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   Market Date: 23-01-2015   
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  1. Complying with CBN’s Policy on Cashless Economy

    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
  2. CBN: Removal of ATM Charges Effective Next Monday

    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.
  3. FG Steps Down the N5,000 Note by CBN

    President Goodluck Jonathan has suspended the planned introduction of the controversial single N5000 note. This was confirmed this evening with the presidency in a chat with
  4. GEJ May Reverse Introduction Of Single N5,000 Note

    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).
  5. NASS rejects N5,000, bemoans nation’s huge debts

    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
  6. Naira Restructuring - Matters Arising

    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
  7. CBN Planning Coin-Dispensing ATMs

    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).
  8. African central banks to adopt national mobile payment platform

    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
  9. The Battered Nigerian Naira and ‘Project Cure’

    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
  10. Facts and FAQs on Currency Restructuring - CBN

    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.
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