Experts commend CBN sanction on banks over ATM shortages
Some experts have commended the Federal Government for imposing fines on nine deposit banks for failing to ensure the availability of cash through Automated Teller Machines (ATMs).
They said this during an interview in Lagos on Monday,...
In the third quarter of 2024, the demand for foreign exchange decreased significantly, mainly because of a notable reduction in invisible transactions.
According to the latest data from the Central Bank of Nigeria's (CBN) Money and Credit Statistics, Nigerians withdrew N364.38bn from banks in November 2024 due to the cash scarcity affecting many parts of the country.
The Central Bank of Nigeria (CBN) has made adjustments to foreign exchange rates for cargo clearance in Nigeria’s air and seaports, which becomes effective on Tuesday, December 3, 2024.
The Central Bank of Nigeria (CBN) has predicted an improvement in food production in the country, following the Federal Government's efforts to improve security in the North-East.
