CBN

February 09, (THEWILL) — The Bank of Industry (BoI) has secured approval from the Central Bank of Nigeria (CBN) to operate a non-interest banking window, marking a significant step in expanding alternative financing options for businesses. The approval allows BoI...

February 05, (THEWILL) — Nigeria’s private sector activity expanded for the 14th consecutive month in January 2026, as the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) rose to 55.7, signalling sustained growth across key sectors of the...

February 04, (THEWILL) — The Central Bank of Nigeria (CBN) intensified its tight monetary stance in January 2026, withdrawing an estimated ₦15 trillion from the financial system in one of its most aggressive liquidity-sterilisation efforts in recent years, as...

February 02, (THEWILL) — The Central Bank of Nigeria (CBN) has issued a comprehensive fintech industry assessment, signalling a new strategic phase for the country’s rapidly evolving digital finance ecosystem. The report, titled “Shaping the Future of Fintech in...

January 29, (THEWILL) — Growing signs of macroeconomic stabilisation in Nigeria are fueling calls from economists, business leaders, and financial market analysts for the Central Bank of Nigeria (CBN) to begin easing its tight monetary policy stance to...

January 27, (THEWILL) — The Central Bank of Nigeria (CBN) has upgraded several leading fintech firms, including OPay, Moniepoint, and PalmPay, to national payment licences, marking a major step in the regulator’s effort to deepen financial inclusion and strengthen...

January 22, (THEWILL) — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that the apex bank’s tight monetary policy stance has helped reduce Nigeria’s inflation rate by about 10 percentage points, underscoring the...

January 22, (THEWILL) — The Central Bank of Nigeria (CBN) has directed deposit money banks to strengthen and accelerate their response to emerging fraud risks, warning that delays in detection and reporting could undermine confidence in the financial...

January 20, (THEWILL) — The Central Bank of Nigeria (CBN) has reported an expansion in credit to the private sector alongside a rise in loan defaults in the fourth quarter of 2025, reflecting both improved lending activity and...

January 16, (THEWILL) — Sterling Bank, Ecobank, and 22 other deposit money banks have met the recapitalisation thresholds set by the Central Bank of Nigeria (CBN), well ahead of the 2026 compliance deadline. The development signals growing preparedness within Nigeria’s...