CBN

Banking and Finance

CBN revokes Union Homes, Aso Savings lincences, cites capitalisation concerns

THE Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union...
Harrison EDEH -
Business and Economy

CBN licenses 82 BDCs, warns against patronising unlicensed operators

THE Central Bank of Nigeria (CBN) has granted final licenses to 82 Bureaux De Change (BDCs) to operate with...
Harrison EDEH -
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Business and Economy

CAC sets January 2026 deadline, moves against unregistered PoS agents

THE Corporate Affairs Commission (CAC) has issued a directive to Point-of-Sale (PoS) operators nationwide as it launches a sweeping...
Nurudeen AKEWUSHOLA -
Banking and Finance

CBN scraps deposit limits, increases weekly withdrawal threshold

THE Central Bank of Nigeria (CBN) has announced key adjustments to its cash-handling regulations, abolishing the ceiling on cash...
Harrison EDEH -
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Business and Economy

Lending costs for businesses unchanged as CBN retains interest rate at 27%

THE cost of funds for businesses remains unchanged as the Monetary Policy Committee (MPC) of the Central Bank of...
Harrison EDEH -
Business and Economy

CBN caps PoS agents’ daily transactions at ₦1.2m, insists on geo-tagging of operators

THE Central Bank of Nigeria (CBN) has capped daily cash-out transactions for Point of Sale (POS) agents at N1.2...
Mustapha USMAN -
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