Court Orders Final Forfeiture of $1.4m Linked to Emefiele
The court had given the final forfeiture order after a motion on notice filed and argued by Bilkisu Buhari, counsel for the EFCC, which went…
Tag: CBN
SERAP Sues CBN for Unlawful, Unjust Increase in ATM Transaction Fees
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over what it describes as an unlawful,…
Breaking! CBN Increases ATM’s Withdrawal Charges
For efficiency and growth, the Central Bank of Nigeria CNN has increased the withdrawal fees from Automated Teller Machines, ATM to N100 per withdrawal from…
CBN Revises Transaction Fees for ATM, Announces New Charges
The Central Bank of Nigeria (CBN) has announced a revision of transaction fees for Automated Teller Machines (ATMs), with the new charges set to take…
CBN Debunks Rumour, Says Banknotes Remain Legal Tender
The Central Bank of Nigeria, CBN has debunked the rumour that the old naira notes will cease to be in circulation by 31st of December…
CBN Raises Lending Rate to 26.25 Percent
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the country’s baseline lending rate by 150 basis points to 26.25…
CBN Imposes 0.5% Cybersecurity Levy on All Transactions
The Central Bank of Nigeria, CBN, has directed banks to impose a 0.5% cybersecurity levy on all transactions.
$30bn Domiciliary Deposit Conversion: CBN Debunks Report
The Central Bank of Nigeria has debunked the allegation that it plans to convert $30bn domiciliary deposits to Naira stating that the news is unfounded…
Sanusi Backs CBN Relocation to Lagos, Says Not a Northern Issue
The former Emir of Kano, HRH Sanusi Lamido Sanusi has stated that moving staff to operations in Lagos to make them more effective and operative…
CBN Permits Commercial Banks to Trade in Forex at Market Rate
The Central Bank of Nigeria, CBN, has permitted commercial banks to trade in the forex market at a market-determined rate.
Old Naira Notes Remain Legal Tender – CBN Directs
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, and N1,000 banknotes remain legal tender till December 31, 2023.
Breaking! Supreme Court Declares Naira Redesign Policy Invalid
The Supreme Court has nullified the Naira redesign policy introduced by the Central Bank of Nigeria, CBN last year stating that the policy was invalid.
Old Naira Notes No Longer Legal Tender – CBN Warns
The Central Bank of Nigeria has insisted old N200, N500 and N1,000 notes are no longer legal tender despite a Supreme Court order barring the…
Stop PoS High Charges – CBN Directs Banks
Central Bank governor Godwin Emefiele has asked banks to stop high charges by the Point of Sale (PoS) agents on every transaction made by their…
Cash Withdrawal Limit: Lawmakers Oppose CBN, Summon Emefiele
The House of Representatives has asked the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to suspend the implementation of the cash withdrawal…
CBN Places Maximum Withdrawal for Individuals and Organizations
The Central Bank of Nigeria, CBN has placed a maximum withdrawal for individuals and corporate organizations weekly to resuscitate the Naira.
