The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said that the 2.3 per cent loss recorded in naira’s value is not significant, compared to what other emerging markets lost this year. Sanusi, who spoke at the 75th anniversary of the Ikoyi Club in Lagos, said every […]
Tag: Central Bank of Nigeria
Finally Cashless Policy Takes off in Abuja, Others
Residents of Abuja, Kano and the four other states where the Central Bank of Nigeria (CBN) recently included in the cashless policy, that wish to withdraw or lodge cash above the prescribed limits will have to pay the associated penal fees from today. The other states are Rivers, Ogun, Abia […]
1st Bank Enforces Charges on Cash Policy
First Bank of Nigeria has said it would, from October 1, begin implementation of the cashless policy of the Central Bank of Nigeria, which stipulates that banks should charge customers for every cash deposit and withdrawal exceeding N500,000 for individuals and N3 million for corporate organisations. The CBN directive on […]
