The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to ₦100,000 per customer. The apex bank, in a circular titled Cash-out limits for agent banking transactions,’ announced the development to all deposit money banks (DMBs), microfinance… CBN Sets Daily Withdrawal Limit On PoS, Sends Stern Warning To Operators … Read more
The inflation rate has spiked to 34.60 percent amid hardship under Tinubu. Newsone Nigeria reports that Nigeria’s inflation rate for November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians under President Bola Tinubu’s leadership. This… BREAKING: Inflation Rate Spikes to 34.60 Percent Amid Hardship Under Tinubu …C0NTINUE READING >>>>
CBN imposes ₦150 Million fine on banks fueling Naira hawking …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has imposed a hefty penalty of ₦150 million on Deposit Money Banks (DMBs) caught supplying mint naira notes to currency hawkers. According to reports, this measure is part of the apex bank’s efforts to combat the … Read more
CBN Slams ₦150 Million Fine On Banks Supplying New Naira Notes To Hawkers …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has introduced a stringent penalty of ₦150 million on Deposit Money Banks (DMBs) found guilty of supplying mint naira notes to currency hawkers. Henzodaily reports that this move is part of the apex … Read more
CBN Gives Fresh Update On Validity Of Old ₦1000, ₦500, ₦200 Notes …C0NTINUE READING HERE>>> The Central Bank of Nigeria (CBN) has announced that all versions of the naira, including the old and new designs of ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 denomination, remain valid … Read more