Nigerians Criticize CBN’s New ATM Withdrawal Fees
Nigerians have voiced strong opposition to the Central Bank of Nigeria’s (CBN) newly implemented ATM withdrawal charges, which took effect on Saturday, March 1, 2025. The revised fee structure, which eliminates previously allowed free transactions, has sparked widespread dissatisfaction among bank customers already grappling with economic hardships. According to the new policy, customers withdrawing money […]
Monetary Policy Committee Reduces Central Bank Rate to 11.25%
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has cut the Central Bank Rate (CBR) from 12% to 11.25% following its meeting on December 5, 2024. The decision aims to support economic activity, maintain exchange rate stability, and anchor inflation expectations amidst evolving global and domestic economic conditions. The MPC noted […]