The Central Bank of Nigeria (CBN) has raised concerns about the ageing pipeline infrastructure and operational inefficiencies, identifying them as key factors responsible for the decline in oil ...

The Central Bank of Nigeria, CBN, has disqualified 41.65 million shares worth N822.60million in Access Holdings Plc’s Rights Issue that was recently concluded. In a corporate notice filed on the ...

Cannabidiol, widely known as CBD, is a cannabinoid derived from the cannabis plant. CBD doesn’t contain any tetrahydrocannabinol (THC), meaning it’s unlikely you’ll feel “high” when ...

The Central Bank of Nigeria, CBN, has explained the introduction of a N100,000 daily withdrawal limit on point-of-sales, PoS, terminals as part of efforts to promote a cashless economy.

The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market ...

The CBN has set a new limit for cash withdrawal for PoS operators in a bid to checkmate ongoing cash scarcity and improve electronic transaction The apex bank has revealed plans to monitor and ensure ...

The Central Bank of Nigeria, CBN, on Wednesday, in Abuja, announced that the country’s external reserves of $42.01 billion can finance the importation of goods and services for more than nine ...

The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted by Point of Sale (POS) agents. This policy, part of a new ...

As of July 2024, Nigeria had 3.05 million deployed PoS and 4.06 million registered PoS terminals, according to the Nigeria Interbank Settlement System Plc. “The Bank hereby releases the ...

The circular revealed that the CBN is concerned about the increasing prevalence of mint naira notes being traded by hawkers, a practice the bank described as impeding efficient and effective cash ...

The Central Bank of Nigeria (CBN) has issued a stern warning to banks engaging in the unlawful circulation of freshly minted naira notes. CBN revealed that any financial institution caught ...