PoS operators surcharge for new naira notes as deadline approaches
Some Point of Sale (PoS) operators in Federal Capital Territory (FCT) satellite towns are profiting from the lingering scarcity of new naira notes.
Remember that...
BREAKING: CBN bans dollar charges on domestic transactions
The Nigerian National Domestic Card Scheme, Afrigo, has been launched by the Central Bank of Nigeria (CBN).
The Governor of the Central Bank of Nigeria,...
No scarcity of new naira notes – CBN
According to some media reports, the Central Bank of Nigeria (CBN) stated that there is no shortage of new naira notes.
This was revealed in...
CBN To Fine Banks N1 Million Per Day For Not Picking...
Alhaji Umar Ibrahim Biu, the Kano Branch Controller of the Central Bank of Nigeria, has refused to extend the deadline.
"By January 31, 2023, the...
CBN says new notes enough to circulate before 31st January
The Central Bank of Nigeria, CBN, has insisted that it has enough new notes to circulate throughout the country before the January 31 deadline...
CBN orders banks to stop over-the-counter withdrawal of new naira notes...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to halt the payment of new naira notes to customers making over-the-counter withdrawals...
Despite CBN’s tight policy, Nigeria’s money supply hit all-time high of...
Nigeria's money supply reached an all-time high of N51.8 trillion in November 2022, a N7.97 trillion increase year on year. According to data obtained...
GTBank suspends international transactions on naira Mastercards
Guaranty Trust Bank customers will no longer be able to conduct international transactions using their naira-denominated ATM card.
The bank announced the suspension of international...
BREAKING: CBN revises weekly cash withdrawal limits to N500, 000, N5...
The Central Bank of Nigeria (CBN) has increased the weekly cash withdrawal limit for individuals and corporate organizations to N500,000 and N5 million, respectively.
The...
King Charles Banknotes Will Go Into Circulation In The UK By...
On Tuesday, the Bank of England revealed the designs for the first banknotes featuring King Charles III's image, estimating that they will be in...