The Central Bank of Nigeria (CBN) has released fresh cash withdrawal rules that will take effect in January 2026. The move ends the special approval that once allowed individuals to withdraw N5 million and companies N10 million once every month. In the circular signed by the Director of the Financial Policy and Regulation Department, Rita…
No fewer than 14 Nigerian commercial banks are yet to meet the Central Bank of Nigeria’s recapitalisation requirement as the 31st March 2026 deadline inches closer. This follows CBN Governor, Olayemi Cardoso’s announcement on Tuesday that sixteen Nigerian banks have met their recapitalisation requirement ahead of the apex bank’s March 2026 deadline. DAILY POST reports…
By Kelvin Obambon Payment system innovations and financial inclusion were key highlights at the Central Bank of Nigeria (CBN) Fair held in Calabar, Cross River State, on Thursday, October 9, 2025. The Fair which focused on the theme “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development,” showcased the…