CBN

Business

CBN Fines Banks ₦150 Million Each Over Cash Shortages

Central Bank of Nigeria (CBN) has fined nine banks ₦150 million each for failing to ensure seamless Naira availability via ATMs during the festive season

15 January 2025

Business

CBN Halts Extension of Export Earnings Repatriation

Central Bank of Nigeria (CBN) tightens forex management, mandating 90- and 180-day deadlines for export earnings repatriation without extensions.

10 January 2025

Breaking News

Nigeria’s Inflation Rate Projected to Fall to 27.1% by December 2025

Nigeria’s inflation rate is forecast to decline to 27.1% by December 2025, signaling positive impacts of reforms. Economic growth is projected at 3.5%

10 January 2025

Business

2025 Budget Will Deliver Sufficient Economic Stimulus – CEO FirstBank

FirstBank Group CEO, Olusegun Alebiosu expresses confidence that the 2025 budget will offer stimulation to the Nigerian economy

9 January 2025

Business

Why 1000 CBN Staff Left – CBN Governor

CBN Governor issues clarifications to House of Representatives’ committee regarding 1000 CBN staff disengaged from service in 2024

4 January 2025

Business

Nigeria’s Diaspora Remittances Increases By 61% in One Year

Technical advancements and a weakened Naira boost Nigeria’s diaspora remittances, improving living standards for many low- and middle-income.

19 December 2024

Business

CBN Slams Restriction On PoS Transactions

The CBN introduces new regulations limiting PoS transaction volumes to curb economic sabotage and promote a cashless economy.

18 December 2024

Business

Cash Scarcity Persists Despite Cash In Circulation At All Time High

Despite cash in circulation at an all time high, Nigerians face pervasive cash scarcity, compelling the CBN to act by slapping fines on banks selling mints to currency hawkers.

16 December 2024