Central Bank

Federal Authorities Emphasize Financial System Stability Amid Economic Reforms

Posted on by Newswire & Public Relations Agency
Federal Authorities Emphasize Financial System Stability Amid Economic Reforms

Nigeria’s fiscal and monetary authorities have reiterated their commitment to maintaining financial system stability as economic reforms progress. Officials highlighted the role of prudent fiscal management, robust banking supervision, and policy coordination in safeguarding confidence. The Central Bank of Nigeria continues to prioritize capital adequacy, risk-based supervision, and oversight of digital financial services. Market participants described the regulatory stance as essential for preserving systemic resilience. Africa Signal Financial Analysts note that a stable financial system…

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Nigeria’s New Cash Withdrawal Caps Signal a Stronger Push Toward Cashless Economy

Posted on by Newsroom Operations
Nigeria’s New Cash Withdrawal Caps Signal a Stronger Push Toward Cashless Economy

Abuja — The Central Bank of Nigeria has introduced new cash withdrawal limits that will take effect on 1 January 2026, marking one of the most significant shifts in the nation’s cash management policy in recent years. The revised framework limits individual account holders to weekly cash withdrawals of up to six hundred thousand naira, while corporate organisations will be capped at five million naira per week. Withdrawals that exceed these thresholds will attract processing…

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