CBN

CBN Moves To Close FX Rate Gap, Reopens Window To BDCs

February 11, (THEWILL) — The Central Bank of Nigeria (CBN) has reopened the foreign exchange (FX) sales window to Bureau De Change (BDC) operators in a renewed effort to narrow the widening gap between the official and parallel market...

CBN Okays Weekly FX Sale of $150k to Licensed BDCs

February 10, (THEWILL) — The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM) as part of efforts to improve foreign exchange liquidity in the...

CBN To Hold 304th Monetary Policy Committee Meeting February 23–24

February 10, (THEWILL) — The Central Bank of Nigeria (CBN) has announced that it will hold the 304th meeting of its Monetary Policy Committee (MPC) on Monday and Tuesday, February 23 and 24, 2026. A circular published on its official...

CBN, NCC Set New Rules on Refund for Failed Airtime, Data Transactions

February 09, (THEWILL) — Nigeria has introduced new rules that require failed airtime and data purchases to be reversed or refunded within 30 seconds. This is in the course of tightening consumer protection in its telecoms and digital payments...

CBN Approves BoI’s Non-Interest Banking Window

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...

CBN PMI Rises To 55.7 In January, Marks 14 Months Of Economic ExpansionRrrrr

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...

CBN Deepens Monetary Tightening, Mops Up ₦15trn in January

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...

CBN Releases Fintech Report On Nigeria’s Digital Finance Growth

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...

Calls Grow For Rate Cut As Economy Stabilises

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...

CBN Grants National Licences To OPay, Moniepoint, PalmPay In Fintech Push

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...
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Rwanda Set To Make Formula 1 History With 2030 Grand Prix As Africa Awaits Return

Formula 1 is reportedly on course to return to Africa for the first time in more than three decades, with Rwanda set to join the calendar in 2030 after reaching an agreement to host a Grand Prix.
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