CBN

March 16, (THEWILL) — Currency held outside Nigeria’s banking system dropped by about ₦198 billion, reflecting a slight moderation in cash demand and tightening liquidity conditions in the financial system. Latest money and credit statistics released by the Central Bank...

March 13, (THEWILL) — The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to place Bank Verification Numbers (BVNs) linked to suspected fraudulent transactions on a temporary 24-hour watchlist, as part of new measures to...

March 13, (THEWILL) — The Central Bank of Nigeria (CBN) has unveiled new guidelines to enhance the security and operational efficiency of instant payment services across the country. In a circular addressed to banks, other financial institutions, and payment...

March 13, (THEWILL) — The Central Bank of Nigeria (CBN) has taken decisive action to protect the stability of the nation’s banking system by directing banks to restrict access to credit and certain financial services for borrowers with large...

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...