Tag: CBN
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CBN fines nine banks N1.35bn for ATM cash shortages
The Central Bank of Nigeria (CBN) has imposed hefty fines totaling N1.35 billion on nine deposit money banks (DMBs) for failing to ensure adequate...
CBN unveils new accounts for diaspora Nigerians
The Central Bank of Nigeria (CBN) has launched two new account types aimed at enhancing financial inclusion for Nigerians living abroad.
In a move that...
1000 CBN staffs not sacked, left voluntarily- Cardoso
In a recent statement, Central Bank Governor Olayemi Cardoso clarified that the 1,000 employees who departed the bank in December did so voluntarily, refuting...
CBN sets N100,000 daily POS withdrawal limit for customers
The Central Bank of Nigeria (CBN) has introduced a daily cash withdrawal limit of N100,000 per customer for Point of Sale (POS) transactions.
This new...
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...
