News Update THE Central Bank of Nigeria has released fresh cash withdrawal rules that will take effect in January 2026. The move ends the special approval that once allowed individuals to take…
Tag: CBN
CBN Holds Interest Rate at 27%
News Update THE Central Bank of Nigeria has, for the fourth consecutive time this year, held its benchmark interest rate steady at 27 per cent. The decision was announced by the CBN…
CBN reduces interest rate for first time in 2025
News Update THE Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s interest rate to 27.00 per cent for the first time in 2025. The Governor of CBN,…
CBN: Lending rates may fall as inflation eases
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the coming months as inflation continues to ease, raising hopes for improved access…
CBN’s early exit package not targeted at Northerners — Dep gov
The Central Bank of Nigeria has reiterated that its Early Exit Package implemented in 2024 was entirely voluntary and not to target or destabilise Northerners working in the apex bank. The…
CBN Gives Order On Interest Rate
News Update THE Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) unchanged at 27.5%. This announcement was made by the CBN Governor, Olayemi Cardoso, following the…
Osun PDP, APC React To CBN’s Rejection Request Over Councils Bank Account
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,…
Nigeria posts $6.83bn Balance of Payments surplus in 2024 — CBN reports
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…
Did The CBN Introduce New N5,000 And N10,000 Banknotes?
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…
Has CBN introduced N5,000 And N10,000 notes featuring Chief Obafemi Awolowo, Azikwe’s image?
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….