CBN

CBN Braces for N10.9trn Liquidity Wave as N7.77 Trillion OMO Bills Mature in June

June 02, (THEWILL) — The Central Bank of Nigeria (CBN) is set to face renewed liquidity management challenges in June 2026 as an estimated N10.90 trillion is expected to flow into the financial system, driven largely by the maturity...

CBN Unveils Payment Vision 2028, Targets 95% Financial Inclusion, Digital Payments Growth

June 1 (THEWILL) — The Central Bank of Nigeria (CBN) has launched the Nigeria Payment System Vision (PSV) 2028, an ambitious roadmap aimed at raising financial inclusion to 95 percent of the adult population and strengthening the country’s position...

Banks Increase Lending To Govt By ₦15.66trn In One Year As Private Sector Credit Slows – CBN

June 1 (THEWILL) — Nigerian banks increased their lending to the Federal Government by ₦15.66 trillion over the past year, highlighting a growing preference for public-sector exposure amid weaker credit growth to businesses and households. According to the Central Bank...

CBN’s 26.5% Rate Hold Keeps Commercial Papers Attractive Despite High Borrowing Costs

May 27, (THEWILL) — The Central Bank of Nigeria’s decision to retain the Monetary Policy Rate (MPR) at 26.5 percent is expected to sustain strong investor appetite for commercial papers (CPs), while keeping borrowing costs elevated for corporates seeking...

Cash Outside Banks Drops by N104bn After CBN’s February Rate Cut

May 27, (THEWILL) — Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026, following the Central Bank of Nigeria’s decision to reduce interest rates at its first Monetary Policy Committee meeting of...

Private Sector Credit Falls By Over ₦14trn Despite CBN Rate Cut

May 26 (THEWILL) — Nigeria’s private sector credit declined sharply by more than ₦14 trillion within two months, highlighting growing weaknesses in lending to productive sectors of the economy despite the Central Bank of Nigeria’s earlier monetary policy easing. Latest...

Cardoso Maintains the Stance as CBN Keeps 26.5% Rate in Response to Inflation Resurgence, Signs of Slowing Growth

May 24, (THEWILL) — The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has unanimously voted to retain the Monetary Policy Rate (MPR) at 26.50 percent, choosing caution over monetary easing as inflation resumed its upward climb and economic...

CBN Retains Interest Rate At 26.5% As MPC Signals Confidence In Economic Stability

May 20, (THEWILL) — The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5 percent, reaffirming the apex bank’s cautious but confidence-driven approach towards sustaining macroeconomic stability, curbing...

CBN Opens ₦650bn Treasury Bills Auction As Investors Eye Higher Yields

May 19, (THEWILL) — The Central Bank of Nigeria (CBN) has announced a fresh ₦650 billion Nigerian Treasury Bills (NTBs) auction scheduled for Wednesday, May 20, 2026, as part of the Federal Government’s second-quarter domestic borrowing programme. The auction, disclosed...

Chapel Hill Denham: CBN Rules Give Foreign Banks Competitive Edge Over Nigerian Lenders

May 18, (THEWILL) — Investment banking and research firm, Chapel Hill Denham, has raised concerns over the Central Bank of Nigeria’s (CBN) banking structure, saying the current framework places Nigerian lenders at a disadvantage, while giving foreign banks and...
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Father, 33-Year-Old Son Arrested Over Alleged FCTA Promotion Exam Fraud

The incident occurred on Wednesday, the third day of the promotion examination being conducted by the FCT Civil Service Commission.
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