Tag: CBN
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LG Autonomy: States Oppose Direct Federal Allocations via CBN
State governments across Nigeria are resisting efforts by the Federal Government to compel local governments to open accounts with the Central Bank of Nigeria...
Nigeria’s Debt Service Payments Drop by 49% in February – CBN
Nigeria’s total debt service payments fell significantly from $540 million in January 2025 to $276 million in February 2025, marking a substantial decline in...
Banks Load ATMs as CBN’s ₦100 Withdrawal Fee Takes Effect
Banks across Nigeria have stocked their Automated Teller Machines with cash as the Central Bank of Nigeria’s (CBN) new withdrawal fee policy took effect...
Naira Weakens to N1,570 in Parallel Market, Strengthens to N1,513 in NFEM
The Naira experienced a mixed performance in the foreign exchange market on Wednesday, as it depreciated in the parallel market but appreciated in the...
CBN Warns Banks: Don’t Limit ATM Withdrawals Below ₦20,000
The Central Bank of Nigeria (CBN) has warned commercial banks that it will sanction any institution that compels customers to withdraw less than ₦20,000...
