Individual and corporate cash withdrawal limitations under CBN’s new policy go into effect today. The Central Bank of Nigeria (CBN) implemented a new regulation capping weekly cash withdrawals at N5 million for businesses and N500,000 for individuals as of December 6, 2022. In addition, cheques sent to a third party in excess of N100,000 can no... Read More

cash withdrawal limits, CBN, Naira redesign, new policy

April 4, 2018

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Facebook to make its terms and data policy clearer without new rights to use people’s data

Facebook has announced a new plan to make its terms and data policy clearer without new rights to use people’s data on the platform. In a statement released by Erin Egan, VP & Chief Privacy Officer, Policy and Ashlie Beringer, VP & Deputy General Counsel today, “It’s important to show people in black and white... Read More

Oluwatosin Olaseinde: With the new forex policy, Nigeria is now open for business (Y! Naira&Kobo)

Finally, details of the much awaited FX market structure announced in the May MPC meetings are here. The CBN has finally addressed its primary function to maintain stability for the country’s price and money, issuing legal currency and maintaining foreign reserves to ensure the international value of the domestic currency. Other functions of the CBN... Read More

’50 Naira Hundred Naira’, Business, CBN, economy, Forex, naira&kobo, new policy, nigeria

CBN’s new policy on cash withdrawal limits goes into effect nationwide

Facebook to make its terms and data policy clearer without new rights to use people’s data

Oluwatosin Olaseinde: With the new forex policy, Nigeria is now open for business (Y! Naira&Kobo)

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