Tag: CBN
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CBN Withdraws N1.14tn From Banking System Through OMO
The Central Bank of Nigeria (CBN) has pulled out about N3.31 trillion currency notes from the banking system through the OMO auction on October...
CBN Mops Up N12.82tn As OMO Demand Hits N20.58tn In September
The Central Bank of Nigeria (CBN) sold roughly N12.82 trillion through four Open Market Operations auctions last month of September 2022, after attracting tenders...
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...
