CBN

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...

1 Minute

Local News

CBN Hikes Interest Rate, Cites Inflation

VAM News November 26, 2024 0 Comment

News Update THE Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per cent as part of efforts to combating surging inflation. This followed the...

1 Minute

National

CBN Speaks On Deadline Of Old Naira Notes

VAM News October 25, 2024 0 Comment

News Update THE Central Bank of Nigeria (CBN) has reassured the public that there is no set deadline for the use of old Naira notes. The assurance was contained in a statement issued by...

3 Minutes

Local News

List: CBN Sanctions 10 Nigerian Banks, Here’s Why

VAM News October 19, 2024 0 Comment

News Update Regulatory agencies responsible for overseeing the activities of Deposit Money Banks in Nigeria have sanctioned 10 banks for violations of foreign exchange guidelines and other regulatory offences. These agencies, including the Central...

0 Minutes

Business

CBN Increases Interest Rate

VAM News September 24, 2024 0 Comment

Voice Air Media, News Update THE monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 26.75 percent to 27.25 percent....

2 Minutes

National

CBN governor, deputies acquire N10bn SUVs, jerk up allowances – Report

VAM News August 30, 2024 0 Comment

Voice Air Media, News Update As the nation groans under hunger, hardship and inflation, the governor of the Central Bank, CBN, Yemi Cardoso, and his four deputies are lavishing in abundance, purchasing ulta-modern armored...

1 Minute

Business

CBN approves bailout for merger of Two Banks To One – Details

VAM News August 6, 2024 0 Comment

Voice Air Media, News Update THE Central Bank of Nigeria, CBN, has approved a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. Hakama Sidi Ali, CBN’s...

5 Minutes

Business

CBN: Nigeria Records $24bn FX Inflow Q1 2024

Akanji Philip June 26, 2024 0 Comment

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the country recorded a total foreign exchange inflow of about $24bn in the first quarter of 2024. Cardoso made this...

8 Minutes

Business

Cardoso: CBN will implement bold reforms that make economy works

Akanji Philip June 7, 2024 0 Comment

Governor, Central Bank of Nigeria, CBN, Mr. Olawale Cardoso said the apex bank will continue to implement bold reforms that makes the economy works for everyone. He spoke at the 2024 Annual Vanguard...