Tag: CBN
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Nigeria Locks Mobile Banking Apps to One Phone From July
Nigeria's central bank has ordered every lender, fintech, and payment provider in the country to restrict mobile banking applications to a single device per...
Nigeria Breaks Transparency Barrier as Net Reserves Hit $34.8bn, Surpassing 2023 Gross Total
Nigeria's Central Bank of Nigeria (CBN) has for the first time disclosed the country's net foreign exchange reserves, revealing a figure of $34.80 billion...
Nigeria Cuts Interest Rate Again as Reserves Hit 13-Year High
Nigeria's Central Bank has trimmed its benchmark lending rate for the second time in five months, cutting the Monetary Policy Rate (MPR) by 50...
Naira Holds Steady Against Dollar at Start of February Week
The Nigerian naira maintained stability against the United States dollar on Monday, February 9, trading at 1,363.84 naira per dollar at the official Nigerian...
CBN’s Withdrawal Limits for Nigerians: What About Stealing Limits for Politicians?
Nigeria has spoken. Loudly. Clearly. And directly to the pockets of ordinary citizens. According to the apex bank, Nigerians may now withdraw only ₦500,000...
