News Update The Central Bank of Nigeria, CBN, has raised the cost of issuing and replacing Automated Teller Machine, ATM, debit and credit cards by 50 per cent, increasing the fee from…
Tag: Central Bank of Nigeria
BREAKING: CBN suspends export proceeds repatriation extension
The Central Bank of Nigeria has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately. This directive, issued via a circular dated January 8, 2025,…
CBN Unveils Forex Scandals, Promises Swift Sanctions Amid Economic Challenges
The Central Bank of Nigeria has uncovered infractions, gross abuses, and non-compliance with foreign exchange market regulations. Consequently, the apex bank vowed it would punish those responsible for these abuses in…
Your Money is Safe in Banks— CBN Affirms Rock-Solid Guarantee to Nigerians
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore advised the public to continue…
BREAKING: CBN staff loans jump by 113%, hit N40bn
The Central Bank of Nigeria has said that it issued N40.67bn loans to members of its staff as of December 2022. This was according to the apex bank’s audited financial statement…
CBN: Naira Is Our National Identity, Stop Spraying It
The Central Bank of Nigeria (CBN) has warned members of the public not to spray, hawk, mutilate or counterfeit Naira currency. The apex bank assured members of the public that the…
Central Bank Devalues Naira Amidst Removal Of Fuel Subsidy
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the…
Banknotes: Central Bank of Nigeria direct banks to do extra work-days
VOICE AIR MEDIA News Update THE Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort…
Naira Notes: Central Bank Reveals Punishment For POS Agents Charging Abnormal Money
VOICE AIR MEDIA News Update THE Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that Point of Sale agents who charge above N200 for the CBN cash swap programme…
Why Central Bank Extended Old Naira Notes Use
President Muhammadu Buhari has approved a 10-day extension for Nigerians to swap their old N1,000, N500 and N200 notes for the new ones. Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele…