CBN Archives - The Pin Point News

CBN Begins Profiling of LG Account Signatories for Autonomy Implementation

EditorFeb 20, 2025February 20, 20250

The Central Bank of Nigeria (CBN) has commenced the profiling of chairmen and signatories to bank accounts of the 774 local government areas (LGAs) across

CBN Maintains N100 ATM Withdrawal Charge for Transactions Below N20,000

EditorFeb 14, 2025February 14, 20250

The Central Bank of Nigeria (CBN) has confirmed that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine (ATM) will continue to pay

CBN Introduces New ATM Withdrawal Charges, Ends Free Transactions On Other Banks’ Machines

EditorFeb 12, 2025February 12, 20250

The Central Bank of Nigeria (CBN) has announced new charges for ATM withdrawals, ending the monthly three-free-withdrawal policy for customers using other banks’ machines. In

CBN Introduces Nigeria FX Code as Naira Gains at Black Market

EditorJan 28, 2025January 28, 20250

The Central Bank of Nigeria (CBN) on Monday unveiled the Nigeria Foreign Exchange (FX) Code to enhance the integrity and functioning of the country’s foreign

AUTONOMY: LGs Set to Open Accounts with CBN for Direct Allocations

EditorJan 19, 2025January 19, 20250

Local governments across Nigeria have begun the process of opening accounts with the Central Bank of Nigeria (CBN) in preparation for receiving direct federal allocations,

FULL LIST: CBN fines 9 banks N150m each for ATM cash scarcity

EditorJan 14, 2025January 14, 20250

The Central Bank of Nigeria (CBN) has imposed a cumulative fine of N1.35 billion on nine Deposit Money Banks for failing to provide adequate cash

CBN Imposes ₦150 Million Fine on Banks Over Illegal Flow of Mint Naira Notes

EditorDec 14, 2024December 14, 20240

The Central Bank of Nigeria (CBN) has announced a fine of ₦150 million on Deposit Money Banks (DMBs) found guilty of facilitating the illegal flow

CBN To Retire 1,000, Offers N50bn Payoff

EditorDec 2, 2024December 2, 20240

The Central Bank of Nigeria (CBN) is set to retire approximately 1,000 employees before the end of the year in a move described as a

‘Don’t Japa’ – CBN Governor Pleads With Nigerians

EditorDec 1, 2024December 1, 20240

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has appealed to Nigerians, particularly the youth, to resist the urge to emigrate, assuring

Current Banknotes Remain Valid Beyond December 31st — CBN

EditorOct 25, 2024October 25, 20240

The Central Bank of Nigeria (CBN) has confirmed that the N200, N500, and N1,000 banknotes will remain valid beyond December 31, 2024. The CBN emphasized