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CBN Junior Tennis Champ’ship: Atilola’s Fairy-Tale Run Ends In Final

CBN Junior Tennis Champ’ship: Atilola’s Fairy-Tale Run Ends In Final

Rising tennis prodigy Mofi Atilola’s dream of securing a rare double title at the CBN Junior Tennis Championship came to a close on Sunday after a spirited performance in the Girls 16 final. Despite her…

Hardship: Reps Call For Suspension Of ATM Transaction Charges

The House of Representatives has called for the immediate suspension of the recent increase in ATM transaction charges and the discontinuation of free ATM withdrawals for customers of other banks imposed by the Central Bank…

CBN Eliminates Free ATM Withdrawals For Other Banks’ Customers

CBN Eliminates Free ATM Withdrawals For Other Banks’ Customers

The Central Bank of Nigeria (CBN) has announced it eliminated the three free monthly withdrawals previously allowed for customers using other banks’ Automated Teller Machines (ATMs). According to a circular dated February 10, 2025, and…

CBN Extends Recapitalization Deadline For BDC Operators

CBN Extends Recapitalization Deadline For BDC Operators

The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalization of Bureau De Change (BDC) operators from December 3, 2024, to June 3, 2025. Aminu Gwadabe, the President of the Association of…

Moghalu Charges Tinubu Over Economic Hardship, Says Hope Not A Strategy

Moghalu Charges Tinubu Over Economic Hardship, Says Hope Not A Strategy

Amid the growing economic hardship and worsening food security occasioned by the removal of fuel subsidy, the former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu has claimed that there is no…

BREAKING: CBN Reintroduces Cybersecurity Levy On Electronic Transactions

BREAKING: CBN Reintroduces Cybersecurity Levy On Electronic Transactions

The Central Bank of Nigeria (CBN) on Wednesday announced its plan to re-introduce and enforce the payment of the Cybersecurity Levy on electronic transactions by Nigerians. This development was announced in its Monetary, Credit, Foreign…

CBN: Fuel Subsidy, Import Costs, External Debt Pose Risk To External Reserves

CBN: Fuel Subsidy, Import Costs, External Debt Pose Risk To External Reserves

The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidy, rising import costs, and increased external debt servicing could negatively impact the growth of the nation’s external reserves in 2024/2025. This…

CBN To Sell $20k To Eligible BDCs At N1580/$ To Meet Market Demand

CBN To Sell $20k To Eligible BDCs At N1580/$ To Meet Market Demand

The Central Bank of Nigeria (CBN) has approved the sale of $20,000 each to legible Bureau De Change (BDCs) operators at N1,580 exchange rate. The Apex Bank made this disclosure in a notice on Friday…

Sacked CBN Staff Sue For Entitlements, Damages

Sacked CBN Staff Sue For Entitlements, Damages

No fewer than 100 sacked staff of the Central Bank of Nigeria (CBN) have dragged the apex bank to the National Industrial Court (NIC) seeking payment for damages. Saturday Telegraph recalls that about 200 bank…

Moghalu Faults CBN For Direct Funding Of SMEs, MSMEs

Moghalu Faults CBN For Direct Funding Of SMEs, MSMEs

Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has reeled out reasons why the apex bank should not directly funds the Small and Medium Enterprises (SMEs) and Micro, Small and Medium…