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latest CBN News

CBN Warns Nigerians Against Engaging Fraudsters For Fake Contracts, Grants, Loans

The Central Bank of Nigeria (CBN) has warned Nigerians against falling victim to fraudsters who publicise fake offers of contracts, loans, grants, and other financial benefits purportedly endorsed by the apex bank. The CBN distanced itself from such “fictitious offers” and warned

May 13, 2025

News

Diaspora Group Protests Against Alleged Marginalisation Of South-East In CBN Directorship Appointment

The umbrella body of South-East Socio-cultural Associations in the diaspora has decried the alleged marginalisation of the South-East region in the appointment of directors at the Central Bank of Nigeria (CBN). The group, which is a coalition of South-East socio-cultural associations in

April 7, 2025

Business

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks

The Central Bank of Nigeria (CBN), has imposed fines totalling on N1.350 billion on nine Deposit Money Banks (DMBs) over failure to dispense cash through their Automated Teller Machines (ATMs) during the 2024 Christmas season. The affected include banks Keystone Bank, Globus

January 14, 2025

Business

CBN Imposes N1.2m Daily Cash Transaction Limit On PoS Agents

In its quest to deepen implementation of cashless policy, the Central Bank of Nigeria (CBN) has set a daily transaction limit of N1.2 million for Point of Sales (PoS) agents across the country. The apex bank stated this in a circular released

December 18, 2024

Business·Currency·News

Cash Scarcity: Old ₦1000, ₦500, ₦200 Notes Still Valid – CBN

The Central Bank of Nigeria (CBN) has reassured that the old ₦1,000, ₦500 and ₦200 naira banknotes currently in circulation are still valid as legal tender across the country. The CBN in a statement by acting Director, Corporate Communications, Sidi Hakama Ali,

December 14, 2024

Business·News

Reps Move To Probe CBN’s Planned Retirement Of 1000 Workers, N50bn Pay off

Nigeria’s House of Representatives has decided to probe planned retirement of not less than 1000 staff members by the Central Bank of Nigeria (CBN) before the end of the year. The Green chamber of the National Assembly also resolved to investigate the

December 4, 2024

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

Finance & Economy

CBN Increases Interest Rate For Deposits By Commercial Banks To 26.5% From 19%

The Central Bank of Nigeria (CBN) has raised the interest rate on the Standing Deposit Facility (SDF) from 19% to 26.5%. This was announced in a circular released on Friday, 29th November 2024, signed by CBN’s Director, Financial Market Department, Dr Omolara

November 30, 2024

Business

Cash Scarcity: CBN, Banks, PoS Operators Trade Blame

The Central Bank of Nigeria (CBN), bank managers, and point of sale (POS) operators have continued to banter blame as the cash crunch continues to grow. With what happened in Nigeria during the naira redesign exercise of late 2022, before the general

November 27, 2024

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Finance & Economy

Inflation: CBN Raises Interest Rate To 27.5%

In response to the resurgence of inflationary pressure on Nigeria’s economy, the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), has again raised the Monetary Policy Rate (MPR), also known as the benchmark interest rate. The CBN’s MPC resolved at the

November 27, 2024

How Nigeria's FX Reserves Dropped By $1.3bn– Report

Business·News

Depositors’ Funds Safe, CBN Assures

The Central Bank of Nigeria (CBN) has reassured that it is fully committed to ensuring the stability and reliability of the Nigerian financial system. The CBN in a statement released Tuesday, 8th October, signed by its Acting Director, Corporate, Communications, Hakama Sidi

October 8, 2024

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latest CBN News

CBN Warns Nigerians Against Engaging Fraudsters For Fake Contracts, Grants, Loans

Diaspora Group Protests Against Alleged Marginalisation Of South-East In CBN Directorship Appointment

NO Cash In ATMs: CBN Slams N1.35bn On 9 Banks

CBN Imposes N1.2m Daily Cash Transaction Limit On PoS Agents

Cash Scarcity: Old ₦1000, ₦500, ₦200 Notes Still Valid – CBN

Reps Move To Probe CBN’s Planned Retirement Of 1000 Workers, N50bn Pay off

CBN Increases Interest Rate For Deposits By Commercial Banks To 26.5% From 19%

Cash Scarcity: CBN, Banks, PoS Operators Trade Blame

Inflation: CBN Raises Interest Rate To 27.5%

Depositors’ Funds Safe, CBN Assures

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