Tag: CBN
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DMBs And PoS Operators Conniving To Create Naira Scarcity- CBN
Deposit Money Banks and Point of Sale operators have been warned over the scarcity of cash being witnessed in some parts of the country.
The...
Suspending cash deposit fees will lighten the load on SMEs – CBN
The Central Bank of Nigeria (CBN) has decided to suspend processing fees on cash deposits beyond certain levels. Dr. Chinyere Almona, the Director-General of...
CBN Responds to Cash Crunch by Suspending Levies on Large Deposits
The Central Bank of Nigeria (CBN) reversed course yesterday and stopped imposing "penalties" on deposits over N500,000 for individuals and N3 million for corporate...
There Is No Shortage Of Naira Notes – CBN Assures Nigerians
The Central Bank of Nigeria (CBN) has said that the reasons behind the scarcity of naira notes in the country was caused by large...
Fresh Cash Scarcity Resurfaces in FCT Amid CBN’s Assurance Of No Deadline
Amidst the recent cash crunch that led to the untold hardship and loss of some lives across the country, fresh cash scarcity seems to...
