CBN

March 13, (THEWILL) — Nigeria’s banking sector witnessed a significant surge in excess liquidity this week as commercial banks deposited nearly ₦7 trillion with the Central Bank of Nigeria through its Standing Deposit Facility (SDF). The development highlights the...

March 11, (THEWILL) — President Bola Tinubu has nominated former Director-General of the Securities and Exchange Commission (SEC), Lamido Abubakar Yuguda, for appointment as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate. A...

March 09, (THEWILL) — The Central Bank of Nigeria (CBN) has announced that 30 banks have successfully met the new minimum capital requirements introduced under its ongoing banking sector recapitalisation programme, while three others are currently undergoing regulatory verification. The...

March 06, (THEWILL) — The Central Bank of Nigeria (CBN) has announced significant progress in its 2024 banking sector recapitalisation programme, with thirty (30) banks meeting the new minimum capital requirements for their respective licence categories as at Friday,...

March 05, (THEWILL) — Credit to Nigeria’s private sector declined slightly to N75.24 trillion in January 2026, reflecting a slowdown in lending activities at the start of the year, according to the latest Money and Credit Statistics released...

March 03, (THEWILL) — The Central Bank of Nigeria (CBN) has opened a primary market auction for ₦1.05 trillion worth of Treasury bills, aimed largely at refinancing about ₦799 billion of maturing T-bills due at the end of...

March 02, (THEWILL) — Governor Olayemi Cardoso says Nigeria’s foreign reserve position strengthened significantly at the end of 2025, reflecting improved external sector fundamentals and sustained monetary reforms. Speaking after the Monetary Policy Committee meeting and in subsequent remarks, Cardoso...

March 02, (THEWILL) — When the Central Bank of Nigeria trimmed the Monetary Policy Rate from 27 percent to 26.5 percent last week, the move was interpreted in some quarters as a signal that the tightening cycle may be...

February 25, (THEWILL) — The Naira strengthened modestly in Nigeria’s parallel (black) foreign exchange market on Wednesday, following the Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) from 27 percent to 26.5 percent. The...

February 25, (THEWILL) — Nigeria’s banking industry is entering the final stretch of its recapitalisation race, with lenders collectively raising about ₦4 trillion as they work to meet new minimum capital requirements set by the Central Bank of Nigeria...