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...

CBN Limits Cash Withdrawals To N100, 000, N500,000 Weekly For Individuals, Companies     The Central Bank of Nigeria (CBN) has limited over-the-counter cash withdrawals by individuals and corporate entities to N100, 000 and N500, 000 respectively weekly. According to a new memo to banks on Tuesday by...

CBN Increases Interest Rates on Savings Deposit to 4.2% The Central Bank of Nigeria (CBN) has instructed banks in Nigeria to pay savings deposit accounts an interest rate of at least 4.2%, an increase from the 1.4% previously received. This was contained in a circular by...

CBN Resolves 1,519 Complaints, Refunds N2.7bn In 6 Months         The Central Bank of Nigeria (CBN) resolved 1,519 banks’ transaction complaints and refunded N2.7 billion to the customers from January to June this year. Mr Haruna Mustafa of the Consumer Protection Department of CBN revealed this at...