CBN

March 26, (THEWILL) — Nigeria’s banking system liquidity remained above ₦8 trillion despite a ₦2.36 trillion mop-up by the Central Bank of Nigeria (CBN), highlighting persistent excess funds in the financial system. Mid-week data following the CBN’s OMO auction on...

March 25, (THEWILL) — Nigeria’s financial system received a boost of confidence on Wednesday as the Central Bank of Nigeria (CBN) reassured the public of the continued stability of Union Bank of Nigeria Plc following a recent court ruling,...

March 25, (THEWILL) — Nigeria’s financial system received a boost of confidence on Wednesday as the Central Bank of Nigeria (CBN) reassured the public of the continued stability of Union Bank of Nigeria Plc following a recent court ruling,...

March 25, (THEWILL) — The Central Bank of Nigeria (CBN) has reassured Nigerians that there is no cause for alarm over the ongoing bank recapitalisation exercise, affirming that depositors’ funds remain fully protected as the March 31 deadline for...

March 25, (THEWILL) — A Federal High Court sitting in Lagos has ruled that the Central Bank of Nigeria (CBN) acted beyond its statutory powers in dissolving the board and management of Union Bank of Nigeria, declaring the action...

March 25, (THEWILL) — The Central Bank of Nigeria has introduced new measures to strengthen oversight of diaspora remittances, directing all international money transfer operators (IMTOs) to route transactions through designated naira settlement accounts with authorised dealer banks. The directive,...

March 23, (THEWILL) — Nigeria’s monetary authorities have renewed their focus on price stability, with the Central Bank of Nigeria (CBN) signalling a strong commitment to achieving single-digit inflation in the medium term. Inflation has remained a persistent challenge in...

March 18, (THEWILL) — Deposit money banks have begun adjusting savings rates following the recent Monetary Policy Rate cut by the Central Bank of Nigeria (CBN), with the benchmark savings deposit rate now at 7.95 percent per annum, representing...

March 18, (THEWILL) — The Central Bank of Nigeria (CBN) is set to raise ₦1.05 trillion at a Treasury Bills auction scheduled for March 18, bringing total short-term borrowing by the Federal Government to nearly ₦3 trillion within...

March 17, (THEWILL) — Nigeria’s payment system has experienced dramatic growth over the past decade, driven by regulatory reforms from the Central Bank of Nigeria (CBN) and technological innovation by the Nigeria Inter‑Bank Settlement System (NIBSS). The backbone of the...