Beyond CBN’s Directive On Foreign Card Acceptance For International Travellers

Post author:Monique
Post published:December 27, 2025
Post category:Tech and Business
Post comments:0 Comments

The Central Bank of Nigeria (CBN) has directed all banks and payment acquirers to configure their ATMs, POS terminals, and virtual channels to accept foreign‑issued cards. The policy was designed…

CBN Scraps Cash Deposit Limits, Raises Weekly Withdrawal Threshold

Post author:Monique
Post published:December 4, 2025
Post category:News
Post comments:0 Comments

The Central Bank of Nigeria (CBN) has removed the limit on cash deposits and raised the weekly cash withdrawal limit across all channels to N500,000, up from N100,000. The apex…

Nigeria posts $6.83bn Balance of Payments surplus in 2024 — CBN

Post author:Monique
Post published:April 10, 2025
Post category:Tech and Business
Post comments:0 Comments

By Babajide Komolafe, Economy Editor The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround…

Circular Introducing New N5,000 And N10,000 Notes Is Fake — CBN

Post author:Monique
Post published:April 3, 2025
Post category:Tech and Business
Post comments:0 Comments

The Central Bank of Nigeria (CBN) has disowned a circular claiming the introduction of two new denominations—N5,000 and N10,000 notes. The bank described the circular as “fake” in a statement…

Power Generation Faces Downturn, Falls By 1.64%, Says CBN

Post author:Monique
Post published:March 31, 2025
Post category:Tech and Business
Post comments:0 Comments

This marks a reversal from the 5.55% growth recorded in the third quarter of 2024 (Q3 2024). The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024),…