CBN

December 12, (THEWILL) — The Central Bank of Nigeria (CBN) has issued a one-month deadline to Point of Sale (PoS) operators and other payment service providers to ensure full compliance with the mandatory dual connectivity requirement for all PoS...

December 11, (THEWILL) — The Central Bank of Nigeria (CBN) has introduced a new directive limiting the cash component of Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) disbursements to 25 percent of the total approved amount. The...

December 09, (THEWILL) — The Central Bank of Nigeria (CBN) has confirmed the approval of final operating licences for 82 Bureaux De Change under its updated regulatory framework, cautioning Nigerians to avoid patronising unlicensed foreign exchange dealers. The approval...

December 08, (THEWILL) — The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under the revised Regulatory and Supervisory Guidelines for BDC operations, marking a significant step in the apex bank’s...

December 03, (THEWILL) — The Central Bank of Nigeria (CBN) has announced sweeping changes to the country’s cash-handling regulations, removing the limit on cash deposits and raising the cumulative weekly cash withdrawal limit across all channels for individuals from...

December 01, (THEWILL) — Nigeria’s latest audit has revealed that the Central Bank of Nigeria (CBN) failed to recover N629.04 billion loaned out under the Anchor Borrowers’ Programme (ABP), raising serious concerns about transparency, accountability, and the sustainability of...

November 30, (THEWILL) — The Central Bank of Nigeria’s Monetary Policy Committee (MPC) ended its 303rd meeting on Tuesday, November 25, 2025, with a cautious but deliberate shift. It held the Monetary Policy Rate (MPR) at 27%, maintained the...

November 28, (THEWILL) — The Central Bank of Nigeria (CBN) has ordered all commercial, merchant, and payment-service banks to immediately withdraw any misleading, exaggerated, or non-compliant advertisements, following a rising number of promotional materials that the regulator says could...

November 25, (THEWILL) — The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27 per cent. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday in...

November 25, (THEWILL) — The Central Bank of Nigeria (CBN) has proposed stricter sanctions for individuals who repeatedly issue dud cheques, including an automatic five-year ban each time a repeat offence occurs. The measure is part of a new...