Fuel Subsidy: Oil marketers plan petrol import as CBN floats forex
Oil marketers in Nigeria have intensified efforts targeted at importing petrol from the world market following the latest liberalization of foreign exchange rates by the Central Bank of Nigeria, CBN.
Alleged fraud: CBN denies suspending OPAY, PALMPAY accounts
The Central Bank of Nigeria (CBN) has made clarification on viral reports that it has suspended accounts of some Fintech companies like OPAY and PALMPAY.
CBN releases cash, orders banks to open on weekends
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations.
Reps to CBN: Direct commercial banks to overhaul e-platforms
The House of Representatives has asked the Central Bank of Nigeria, CBN, to direct all commercial banks in the country to immediately overhaul their existing online and electronic banking platforms for efficiency and ease of conducting electronic banking operations.
CBN admits weak links in cash withdrawals, raises policy rate
Amidst the continued scarcity of cash under the Naira redesign policy the Central Bank of Nigeria, CBN, has admitted failures in the online payment channels that have frustrated banks’ customers in the past two months.
Nigeria’s economy maintains nine-quarter consecutive growth — CBN
The Central Bank of Nigeria (CBN), says the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting the recession in 2020.
