Central Bank of Nigeria
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Banking & Finance
Central Bank lifts cash deposit restriction on domiciliary accounts, allows $10k withdrawals daily
The Central Bank of Nigeria (CBN) issued a press statement on June 18, 2023, providing further guidance to Deposit Money…
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News
Tinubu suspends Emefiele, appoints acting Governor, orders probe
President Bola Ahmed Tinubu has suspended the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office with…
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Business Inside
CBN releases list of approved Mortgage Banks (see full list)
The Central Bank of Nigeria’s list of 43 banks that have been approved to offer mortgage loans to Nigerians has…
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Banking & Finance
Dormant Accounts: CBN moves to claim monies in Access, GTB, Zenith, First Bank, Others (See reasons)
The Central Bank of Nigeria (CBN) has recently announced new guidelines aimed at claiming funds from dormant accounts. Dormant accounts refer to…
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Banking & Finance
Recirculation of old 500,1000 naira notes: CBN denies report
The Central Bank of Nigeria (CBN) has said that it never issued a fresh directive to commercial banks to obey…
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Banking & Finance
Supreme Court extends validity of old naira notes
The Supreme Court has ordered that old N200, N500, and N1,000 notes remain in circulation till December 31, 2023. The…
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Banking & Finance
CBN succumbs, amends cash withdrawal policy, raises weekly Individual, corporate limit
The Central Bank of Nigeria has reviewed upward the limit on cash withdrawals made by individuals and organisations. Ahead of the distribution…
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Banking & Finance
CBN Spent N281 Billion printing new notes as latest Banknotes begin circulating December 15
The Central Bank of Nigeria, CBN, has unveiled plans to redesign the banknotes and withdraw old ones and said the…
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