CBN Increases Lending Rate to 18%
In an aggressive push to contain the nation’s inflationary pressure, the Central Bank of Nigeria on Tuesday raised its benchmark ...
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Tag: Central Bank of Nigeria
Naira Redesign Policy: Nigeria’s GDP Projected To Drop In Q1 2023 By About N10 Trillion
Oyeyemi Kale, former statistician-general of the federation, says Nigeria’s gross domestic product (GDP) would contract in the first quarter (Q1) ...
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Effective Time Management Strategies for Nigerian SMEs during Cash Scarcity to Boost Productivity
Small and medium-sized enterprises (SMEs) are the backbone of the Nigerian economy. These businesses are responsible for providing jobs and ...
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Supreme Court Halts CBN Old & New Naira Swap Deadline: Impact on Small Businesses in Nigeria
The Supreme Court recently issued an interim injunction preventing the Central Bank of Nigeria from implementing the deadline for the ...
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Here’s Why Businesses Will Benefit when CBN’s Cashless Infrastructure Comes Through in 2025
The Central Bank of Nigeria recently disclosed in a document that cash-based transactions would reduce by 2025. According to the ...
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Cashless Payments To Increase In 2025, Says CBN
The Central Bank of Nigeria has disclosed that the use of cash as a medium of payment would reduce in ...
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CBN Releases security features of New naira notes
In response to reports of counterfeit naira notes in circulation, the Central Bank of Nigeria, CBN, has released details and ...
Read moreCBN raises weekly cash withdrawal limit for individuals & corporate bodies
The Central Bank of Nigeria (CBN) has raised the weekly cash withdrawal limits set for individuals and Corporate Organisations to ...
Read moreCBN threatens to withdraw banks’ forex license over diaspora remittances
The Central Bank of Nigeria, CBN, yesterday, threatened to withdraw foreign exchange dealership licences of banks that partner with International ...
Read moreThe New CBN Cash Withdrawal Policy; What will happen to MSMEs now?
The Central Bank of Nigeria recently announced a new cash withdrawal policy that restricts cash withdrawals from over-the-counter, Automated Teller ...
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