CBN Mandates Banks to Impose 0.5% Cybersecurity Levy on Transactions
In a bid to bolster cybersecurity measures across the financial sector, the Central Bank of Nigeria (CBN) has instructed all ...
Tag: CBN
Money Outside Banks Surges to N3.63 Trillion as Cash Processing Fees Resume
Despite a decline in overall money supply (M2), currency outside banks (COBs) in Nigeria witnessed a notable increase of 10.67 ...
CBN Data Reveals Sharp Drop by N226 Billion in POS Transactions Amid Rising Cash Hoarding
In a stark reversal of trends, Point-of-Sale (POS) transactions in Nigeria plummeted by N225.73 billion in the first quarter of ...
CBN Debunks Fake Circular on Cryptocurrency Transactions
The Central Bank of Nigeria (CBN) has debunked a recent news circular circulating online that claims to be a letter ...
Nigeria’s External Reserves Drop to $32.1 Billion Despite CBN Clarifications
Despite recent statements from the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, concerning the country's external reserves, data from ...
Data Reveals CBN’s Limited Intervention in Naira Defense
Recent data from the FMDQ Securities Exchange has shed light on the Central Bank of Nigeria's (CBN) approach to defending ...
Nigeria’s Inflation Persists Despite CBN Efforts: Understanding the Challenges and Solutions
Despite concerted efforts by the Central Bank of Nigeria (CBN) to rein in inflation through significant policy adjustments, Nigeria's inflation ...
UBA Confident in Meeting N500bn Capital Base
United Bank for Africa (UBA) Plc has assured its investors of its capability to meet the new capital base set ...
CBN Prohibits Use of Foreign Currency Collaterals for Naira Loans
The Central Bank of Nigeria (CBN) has issued a directive to all banks regarding the use of foreign currency-denominated collaterals ...
CBN Raises N7.7 Trillion via NTBs and OMO in Q1 2024 to Address Excess Liquidity
In an effort to tackle excess liquidity within the banking sector, the Central Bank of Nigeria (CBN) has reported a ...
