Thursday, July 31, 2025
Policies
CBN ends free ATM withdrawals for other banks’customers
The Central Bank of Nigeria (CBN) has eliminated free withdrawals for customers using Automated Teller Machines (ATMs) from other banks....
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FG increases private university application fee from N5m to N25m
Nigeria’s Federal Government has significantly increased the costs associated with establishing a new private university. The National Universities Commission (NUC)...
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United States scraps visa dropbox service for Nigerian applicants
The United States has suspended its visa dropbox service in Nigeria, requiring all visitor visa applicants to attend in-person interviews...
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FG stops the exportation of cooking gas
The Federal Government has halted the export of locally produced Liquefied Petroleum Gas (LPG), commonly known as cooking gas, to...
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JUST IN: CBN raises Interest Rate to 27.25%
The Central Bank of Nigeria (CBN) has raised its Monetary Policy Rate (MPR) by 50 basis points to 27.25 per...
Read moreCBN confirms implementation of Cybersecurity levy on ‘all electronic transactions’
The Central Bank of Nigeria (CBN) has confirmed the enforcement of the controversial 0.005 perent cybercrime levy on all electronic...
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FG imposes a N50 transfer levy on transactions over N10,000 on OPay
OPay has announced a new charge on electronic transfers to personal and business accounts to comply with regulations from the...
Read moreCBN lifts ban on lending to banks, pegs interest rate at 31.75%
The Central Bank of Nigeria (CBN) has lifted the suspension on lending to banks through its Standing Lending Facility, (SLF)...
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Approve N250,000 demand for minimum wage, Labour
The Organized Labour is urging President Bola Tinubu to demonstrate his love for Nigerian workers by approving their request of...
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CBN reduces Loan to Deposit Ratio from 65% to 50%
The Central Bank of Nigeria (CBN) has reduced the Loan to Deposit Ratio (LDR) of banks from 65% to 50%....
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