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CBN latest news - Page 6

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

CBN Suspends Processing Fees On Large Cash Deposits In Banks

The Central Bank of Nigeria (CBN) has suspended the processing fees on cash deposits above N500,000 until April 2024. This was announced in a circular issued on Monday by the CBN acting director of banking supervision, Adetona Adedeji. The apex bank had

December 11, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Finance & Economy·News

Nigerian Govt Records N1.54tn Fiscal Deficit Amid Revenue Boost

In a financial disclosure from the Central Bank of Nigeria (CBN), the Federal Government faced an N1.54 trillion fiscal deficit during July and August 2023, despite a surge in revenue streams. The CBN’s monthly economic report for August shed light on this,

December 11, 2023

Nigeria Blocks $802 million Revenue Belonging To Foreign Airlines

Business·Currency·Transport

‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

It has emerged that over $792 million belonging to foreign airlines are currently trapped in Nigeria leaving them without dollar bills for their business, a development that is currently hampering their operations globally and making them consider quitting the country’s airspace altogether.

December 11, 2023

Naira Depreciation Spurs Export Surge To N35trn

Business·Currency

Here’s How You Can Identify Fake Naira Notes CBN Warned About

Against the backcloth of the credible alarm raised by the Central Bank of Nigeria (CBN) over the circulation of fake naira notes, particularly the higher denominations in parts of the country, the following are means through which such counterfeit currency notes can

December 10, 2023

News·Politics

2024 Budget: Lawmakers Demand CBN, Customs Chiefs’ Appear For Review, Reject Representatives

The House of Representatives Committee on Appropriation took a stance on Friday, insisting that the Central Bank of Nigeria’s Governor and the Comptroller General of Customs must personally appear for the 2024 budget review on Monday reject representatives. Chairman of the Committee,

December 9, 2023

Business·Currency·News

CBN Warns Over Surge In Fake Naira; Urges Vigilance Amidst Growing Concerns

In response to the escalating circulation of forged higher denomination banknotes within various commercial hubs across Nigeria, the Central Bank of Nigeria (CBN) has issued a warning on the surge in fake naira notes, emphasizing severe penalties for counterfeiting currency. Expressing deep

December 8, 2023

Business·News

Why Banks Will Disconnect Non-deposit Financial Institutions From Transfer List

In a directive from the Nigeria Inter-Bank Settlement System (NIBSS), United Bank of Africa (UBA), First Bank, and others across the country have been mandated to disconnect various non-deposit-taking financial entities from their NIP (Nigeria Inter-Bank Settlement System Instant Payment) Outwards System.

December 7, 2023

Banks Struggle With New Naira Notes On ATMs

Business·Currency

Cash Scarcity Is Human Rights Abuse, May Spark Revolution In Nigeria – CBN Warned

The Human Rights Writers Association of Nigeria (HURIWA) on Tuesday accused the Central Bank of Nigeria (CBN) of serial human rights violations through its deliberate and systemic failure to ensure the supply to deposit banks of adequate volumes of Naira notes to

December 5, 2023

Nigerian Naira Vs U.S. Dollar: What To Expect This Week (17th-22nd, March 2025)

Business·Currency·News

CBN’s Initiative Sparks Naira Surge To N837/$1, Boosts Market Confidence

The Nigerian naira on Monday, December 4th, 2023, experienced a surge in value, closing at N837/$1 in the official market.

December 5, 2023

Finance & Economy·News

Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

Few hours after the judgment of the Supreme Court on the issue, the Central Bank of Nigeria (CBN) has directed banks in the country to issue and accept the old N200, N500, and N1000 notes alongside the redesigned versions of the banknotes

November 29, 2023

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CBN latest news - Page 6

CBN Suspends Processing Fees On Large Cash Deposits In Banks

Nigerian Govt Records N1.54tn Fiscal Deficit Amid Revenue Boost

‘Foreign Airlines May Exit Nigeria’s Airspace’ – IATA Ranks Nigeria Country With Highest Trapped Funds

Here’s How You Can Identify Fake Naira Notes CBN Warned About

2024 Budget: Lawmakers Demand CBN, Customs Chiefs’ Appear For Review, Reject Representatives

CBN Warns Over Surge In Fake Naira; Urges Vigilance Amidst Growing Concerns

Why Banks Will Disconnect Non-deposit Financial Institutions From Transfer List

Cash Scarcity Is Human Rights Abuse, May Spark Revolution In Nigeria – CBN Warned

CBN’s Initiative Sparks Naira Surge To N837/$1, Boosts Market Confidence

Supreme Court Judgment: CBN Notifies Banks To ‘Accept Old, New Naira Notes’

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