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Business

CPI Rebasing Won’t Have Any Impact On Nigeria’s Economy, Say Experts

Economists and financial experts have called on the Central Bank of Nigeria (CBN) to pause interest rate hikes following the rebasing of the Consumer...
Business

CBN Foreign Reserves Hits Three-Year High, Surpasses $40bn

The Governor of Central Bank of Nigeria, Mr Olayemi Cardoso has said that the country’s foreign reserves has exceeded $40bn, marking the highest level...
Business

‘Keystone Bank Is Safe, Operational’— CBN Reassures Customers After FG’s Takeover

The Central Bank of Nigeria (CBN) has said that Keystone Bank Limited is sound and that there is no cause for alarm.The CBN said...
Business

CBN To Fine Banks Limiting ATM Withdrawal Below N20,000 Per Transaction

The Central Bank of Nigeria said it will sanction banks that are limiting withdrawals from their Automated Teller Machines (ATM) below N20,000 per transaction.The...
Business

CBN Advises Telecom Operators To Reduce Reliance On Dollar

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has advised telecom operators to reduce their reliance on foreign exchange for their...
Business

CBNs New ATM Withdrawal Fees Spark Concerns

The recent decision by the Central Bank of Nigeria (CBN) to eliminate the three free monthly interbank ATM withdrawals and impose a fee ranging...
Business

CBN FX Reforms Distrupt Speculative Trading As Naira Appreciates To N1,520 Per Dollar

The Nigerian Naira surged to its strongest level in the parallel market this year, bolstered by ongoing foreign exchange (FX) reforms introduced by the...
Business

JUST IN: CBN Imposes N600 Fee On N20,000 Withdrawn From Another Bank’s ATM

The Central Bank of Nigeria has imposed a withdrawal fee between N100 to N600 for every N20,000 worth of interbank ATM withdrawals.The new policy...
Business

CBN Postpones MPC Meeting Over NBS Delay In Releasing Rebased Inflation Report

The Central Bank of Nigeria (CBN) said it has shifted the date for its first Monetary Policy Committee (MPC) meeting for 2025 due to...
Business

Fidelity Bank Completes First Phase Of Capital Raising With 238% Oversubscription

Fidelity Bank Plc has concluded the first phase of its equity capital raise through a Public Offer and Rights Issue, achieving a 238 per...
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