CBN Must Rethink Its New ATM Withdrawal Policy By Tahir Ahmad The Central Bank of Nigeria (CBN) recently implemented its revised ATM withdrawal charges, a move that has sparked widespread frustration among Nigerians. Under the new policy, which took effect on March 1, 2025, bank customers...

OAGF Reaffirms Remitta as CBN's Approved Payment Gateway The Office of the Accountant General of the Federation (OAGF), yesterday clarified that Remitta remains the Central Bank of Nigeria’s (CBN) approved payment gateway, adding that the federal government had not discarded the platform. The clarification came same...

Akinniyi, Isa-Olatinwo, 14 Others Appointed CBN Directors The Central Bank of Nigeria has appointed 16 new directors across key departments, ending nearly two years of acting leadership in several units as the apex bank moves to strengthen its regulatory framework. The appointments were part of Governor...

The Central Bank of Nigeria (CBN) has reinforced its regulatory oversight to bolster the resilience and transparency of the country’s financial system.

‎Naira Strengthens to N1,485/$1 Across Black, Official Markets ‎The naira appreciated against the dollar on Tuesday, February 25, 2025, trading at N1,485/$1 in both the official and black markets. ‎According to figures released by the Central Bank of Nigeria (CBN), the naira closed at N1,495/$1 at...

The effects of inflation became manifestly apparent over the past two years, when it soared to a dizzying 34.8%. Whilst this figure falls short of the astronomical 72.84% recorded in 1995.