The maximum amount of over-the-counter (OTC) cash withdrawal for third-party cheques of N150,000.00 presently operational in Lagos has been extended nationwide effective June 1, 2013 for individual and corporate accounts. Further to this, the CBN cashless
The Bankers’ Committee Sunday said the decision earlier reached to suspend all charges accruing from the use of Automated Teller Machines (ATMs) of other banks would be implemented from Monday, December 17.
ABUJA – There are strong indications that President Goodluck Jonathan may eventually yield to popular demand by reneging on an earlier endorsement to the proposed Naira restructuring by the Central Bank of Nigeria (CBN).
THE two chambers of the National Assembly began fresh legislative sessions yesterday and kept on the front burner some issue, which have not ceased raging in the polity. These were the full implementation of the 2012 budget, the status of the Director Gen
THE absence of a consensus on the Federal Government’s proposal to restructure the naira and with patent thorny financial issues on the policy signpost the lack of preparedness of Nigerians to embrace it. There is need for a rethink, in order to avoid unp
To lessen the widespread apathy towards the use of coins, the Central Bank of Nigeria (CBN) will facilitate the introduction of coins into the currencies dispensable by Automated Teller Machines (ATMs).
AFRICAN central banks may soon consider a national mobile payment platform as part of measures to aid international transactions, even as stakeholders in the Nigerian cash-less programme have been tasked on the need to defragment the payment system, to ai
Sanusi Lamido Sanusi, the central bank governor, is a man who elicits a lot of passion, both personally and from the public. A lot of his policy pronouncements, even where they might be well intentioned, tend to be misconstrued and often rub people up the
The Central bank of Nigeria (CBN) recently announced a Currency Restructuring Programme tagged Project CURE Find below Frequently Asked Questions (FAQs) that address the issues being raised regarding the appropriateness of the proposed exercise.