10 results
- 30 Jul 2013
NIpost, CBN Evaluate Partnership on Cash Less Regime
Nigerian Postal Service (Nipost), said the collaboration between Nipost and Central Bank of Nigeria (CBN) on cash less policy was undergoing evaluation. Alhaji Ibrahim Baba, postmaster-general told…
- 12 Jan 2013
Experts Thump Up CBN’s Cashless Policy
The cash-less policy of the Central Bank of Nigeria (CBN) designed to reduce cash-based transactions is working despite the teething problems according to some experts who spoke to Nigeria…
- 1 Dec 2024
CBN to Penalize Banks for Failing to Address ATM Cash Shortages
Central Bank of Nigeria (CBN) has warned that it will impose severe penalties on banks failing to address the ongoing cash scarcity at automated teller machines (ATMs). Olayemi Cardoso, the CBN…
- 6 Feb 2012
FirstBank Holds 31% of Card Market, Poised for Cashless Regime
First Bank plc, Nigeria’s oldest commercial bank, said it was ready to fully implement the recently introduced ‘cash-less’ policy announced by the central bank of Nigeria (CBN) on the…
- 4 Jan 2017
CBN Rolls Out New e-Payment Pricing Policy
The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) and is expected to implement a new pricing regime on electronic transactions by the second quarter of the year. MSC…
- 30 Oct 2025
Nigerian Banks and the Culture of Concealment: How Financial Results Are Being Cooked to Hide Losses
In Nigeria’s banking industry, profit has become more a press release than a performance. Every results season, the same storyline plays out with record profits, rising assets, and promises of…
- 10 Aug 2021
e-Naira: CBN to Fortify Nigeria’s Digital Currency
Central Bank of Nigeria (CBN) has described the e-Naira, Nigeria’s proposed digital currency as a critical national infrastructure, a term used by governments to describe assets that are essential…
- 12 Mar 2013
CBN Imposes N150, 000 Cheque Withdrawal Limit Nationwide
Central Bank of Nigeria (CBN) said that it will from June 1, implement a policy that places N150,000 limit on all over-the-counter cheque withdrawals in commercial banks, microfinance banks and…
- 2 Nov 2022
Afrinvest Affirms Nigerian Banks as Resilient Despite Economic Downturn
The 2022 Afrinvest Banking Sector Report has revealed that despite daunting economic challenges, commercial banks in the country recorded modest improvement in all regulatory indicators. The report,…
- 20 Nov 2013
CBN to Cut Naira Supply Next Year Ahead of 2015 Polls
Central Bank of Nigeria (CBN) may further reduce money supply next year under her new tighter monetary policy for the 2014 fiscal year, in a bid to check the excessive pressure on prices due to the…