CBN

3 Minutes

Politics

Osun PDP, APC React To CBN’s Rejection Request Over Councils Bank Account

VAM News April 15, 2025

News Update THE Osun chapter of the Peoples Democratic Party, PDP, has berated the purpoted reinstated chairmen and councillors of the All Progressives Congress,APC, after the recent Central Bank of Nigeria, CBN, leaked letter....

1 Minute

Extra

Nigeria posts $6.83bn Balance of Payments surplus in 2024 — CBN reports

Akanji Philip April 10, 2025

The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 and...

4 Minutes

VIEWPOINT

Did The CBN Introduce New N5,000 And N10,000 Banknotes?

VAM News April 4, 2025

An Examination Of Argentina, Iran, Turkey, And Zimbabwe’s Experiences With Hyperinflation And Their Shift To Dollarization – By Abioye Tosin Lawrence There’s a rumour making around the social media that the Central BANK of...

1 Minute

Business National

Has CBN introduced N5,000 And N10,000 notes featuring Chief Obafemi Awolowo, Azikwe’s image?

VAM News April 3, 2025

News Update The Central Bank of Nigeria (CBN) on Wednesday, April 2, 2025 has debunked a fake circular introducing new N5,000 and N10,000 notes effective May 1, 2025, Voice Air Media reported. In the...

2 Minutes

National

Reps to CBN: Suspend ATM Fee Hike to Ease Nigerians’ Financial Burden

Akanji Philip March 11, 2025

The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the increase in automated teller machines (ATMs) transaction fees. The resolution was passed during plenary on Tuesday sequel to...

1 Minute

Business National

CBN Jerks Up ATM Transaction Fees

VAM News February 11, 2025

News Update THE Central Bank of Nigeria (CBN) has announced changes to ATM transaction fees, set to begin on March 1st, 2025. The adjustment comes as part of efforts to manage rising operational costs...

2 Minutes

Business

BREAKING: CBN unveils digital systems to boost govt efficiency

Akanji Philip January 16, 2025 0 Comment

The Central Bank of Nigeria has unveiled two digital innovations—the Document Flow System and the Ministries, Departments, and Agencies Naira Payment Solution—at an event held on Wednesday, January 15, 2025, at its headquarters in...

1 Minute

Business National

Nigerian Govt fines 9 banks over scarcity of cash in ATMs

VAM News January 15, 2025 0 Comment

News Update THE Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure cash availability via automated teller machines, ATMs, during the festive season. The...

2 Minutes

National

CBN Set Daily Withdrawal Limit On POS For Customers

VAM News December 18, 2024 0 Comment

News Update THE Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. In a circular to all deposit money banks (DMBs), microfinance Banks, mobile...

1 Minute

National

Central Bank of Nigeria speaks on retiring 1000 workers

VAM News December 5, 2024 0 Comment

News Update THE Central Bank of Nigeria (CBN) has addressed concerns over its Early Exit Package (EEP), clarifying that it is a voluntary program and not a forced mass retirement. The CBN revealed that...