CBN, NNPC To Spend N1bn On Returnees Feeding, Accommodation
The Central Bank of Nigeria and the Nigerian National Petroleum Cooperation have offered to foot the bills of quarantining citizens...
Naira Sells At ₦450 Per Dollar
The rate of Naira slumped to N450 per dollar on Thursday at the Parallel Market. The naira is seen weakening...
COVID-19: Private Sectors Have Donated ₦27.160bn – CBN
The Central Bank of Nigeria says that the private sector donation towards the fight against COVID-19 has hit ₦27.160billion. The...
Fire Razes CBN Office In Jos
The branch of the Central Bank of Nigeria was on Tuesday gutted by fire. The Apex bank however claimed that...
Nigerian Banks To Restructure Loan Terms, Interest Rate Now 5%
The Central bank has announced six new policies to soften the burden of the impact of the Coronavirus pandemic on...
Stamp Duty: Banks Are Violating FG’s Directive On Deposits Below N10,000
There are indications that some banks are charging N50 stamp duty fee on deposits into savings account below N10,000 in...
Reports About Naira Devaluation Is False – CBN
The Central Bank of Nigeria says it has no plans to devalue the naira as against speculations making rounds. According...
Coronavirus: CBN Urges Nigerians To Go Cashless
The Central Bank of Nigeria has urged Nigerians to tilt towards alternative payment methods like electronic transfer as against cash...
CBN Projects Increase In Borrowing Rate
The Business Survey Outlook released by the Central Bank of Nigeria shows that borrowing rate is expected to rise in...
CBN Limits Banks To Sack Not More Than 5 Staff Without Approval
Central Bank of Nigeria (CBN) has given a stern warning to all banks that they must seek its approval if they...
Over N60bn ‘Illegal’ Bank Charges Returned To Customers – CBN
The Central Bank of Nigeria has claimed that it had refunded over N60 billion to customers who were wrongly charged...
CBN Injects $210m Into Forex Market
The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market...
CBN Slams N2M Fine On Banks For Over-Charging Customers
The Central Bank of Nigeria says any bank that charges customers above approved thresholds will pay a N2 million fine...
BREAKING: CBN Slashes ATM Withdrawal Charges From N65 To N35
The Central Bank of Nigeria on Sunday, December 22, 2019, has issued a directive that the withdrawal fee charged for...