CBN Increases Weekly Cash Withdrawal Limits To N500, 000, N5 Million For Individuals, Corporates   The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The directive is...

PoS Operators Give CBN Ultimatum Over Cash Withdrawal Limits Policy   The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has expressed optimism that the Central Bank of Nigeria will reverse its cash withdrawal limits policy before the new year. The AMMBAN National President, Victor...

MONUMENTAL SCANDAL: How Govt Officials Hide N70 Trillion in Banks... CBN, Justice Ministry Refuse to Act on Recovery   .... Report fingers top CBN and First Bank officials ....Court adjourns case till 6th of March 2023 ....Attorney-General of the Federation and Minister for Justice grows cold feet The suit seeking...

Senate Postpones Hearing On Cash Withdrawal Limits   The Senate on Tuesday postponed the hearing of the report on the Cash withdrawal policy by the committee on Banking and Financial Institutions. The Red chamber had last week commissioned the committee to grill the two newly re-appointed deputy...

FG Interventions: Manufacturers, Others Urged to Repay N10tn Loan - CBN The Central Bank of Nigeria has frowned at the incessant reluctant repayment of loans provided by the bank, noting that it might affect the sustainability of the bank’s initiatives. The Deputy Governor, Financial System Stability...

Non-Oil Export Proceeds Near $1bn – Emefiele   The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has expressed optimism that export proceeds repatriation for rebate will hit $1 billion by the fourth quarter of 2022. Emefiele said this at a press conference on...