The Central Bank of Nigeria (CBN) has issued new guidelines for financial institutions seeking to upgrade or convert their licenses. The guidelines were created in response...
To combat long queues at bank branches and ATMs, Deposit Money Banks in Nigeria may increase cash withdrawal limits from the current range of N20,000-N50,000 to...
Following a directive from the Central Bank of Nigeria (CBN) on Monday that the old N500 and N1,000 notes remain legal tender in accordance with a...
The Nigeria Labour Congress (NLC) has given the Central Bank of Nigeria (CBN) and the Federal Government seven working days to end the cash crunch impacting...
Lagos residents have expressed outrage after discovering that banks are issuing old N500 and N1000 notes, with no option for them to deposit these notes once...
Bank customers in Lagos State, Nigeria were shocked when banks started to issue old N500 and N1,000 banknotes after receiving a directive from the Central Bank...
In response to Friday’s Supreme Court ruling which struck down the federal government’s cashless policy as unconstitutional, the All Progressives Congress (APC) has called for the...
The Supreme Court of Nigeria has granted an official ruling that old N200, N500, and N1000 notes will remain legal tender until December 31st. Passed by...
The Central Bank of Nigeria (CBN) recently announced regulations to review the tenure of Managing Directors (MDs), Deputy Managing Directors (DMDs), Executive Directors (EDs) and Non-Executive...
Baba spoke with journalists and explained that while investigation is underway, certain people are not accountable