Thursday , November 14 2024

Tag Archives: CBN

Transparency: CBN Reintroduces Publication of Key Economic Reports

Transparency: CBN Reintroduces Publication of Key Economic Reports

The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports to enhance transparency. According to a statement on Tuesday signed by Sidi Ali Hakama, CBN’s Acting Director of Corporate Communications, this initiative is part of its broader efforts to enhance transparency, promote informed decision-making and …

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CBN Frown Against Old, Lower Dollar Bill Rejection in Nigeria

CBN Frown Against Old, Lower Dollar Bill Rejection in Nigeria

  The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) and authorized forex dealers, emphasizing the mandatory acceptance of old and lower denominations of United States Dollar (USD) bills from customers. This directive comes in response to findings from consumer market intelligence, which …

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CBN Debunks Licence Revocation Rumours

The Central Bank of Nigeria (CBN) has again reassured members of the banking public of the safety of their deposits and the banking system’s resilience. The reassurance follows concerns in certain quarters about the stability of some Nigerian banks in the wake of Heritage Bank Plc’s licence revocation. Contrary to …

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CBN Suspends Charges on Bank Deposits Till September

CBN Suspends Charges on Bank Deposits Till September

The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by its director of Banking Supervision, Adetona Adedeji. Customers of some of the Deposit Money Banks raised concerns that …

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