Tag: CBN
FCMB kicks off its 10th season of the Millionaire Promo, offering N1m prizes to winners across Nigeria, with draws until September 2025. First City Monument Bank (FCMB) has officially launched the 10th season of its highly anticipated...
Banks in the FCT have increased their over-the-counter withdrawal limit to N50,000, up from N5,000, improving cash access for customers. Deposit Money Banks in the Federal Capital Territory (FCT) have increased their maximum over-the-counter withdrawal limit...
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CBN affirms Nigerian banking sector resilience through regular stress testing
The Central Bank of Nigeria (CBN) emphasizes the resilience of Nigeria’s banking sector through regular stress testing and early warning systems, ensuring deposit security. The...
CBN clarifies cybercrime levy amidst misrepresentation in media
The Central Bank of Nigeria (CBN) has addressed media reports suggesting the reintroduction of the Cybercrime Levy, clarifying that it remains cancelled despite its...
CBN governor announces resumption of customer onboarding by Fintech firms
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that mobile money operators, including prominent fintech firms such as Moniepoint,...
Federal high court rules in favor of CBN on social media handles requirement
The Federal High Court in Lagos has ruled in favor of the Central Bank of Nigeria (CBN) in a case challenging the requirement for...
Access Holdings Plc receives CBN approval for Oxygen X Finance Company Limited
Access Holdings Plc has achieved a significant milestone with the Central Bank of Nigeria (CBN) granting approval in principle for the establishment of Oxygen...
Customers groan as banks exhaust old, new naira notes
Despite the reintroduction of old N200 naira notes into circulation, commercial banks in Abuja are still having a hectic time meeting customers’ cash needs...
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