CBN explains reason behind hike in ATM withdrawal fees
The Central Bank of Nigeria (CBN) has justified its decision to increase charges on cash withdrawals from ATMs of other banks. Naijahitz…
Tag: CBN
CBN instructs banks to disclose dormant account details
The Central Bank of Nigeria (CBN) has directed all banks and financial institutions, to publicly disclose details of dormant accounts, unclaimed balances,…
CBN Speaks on New N100 ATM withdrawal fee
customers withdrawing less than N20,000 cash from other banks’ Automated Teller Machines will now pay 100 ATM withdrawal charges. The…
CBN forecasts 4.17% economic growth for Nigeria in 2025
Central Bank Predicts Robust 4.17% Economic Expansion in 2025. With the nation’s GDP that is expected to rise to 4.17…
CBN promises steady supply of cash nationwide
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank will ensure a steady supply of…
See how much CBN expects to generate from cybercrime levy
The Central Bank of Nigeria will be raising N50 billion by the end of 2024 from a 0.005 percent cybersecurity…
Despite controversy, CBN upholds cybercrime levy at 0.005%
The Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005% on all electronic…
CBN disregards National Assembly, ,maintians 5% ways and means advance limit
The apex bank in Nigeria, Central Bank of Nigeria, CBN has affirmed that it will sustain its Ways and Means Advances…
Dormant accounts and unclaimed balances to be transferred to CBN
Banks and other financial institutions have been directed by The Central Bank of Nigeria [CBN] to deposit unclaimed balances and…
House of reps investigate mass sacking of CBN staff (READ MORE)
House of Representatives has resolved to look into the mass retrenchment exercise by the Central Bank of Nigeria. The lawmakers…
OPay, Moniepoint, others to resume onboarding new customers
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint,…
CBN increases interest rate by 150 basis points to 26.25%
The Central Bank of Nigeria (CBN) has announced an increase in the interest rate by 150 basis points from 24.75 per cent…
JUST IN!! CBN directs banks to suspend charges on deposits till September
The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex…
JUST IN!! CBN directs banks to charge 0.5% cybersecurity levy on electronic transactions
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement a 0.5% cybersecurity levy on electronic transfers. This is…
Your money is safe in banks, CBN assures Nigerians
The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasizing the stability of the country’s…
Emefiele operated 593 illegal US, UK, China accounts – CBN investigator reveals
A presidential panel investigating the activities of the Central Bank of Nigeria (CBN) under the tenure of former Governor Godwin…
CBN gives updates on Naira scarcity
The Central Bank of Nigeria (CBN) has said enough Naira notes are in circulation amid reports of scarcity of the…
Reps issue warrant of arrest on CBN governor, others
The House of Representatives Committee on Public Petition has issued a warrant of arrest on the CBN governor, Olayemi Cardoso, the…
CBN denies reports of scarcity of cash
The Central Bank of Nigeria (CBN) has denied reports of an alleged scarcity of cash at banks, automated teller machines,…
CBN lifts ban on 43 items after eight years (Full List)
The Central Bank of Nigeria has finally lifted the foreign exchange restrictions it placed on importers of 43 items eight…