CBN

October 27, (THEWILL) — The Central Bank of Nigeria (CBN) says Nigeria’s removal from the Financial Action Task Force (FATF) grey list will enhance investor confidence, ease access to global finance, and strengthen the credibility of the country’s...

October 24, (THEWILL) — The Central Bank of Nigeria (CBN) has issued fresh directives to commercial banks and financial institutions to expand their Automated Teller Machine (ATM) networks nationwide, as part of a new policy aimed at improving cash...

October 22, (THEWILL) — The Nigerian naira climbed modestly this week, signalling a sign of market resilience even as foreign-exchange (FX) inflows collapsed by 32.9% year-on-week, a stark reminder of the dual pressures the currency now faces. Data from the...

October 17, (THEWILL) — The Central Bank of Nigeria (CBN) is preparing to relaunch a long-standing plan to allow bilateral trade in local currencies after earlier attempts failed to yield desired results, Olayemi Cardoso has announced. Speaking...

October 17, (THEWILL) — The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to strengthen bilateral technical cooperation between both institutions. The agreement, aimed at promoting knowledge exchange, improving regulatory coordination,...

October 13, (THEWILL) — The Central Bank of Nigeria (CBN) has released new draft guidelines mandating instant refunds for failed Automated Teller Machine (ATM) transactions. A circular signed by the Director of Payments System Policy Department, Musa I. Jimoh, said...

October 09, (THEWILL) — The Central Bank of Nigeria’s (CBN) intensified liquidity mop-up has caused commercial banks’ placements in its Standing Deposit Facility (SDF) to plunge by 42.3 percent within a week — from N6.07 trillion on October 2,...

October 08, (THEWILL) — The Central Bank of Nigeria (CBN) has reaffirmed its commitment to sustaining monetary policies and economic reforms introduced by President Bola Tinubu, assuring that the measures are already yielding positive results in stabilising the economy. CBN...

October 07, (THEWILL) — The Central Bank of Nigeria has imposed a ₦5m fine on operators involved in illegal agent-banking activities, in what analysts describe as part of efforts to sanitise the country’s fast-growing but loosely regulated point-of-sale (POS)...

October 07, (THEWILL) — The Central Bank of Nigeria (CBN) has announced new guidelines for Point-of-Sale (POS) agents across the country, introducing a daily transaction limit of N1.2 million as part of efforts to strengthen oversight and standardise operations...