CBN Begins Profiling of LG Account Signatories for Autonomy Implementation
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...
Tag : CBN
CBN Maintains N100 ATM Withdrawal Charge for Transactions Below N20,000
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
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
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
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
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
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
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
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
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...