Tag Archives: cbn


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CBN introduces Bank Neutral Cash Hubs to enhance cash management efficiency

The Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee has introduced cash collection centres called Bank Neutral cash hubs. This…
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CBN increases currency in circulation by N418bn over cash transactions

THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December,  2021, according to figures obtained from the…
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CBN to stop forex sale to banks by December, targets $200bn non-oil exports

CBN to stop forex sale to banks by December, targets $200bn non-oil exports The Central Bank of Nigeria has revealed that it will…
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N23.2bn loan: CBN releases list of beneficiaries

The Central Bank of Nigeria on Wednesday released a list containing details of the 28 firms that benefitted from the N23.2bn loans disbursed…
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CBN intervention policies push currency in circulation to highest level in history

Currency in circulation in Nigeria rose by N1.15 trillion in 2021 to N3.33 trillion as of December 2021 its highest level on record.…
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CBN warns against borrowing money from loan sharks

The Central Bank of Nigeria has stated that individuals in need of funds don’t need to know anybody to collect loans from banks,…
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CBN removes N379/$1 exchange rate from website

The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that…
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CBN Bans Fintech Companies From Providing BVN Validation Services For Customers

The Central Bank of Nigeria has reportedly banned fintech companies and other non-bank financial institutions in Nigeria from providing the Bank Verification Number…
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BREAKING: CBN bans Nigerians from buying, selling bitcoin, other cryptos

Central Bank of Nigeria has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions. In…
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CBN issues modalities for payout of diaspora remittances in dollars

The Central Bank of Nigeria (CBN) has issued a circular setting out the Modalities for Payout of Diaspora Remittances. The apex bank has…
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