The Central Bank of Nigeria CBN has said that the country will be faced with dearth of paper currency soon. This as the apex bank intensifies effort in the area of digital…
Tag: CBN
Just In: CBN grants final PSB approval to MTN
The Central Bank of Nigeria has granted MTN Nigeria Communications Plc final approval to operate its Payment Service Bank. This is coming six months after the apex bank granted approval in…
CBN penalizes 3 banks N800m over crypto transactions
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to…
CBN asked to Enforce use of Nigerian coins
The house of representatives has asked the Central Bank of Nigeria (CBN) to enforce the use of coins as a legal tender. The legislators said the use of coins will tackle price…
Minimum transactions: CBN introduces cash collection centres for withdrawals, deposits
The Central Bank of Nigeria (CBN) has introduced cash collection centres called Bank Neutral Cash Hubs (BNCH), to be established by registered processing companies or deposit money banks (DMBs) based on business…
75,600 N-power Beneficiaries get Loan
The Federal Government in collaboration with the Central Bank of Nigeria (CBN), has concluded plans to give financial empowerment to 75,600 batches A and B beneficiaries of N-Power programme. The Minister of…
CBN Has Revamped Agriculture To Cope With Rising Food Prices – Says Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the apex bank has revamped agriculture to cope with the rising food prices and reduce unemployment. This was made…
Here’s how to report your bank when displeased – CBN reveals
Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it. The financial institutions…
Nigeria: CBN Pushes To Crash Prices Of Building Materials
In an apparent move to ensure affordable housing in Nigeria, the Central Bank of Nigeria (CBN), has pledged to support the manufacturing sector in order to crash the prices of building materials….
CBN Minimizes ATM Charges, Inter-bank Transfer Fees
ATM withdrawal charges and inter-bank transfer fees have been reduced by The Central Bank of Nigeria (CBN). This was announced after the Central Bank of Nigeria (CBN) issued a downward…