CBN

April 17, (THEWILL) — The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has introduced the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for Nigeria’s money market, a move to improve transparency,...

April 17, (THEWILL) — Nigeria’s Net Domestic Assets (NDA) recorded a strong year-on-year increase, rising by about 21 percent to ₦94.74 trillion in February 2026 from ₦78.18 trillion in the same period of 2025, reflecting expanding liquidity within...

April 10, (THEWILL) — Nigeria’s agent banking ecosystem is entering a new phase, following updated guidelines by the Central Bank of Nigeria (CBN), to address long-standing issues such as fraud, failed transactions, and inconsistent service delivery. Introduced on April...

April 10, (THEWILL) — The Central Bank of Nigeria (CBN) has debunked viral claims suggesting the introduction of a ₦5,000 banknote featuring the portrait of President Bola Tinubu, describing the widely circulated image as fake and misleading, while...

April 06, (THEWILL) — Custodian Investment Plc paid a total of N419.13 million in penalties to the Central Bank of Nigeria (CBN) and other regulators for contraventions recorded in the 2025 financial year, representing a sharp increase from N19.17...

April 01, (THEWILL) — The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalisation programme, revealing that Nigerian banks collectively raised ₦4.65 trillion in new capital over the 24-month exercise aimed at strengthening the...

April 01, (THEWILL) — The Central Bank of Nigeria has issued a directive requiring banks and other financial institutions to strengthen their cybersecurity frameworks within a defined compliance timeline as part of efforts to protect Nigeria’s financial system from...

March 29, (THEWILL) — The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has disclosed that the country’s Ways & Means portfolio has been decimated to N2.84 trillion, against the N26.95 trillion mark inherited by the current...

March 27, (THEWILL) — The Central Bank of Nigeria (CBN) has directed banks to deny certain banking services and additional credit facilities to borrowers with non-performing loans, in a move to strengthen credit discipline across the financial system. In...

March 26, (THEWILL) — The Central Bank of Nigeria (CBN) trimmed stop rates on longer-dated Treasury bills at its March 25 auction, even as investors flooded the market with ₦2.7 trillion in bids, underscoring strong appetite amid excess liquidity. Stop...