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CBN had previously issued warnings to banks to comply with cash distribution guidelines and emphasized its efforts to monitor cash hoarding and rationing at bank branches...
The Central Bank of Nigeria (CBN) has clarified that all naira banknotes, including the old and new designs of the ₦1000, ₦500, and ₦200 denominations, as...
In a bid to ensure seamless access to cash through Over-the-Counter (OTC) transactions and Automated Teller Machines (ATMs), the Central Bank of Nigeria (CBN) has released...
Nigeria is once again grappling with a situation many hoped to never revisit—cash scarcity. The country experienced a similar ordeal in early 2023 when the then...
Nigerian banks impose ATM withdrawal limits, linked to cash scarcity. CBN cites substantial withdrawals and panic-driven activity for cash scarcity. Lagos banks reinstate ATM withdrawal restrictions,...
The CBN met with the Nigeria Labour Congress to address cash scarcity concerns after the NLC threatened to shut down all CBN branches. The CBN promised...