CBN

How to Apply for CBN Grants & Intervention Funds in Nigeria (2025)

| Government & Bank Loans

In Nigeria, the Central Bank of Nigeria (CBN) regularly rolls out intervention funds and grants aimed at supporting small businesses, youth entrepreneurs, farmers, and specific sectors of the economy. These funds are designed to ease access to financing, boost job creation, encourage innovation, and strengthen Nigeria’s economic development. From healthcare support to creative industry financing […]

How to Apply for CBN Grants & Intervention Funds in Nigeria (2025) Read More »

Naira Redesign Policy: Court Strikes Out N1bn Lawsuit Against Buhari, Emefiele, and CBN

| Nigeria News

A N1 billion lawsuit filed against former President Muhammadu Buhari, the immediate past Central Bank of Nigeria (CBN) governor Godwin Emefiele, and the CBN has been struck out by a Federal High Court sitting in Abuja. The suit, which challenged the controversial naira redesign policy and its alleged effects on the fundamental rights of a

Naira Redesign Policy: Court Strikes Out N1bn Lawsuit Against Buhari, Emefiele, and CBN Read More »

CBN Gives Fresh Update On Validity Of Old ₦1000, ₦500, ₦200 Notes

| Nigeria News

The Central Bank of Nigeria (CBN) has announced that all versions of the naira, including the old and new designs of ₦1000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 denomination, remain valid and continue to be legal tender without any deadline. Naturenex reports that CBN, in a

CBN Gives Fresh Update On Validity Of Old ₦1000, ₦500, ₦200 Notes Read More »

BREAKING: Reps Take Action Against Fřaudulent POS Operators

| Nigeria News

The House of Representatives has decided to summon the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, along with the Chief Executive Officers of commercial banks, to discuss solutions to the ongoing issue of unverified Point of Sale (POS) operators across Nigeria. Naturenex reports that this resolution came after the House debated and

BREAKING: Reps Take Action Against Fřaudulent POS Operators Read More »

Kidnapped Housemaid To Late CBN Staff Breaks Silence After Surviving Being Thrown In A River

| Politics

Many hours after a staff of the Central Bank of Nigeria named Mr. Kehinde Fatinoye and his wife were set ablaze at their residence in Abeokuta, their housemaid, who was kidnapped alongside the deceased’s son, breaks silence. The housemaid, who was spotted with officers of the Ogun state’s Police command, broke silence saying, “after attacking

Kidnapped Housemaid To Late CBN Staff Breaks Silence After Surviving Being Thrown In A River Read More »

Emefiele Gets 72-hour Ultimatum To Resign Or Be Sacked By Buhari

| Politics

The Central Bank of of Nigeria (CBN) Governor, Godwin Emefiele, has been issued a 72-hour ultimatum or be removed by President Muhammadu Buhari through the National Assembly. The ultimatum was issued on Friday by over 30 civil society organizations following allegations of “terrorism financing and economic crimes” leveled against the CBN governor by Nigeria’s State

Emefiele Gets 72-hour Ultimatum To Resign Or Be Sacked By Buhari Read More »

Massive Protests In Abuja Over Alleged Terrorism Charge By DSS Against CBN Governor

| Politics

Massive protests have hit the streets of Abuja following the discovery of a suit allegedly filed by the Department of State Service (DSS) wherein it accused Mr. Godwin Emefiele of terrorism financing as well as other crimes it described as economic crimes of national security dimension. The protesters comprising Buhari Legacy Defenders, Arewa Youth Consultative

Massive Protests In Abuja Over Alleged Terrorism Charge By DSS Against CBN Governor Read More »

‘PoS Operators Are Not Endangered,’ CBN Gives Conditions For Bulk Withdrawal

| Politics

The Central Bank of Nigeria (CBN) has countered claims that its new policy limiting cash withdrawals is targeted at point-of-sales (PoS) agents in particular. Though the apex bank, on December 6, set the daily withdrawal limit at N100,000 and N500,000 for persons and organisations, respectively, it made allowances for compelling cases to withdraw up to

‘PoS Operators Are Not Endangered,’ CBN Gives Conditions For Bulk Withdrawal Read More »

“I No Dey Collect”: Fruit Seller Rejects CBN’s New Naira Notes From Customer, Video Of His Action Goes Viral

| Politics

TikTok users are reacting to a video of a fruit seller who rejected CBN’s newly introduced Naira notes. The fruit seller was captured in a video that went viral on Thursday, December 15 after it was posted by a TikTok user known as Mama. The fruit seller rejected the new Naira notes. Photo credit: TikTok/@dherbie10. Source: UGC The

“I No Dey Collect”: Fruit Seller Rejects CBN’s New Naira Notes From Customer, Video Of His Action Goes Viral Read More »

House Of Reps Orders CBN To Suspend New Cash Withdrawal Limit

| Politics

The House of Representatives has asked the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January 9, 2023 pending compliance with the provisions of the Act establishing the bank. The House also summoned CBN Governor Godwin Emiefele in accordance with the provisions of the Central Bank Act to

House Of Reps Orders CBN To Suspend New Cash Withdrawal Limit Read More »

CBN Reveals How POS Operators Can Get More Cash Amid New Withdrawal Limits Policy

| Politics

The Central Bank of Nigeria (CBN) said point-of-sale (POS) operators can get more cash for their businesses despite the new withdrawal limits announced a few days ago.  The policy limits over-the-counter cash withdrawals by individuals and businesses to N100,000 and N500,000, respectively, per week. It also limits point-of-sale (POS) and automated teller machines (ATMs) to

CBN Reveals How POS Operators Can Get More Cash Amid New Withdrawal Limits Policy Read More »

Senate President Reacts Over Cash Withdrawal Limit

| Politics

Senators yesterday expressed reservation over the new Central Bank Nigeria (CBN) policy on cash withdrawals, saying it would make many businesses to collapse in the… Senators yesterday expressed reservation over the new Central Bank Nigeria (CBN) policy on cash withdrawals, saying it would make many businesses to collapse in the country. The apex bank, under

Senate President Reacts Over Cash Withdrawal Limit Read More »

List Of Approved Bank Electronic Charges As CBN Limits Cash Withdrawals

| Politics

On Tuesday, December 6, 2022, the Central Bank of Nigeria (CBN) announced fresh cash withdrawal limits on individuals and organisations. The policy will become effective on January 9, 2023, Punch reports. The memo showed individuals will be limited to N100,000 per week in withdrawals (through over-the-counter, point-of-sale, or automated teller machines), while businesses will be

List Of Approved Bank Electronic Charges As CBN Limits Cash Withdrawals Read More »

CBN Policy: ‘How Can You Say I Can’t Access More Than N100,000 In A Week?’ – Adebayo Adams

| Politics

The Lagos state Chairman of the Nigerian Association of Small and Medium Enterprises, Dr Adebayo Adams, has criticized the recent Central Bank of Nigeria, CBN, policy which limited individual and organization cash withdrawal to a maximum of N100,000 and N500,000 weekly (Punch). Speaking recently in reaction to the policy, Adams declared; “How can you say

CBN Policy: ‘How Can You Say I Can’t Access More Than N100,000 In A Week?’ – Adebayo Adams Read More »

BREAKING: After Naira Redesign, Buhari Makes Crucial CBN Appointments

| Politics

President Muhammadu Buhari has nominated Edward Adamu, the director of human resources as the deputy governor of the Central Bank of Nigeria (CBN). Also, the president on Tuesday, December 6, nominated Aisha Ndanusa Ahmad as the apex bank’s deputy governor in another department, Vanguard reports. The president’s nominations letters were read by Senate president Ahmad

BREAKING: After Naira Redesign, Buhari Makes Crucial CBN Appointments Read More »

CBN Governor Emefiele To Be Arrested? Senate Issues Threat With Reason

| Politics

Following what the Senate described as uneven disbursement of N500 billion development fund across the six geo-political zones, it has threatened to issue arrest warrants on the governor of the Central Bank of Nigeria, Godwin Emefiele. The Senate’s Adhoc committee on the issues on Wednesday, November 30, also threatened to issue an arrest warrant on the

CBN Governor Emefiele To Be Arrested? Senate Issues Threat With Reason Read More »

Scroll to Top
Verified by MonsterInsights