FAAN Bans Cash Transaction At Airport From March One
The Federal Airports Authority of Nigeria (FAAN) has announced that cash will no longer be accepted at any of its pay points, including access gates, car parks, and executive lounges, starting Sunday, March 1.
Nigeria Records $20.9bn in Foreign Capital Inflows — CBN Governor
Nigeria has recorded a significant rise in foreign capital inflows this year, reaching $20.98 billion in the first 10 months of 2025, according to Central Bank Governor Olayemi Cardoso. Speaking at the Chartered Institute of Bankers of Nigeria’s 60th annual dinner in Lagos, Mr Cardoso said the figure represents a 70% increase compared with total […]
CBN’s Anchor Borrowers’ Fund Misused in Oil Trading, Luxury Ventures – Bashir Ahmad
A storm is brewing over the Central Bank of Nigeria’s flagship agricultural scheme, the Anchor Borrowers’ Programme (ABP), as new revelations expose widespread fraud, diversion of public funds, and deliberate sabotage of Nigeria’s food security efforts. Truth Live News gathered that, Bashir Ahmad, a former media aide to ex-President Muhammadu Buhari, has sounded the alarm […]
CBN Announces 107% Increase In Nigeria’s Trade Surplus To $2.2bn
The Central Bank of Nigeria, CBN, has disclosed that Nigeria’s trade surplus reached $2.2 billion in January 2025, rising by 107.5 percent month-on-month (MoM) from $1.06 billion in December 2024. The Apex made the disclosure in its Economic Report for January 2025, citing increased value of export and import as the cause of increase in […]
CBN Raises Alarm Over Illicit Naira Transactions, Calls for Urgent Action
The Central Bank of Nigeria (CBN) sounded the alarm over the growing trend of illicit transactions involving banknotes, urging immediate intervention to curb the practice. CBN Governor, Olayemi Cardoso, made this known at the Bank’s Security Workshop held in Abuja on Thursday, where security and law enforcement agencies gathered to address the issue. […]
CBN Increases ATM Charges, Scraps Free Monthly Withdrawals
The Central Bank of Nigeria (CBN) has announced an increase in ATM withdrawal fees, citing rising operational costs and the need for greater efficiency in the banking sector. The revised charges, outlined in a circular signed by John Onojah, acting director of the financial policy and regulation department, will take effect from March 1, 2025. […]