central bank of nigeria

  1. CBN Scraps Cash Deposit Limits, Raises Weekly Withdrawal Ceiling to ₦500,000

    Nigeria CBN Scraps Cash Deposit Limits, Raises Weekly Withdrawal Ceiling to ₦500,000

    The Digest: The Central Bank of Nigeria has abolished cash deposit ceilings and raised weekly withdrawal limits, recalibrating the rules of financial engagement in Nigeria's cash-driven economy. This move, rooted in the storm of managing physical currency, seeks to balance cost, security, and...
  2. Deadlines separate talkers from doers: Naira Gains as BDC Recapitalisation Deadline Hits

    Nigeria Deadlines separate talkers from doers: Naira Gains as BDC Recapitalisation Deadline Hits

    The Central Bank of Nigeria demanded that Bureau De Change operators raise billions in capital or lose their licenses, and most thought it was negotiable. They were wrong. As the June 3 deadline arrived with only 10% of over 5,000 BDC operators meeting requirements, the naira responded with...
    • Nigerian Bulletin
    • Article
    • 1 min read
    • central bank of nigeria naira to dollar rate nigeria bdc
    • Category: Business
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