Tag: CBN
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CBN Introduces Tougher FX Rules as BDC Weekly Dollar Purchases Face New Limit
The Central Bank of Nigeria has rolled out stricter foreign exchange regulations for Bureau De Change operators, introducing a weekly purchase limit of 150,000...
BREAKING: CBN Withdraws Licences of 46 Microfinance Banks Over Regulatory Breaches
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks over their failure to meet regulatory requirements for continued...
Cash Outside Banks Surges to N5.19 Trillion Despite Nigeria’s Digital Payment Drive
Cash usage in Nigeria remains remarkably strong despite ongoing efforts to promote a cashless economy, with the amount of money held outside the banking...
CBN Targets 95% Financial Inclusion With New Digital Payments Roadmap
The Central Bank of Nigeria has launched an ambitious strategy aimed at expanding financial inclusion, strengthening digital payments, and accelerating the country's transition toward...
CBN Braces for N10.9 Trillion Cash Inflow
Nigeria’s financial system is expected to witness a fresh wave of liquidity in June 2026, with projected inflows reaching N10.9 trillion, driven largely by...
