Nigeria’s inflation soars to 34.6% in November 2024
Nigeria's inflation rate climbed to 34.6 percent in November 2024, up from 33.8 percent in October, according to the National Bureau of Statistics (NBS).
The...
Supply hawkers mint Naira, attract N150m penalty – CBN to banks
The Central Bank of Nigeria (CBN) has issued a stern warning to banks involved in facilitating the illegal circulation of newly minted naira notes,...
CBN imposes N150m fine on banks found aiding naira hawkers
The Central Bank of Nigeria (CBN) has declared that banks caught facilitating the illegal distribution of mint naira notes to hawkers will face a...
CBN fines Moniepoint, OPay N1b each amid Fintech scrutiny
In an ongoing effort to tighten oversight of Nigeria’s fintech sector, the Central Bank of Nigeria (CBN) imposed ₦1 billion fines on two of...
Banks raise over-the-counter withdrawal limit to N50,000
Deposit Money Banks in the Federal Capital Territory (FCT) have raised their maximum over-the-counter withdrawal limit to N50,000 per day, up from the previous...
