardship Worsens

Business

Senate Speaks Against CBN’s Cash Withdrawal Policy, Sets Acceptable Limit

The Senate has told the Central Bank of Nigeria (CBN) to increase the cash withdrawal threshold it announced last week, as the instructed limit will affect Nigerians. According to some members of the upper chamber, Senator Surajudeen Basiru and Senator Orji Kalu,

December 14, 2022

Senate Pres. Lawan, Denies Sweeping Findings On CBN’s Cash Withdrawal Policy Under Carpet

Business·Top Stories

Senate President Lawan Denies Sweeping Findings On CBN’s Cash Withdrawal Policy Under The Carpet

The Senate President, Ahmed Lawan, has denied claim that he’s trying to sweep the inquiry into the cash withdrawal policy of the Central Bank of Nigeria (CBN) under the carpet. Fellow lawmaker and party member, Adamu Bulkachuwa, representing Bauchi North, had countered

December 14, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Black Market Increases Dollar Rate Amid Probe Of CBN’s Cash Withdrawal Policy

The FMDQ Securities Exchange has revealed that the dollar rate in the Investors and Exporters (I&E) window of the official market rose 0.09 per cent. Prime Business Africa gathered from FMDQ Securities foreign exchange data that the rise represents N0.38 kobo, as

December 14, 2022

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CBN latest news - Page 28

Naira Falls In Official Window, Dollar Rate Declines In Black Market

Updated: CBN Increases Cash Withdrawal Limit For Businesses, Individuals, Warns Banks

4 Features To Help You Identify New Naira Notes

Cash Withdrawal Policy Controversy: Lawmaker Lashes Out At CBN’s Godwin Emefiele

Diaspora Remittances: CBN Threatens To Withdraw Banks’ Forex Licences

Court Asks DSS To Obtain Buhari’s Approval To Arrest CBN’s Godwin Emefiele

POS Operators To Take Over Streets To Protest CBN’s Cash Withdrawal Limits

Senate Speaks Against CBN’s Cash Withdrawal Policy, Sets Acceptable Limit

Senate President Lawan Denies Sweeping Findings On CBN’s Cash Withdrawal Policy Under The Carpet

Black Market Increases Dollar Rate Amid Probe Of CBN’s Cash Withdrawal Policy

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CBN latest news - Page 28

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