Cbn News Update

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CBN Halts Use of Foreign Currencies as Collateral for Naira Loans

April 8, 2024 Omajemite Don

The Central Bank of Nigeria (CBN) has issued a directive instructing banks to cease accepting foreign currency as collateral for loans denominated in naira. This directive, communicated via a circular…

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CBN Issues New Order to Banks, Wallets on BVN, NIN: What Does It Mean for Nigerians?

December 2, 2023 Omajemite Don

Banks Anticipate Rush as CBN Enforces BVN and NIN Requirements.   The Central Bank of Nigeria (CBN) has directed commercial banks to impose a “post no debit” restriction on accounts…

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Business news today in Nigeria

CBN to Close Millions of Bank Accounts in Zenith, First Bank, Access, UBA, and Others

April 8, 2023 Omajemite Don

CBN to Close Millions of Bank Accounts.  Info: There are over 24 commercial banks operating in Nigeria today, including First Bank, Eco Bank  Access, UBA, Zenith, and other financial institutions…

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Banking Job Vacancies in Nigeria, News Now

Godwin Emefiele Gives New Directive To 15 Bank Executives Over Old Naira Notes

February 16, 2023 Omajemite Don

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has met with 15 bank executives and instructed them to make the old 200 naira notes available beginning Thursday…

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Business news today in Nigeria

BREAKING: CBN Stops Withdrawals of New Naira Notes 

January 7, 2023 Jake Clifford

  CBN has banned the withdrawals of new naira notes again.   The Central Bank of Nigeria has ordered Deposit Money Banks not to pay customers making over-the-counter withdrawals of…

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BREAKING: FG Stops Cash Withdrawals From Public Accounts

December 20, 2022 Jake Clifford

FG Stops Cash Withdrawals From Public Accounts     The federal government is required to immediately implement the suspension of cash withdrawals from all public accounts.   Prior to the…

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Business news today in Nigeria

BREAKING: CBN Reduces Over-The-Counter Withdrawals To N100k, N500k Per Week For Individuals And Companies

December 6, 2022 Jake Clifford

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals and companies   The revised cash withdrawal limit was released today in a statement issued by the apex bank.…

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