CBN

February 24, (THEWILL) — The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has lowered the Monetary Policy Rate by 50 basis points from 27% to 26.5%, signalling a cautious shift toward monetary easing amid evolving economic...

February 20, (THEWILL) —The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has warned that the rapid growth of stablecoins and private digital payment platforms could heighten foreign exchange volatility and weaken monetary policy effectiveness in emerging economies. Cardoso...

February 18, (THEWILL) — The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has called for deeper collaboration among African central banks and development finance institutions to accelerate growth, industrialisation, and job creation across the continent while...

February 17, (THEWILL) — The Nigeria Customs Service has moved to clear up confusion over who determines the foreign exchange rates used in valuing imported and exported goods at Nigerian ports, emphasising that it does not set or...

February 16, (THEWILL) — The Nigeria Customs Service (NCS) has clarified public concerns over foreign exchange rates and Customs valuation practices, reaffirming that all rates applied in import and export transactions come directly from the Central Bank of Nigeria...

Governors of central banks from 12 West African countries, including the Governor of the Central Bank of Nigeria (CBN), are meeting in Monrovia, Liberia, to advance technical and institutional preparations for the launch of the long-awaited Eco regional currency...

February 11, (THEWILL) — The Central Bank of Nigeria (CBN) has reopened the foreign exchange (FX) sales window to Bureau De Change (BDC) operators in a renewed effort to narrow the widening gap between the official and parallel market...

February 10, (THEWILL) — The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM) as part of efforts to improve foreign exchange liquidity in the...

February 10, (THEWILL) — The Central Bank of Nigeria (CBN) has announced that it will hold the 304th meeting of its Monetary Policy Committee (MPC) on Monday and Tuesday, February 23 and 24, 2026. A circular published on its official...

February 09, (THEWILL) — Nigeria has introduced new rules that require failed airtime and data purchases to be reversed or refunded within 30 seconds. This is in the course of tightening consumer protection in its telecoms and digital payments...