CBN

CBN blames cash scarcity on N4.3trillion outside banks’ vaults

NIGERIA could face further cash-scarcity as the Central Bank of Nigeria (CBN) has warned that rise in cash held...

CBN to fine banks issuing new notes to hawkers

THE Central Bank of Nigeria (CBN) said it will impose a N150 million fine per branch on deposit money...
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Using naira to buy naira: CBN silent over cash scarcity as PoS, retail stores increase charges

THE Central Bank of Nigeria (CBN) has been largely silent over the cash scarcity that has hit businesses in...

CBN sets December 1 deadline for banks on ATM delays

THE Central Bank of Nigeria (CBN) announced on Friday, November 29, that starting December 1, customers facing challenges withdrawing...
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CBN fixes $100,000 minimum trade for banks on forex platform

THE Central Bank of Nigeria (CBN) has set a minimum trade value of $100,000 for interbank foreign exchange trading...

Auditor General’s report uncovers over N197 billion contract fraud in CBN, REA, NBET, others

OFFICE of Nigeria’s Auditor-General of the Federation (OAGF) has revealed violation of procurement laws and uncovered contract fraud amounting...
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