Saturday, October 4, 2025
Policies
CBN lifts cash deposit restriction on domiciliary accounts, allows $10,000 daily withdrawals
The Central Bank of Nigeria (CBN) has lifted the restriction it placed on cash deposits into domiciliary accounts while allowing...
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CBN announces changes to Foreign Exchange Market
The Central Bank of Nigeria has announced operational changes to the foreign exchange market. The changes announced by CBN includes...
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Naira floated at I&E window, exchanged at N750/USD on Wednesday
There are indications that the Nigerian currency, the naira has been officially floated at the I&E window, after many years...
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Tinubu signs Electricity Act of 2023; States to generate, transmit and distribute electricity
On Friday, 9th June, President Bola Tinubu signed the electricity act 2023 into law, paving the way for States, companies...
Read moreWe did not devalue Naira – CBN
The Central Bank of Nigeria (CBN) has stated that it did not devlaue the Naira. The Apex bank on its...
Read moreCBN Devalues Naira to 630/US$1 at the I&E Window – Reports
The Central Bank of Nigeria (CBN) has devalued the Naira at the Importers and Exporters (I&E) window to N631 to...
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BREAKING: CBN raises interest rate to 18.5% amid rising inflation
The Monetary Policy Committe of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures...
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FG re-introduces 5% excise duty on telecom services in new fiscal policy
The Federal Government has reintroduced the 5% excise duty on telecommunications services despite saying last month that it has been...
Read moreCBN raises interest rate for the 6th consecutive time
(Greenwich Merchant Bank): At the end of its 290th meeting, the Monetary Policy Committee (MPC) of the Central Bank Nigeria...
Read moreJUST IN: CBN limits weekly cash withdrawal to N100k
The Central Bank Of Nigeria has set fresh cash withdrawal limits for individuals and organisations with effect from January 9,...
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