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Business

CBN sets N1.2m daily limit for PoS agents

The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N1.2 million for Point of Sales (PoS) agents as part of...
Cover Stories

CBN to retire 1,000 staff

The Central Bank of Nigeria (CBN) is reportedly set to retire approximately 1,000 employees as part of a strategic workforce realignment, with a severance...
Business

CBN raises interest rate to 27.50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously decided to further increase the country’s monetary policy interest rate...
News

Federal High Court blocks CBN from releasing funds to Rivers State

Justice Joyce Abdulmalik of the Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to stop releasing monthly financial allocations...
News

Jonathan discloses real cause of Sanusi’s removal from CBN

Former President Goodluck Jonathan has revealed that the suspension of Sanusi Lamido Sanusi from his position as governor of the Central Bank of Nigeria...
Business

6 key reasons behind Providus Bank, Unity Bank’s merger

In a move set to reshape Nigeria's banking landscape, the Central Bank of Nigeria (CBN) has approved a groundbreaking merger between Providus Bank and...
News

CBN approves financial support for Unity Bank, Providus Bank merger

The Central Bank of Nigeria (CBN) has approved financial support to facilitate the proposed merger between Unity Bank Plc and Providus Bank Limited. This...
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