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CBN Limits Contactless Payment Channels To ₦50,000 Daily

CBN Limits Contactless Payment Channels To ₦50,000 Daily

The Central Bank of Nigeria (CBN) has announced that the daily cumulative transaction limit is now ₦50,000 and the single transaction limit has been shifted to ₦15,000 for contactless payments made through bank accounts or…

No Plans To Phase Out Redesigned Naira Notes – CBN

No Plans To Phase Out Redesigned Naira Notes – CBN

The Central Bank of Nigeria (CBN) has quashed reports that it planned to phase out the newly redesigned N1, 000, N500, and N200 notes. The CBN Acting Director of the Corporate Communications Department, Dr Isa…

Apex bank’s survey shows firms pessimistic on macro economy

Apex bank’s survey shows firms pessimistic on macro economy

Although the country’s authorities stepped up coronavirus(covid-19) lockdown easing measures during the period, the Central Bank of Nigeria’s (CBN) June 2020 Business Expectations Survey (BES) report indicates that respondent firms expressed pessimism on the macro…