CBN

Business

Nigeria Reaffirms Commitment To Economic Stability At U.S.–Nigeria Business Roundtable

THEWILL. -
December 17, (THEWILL) — Nigeria has reiterated its commitment to macroeconomic stability, policy credibility, and market-driven reforms as the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, engaged senior U.S. business leaders and institutional investors...
Business

CBN Revokes Operational Licences of Aso Savings, Union Homes Mortgage Banks

Felix Ifijeh, THEWILL -
December 16, (THEWILL) — The Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc over persistent regulatory infractions, as part of efforts to strengthen stability...
Features

Nigeria’s Monetary Reforms: What the CBN Has Done — And What Comes Next in 2026

THEWILL -
December 15, (THEWILL) — Nigeria is entering a rare moment of macroeconomic clarity. After years of turbulence marked by FX scarcity, policy inconsistency, and runaway inflation, the Central Bank of Nigeria (CBN) has begun to stitch together what appears...
Business

CBN Partners NCC To Create Short Code To Fast-track Complaint Resolution

THEWILL -
December 14, (THEWILL) — The Central Bank of Nigeria (CBN) has said it is working with the Nigerian Communications Commission (NCC) to create an industry-wide short code that will allow consumers to communicate with their financial institutions anytime, anywhere, with...
Business

CBN Orders PoS Operators To Implement Dual Connectivity Within 30 Days

THEWILL -
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...
Business

CBN Moves To Curb FX Abuse, Limits Cash Travel Allowance To 25%

THEWILL -
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...
Business

CBN Approves 82 BDCs for Effective Monetary Policy Implemetation

Sam Diala, THEWILL -
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...
Business

FX Market Reforms Deepen As CBN Approves 82 Licenced BDCs

Felix Ifijeh, THEWILL -
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...
Business

CBN Lifts Cash Deposit Limit, Raises Weekly Withdrawal Threshold To N500,000

Felix Ifijeh, THEWILL -
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...
Business

Audit Flags CBN’s Failure To Retrieve N629bn From Anchor Borrowers’ Programme

THEWILL -
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...
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NewsFelix Ifijeh, THEWILL -

2027: Don’t Give Away Your Votes – Agbakoba Warns Nigerians Against Another Costly Electoral Mistake

Senior Advocate of Nigeria (SAN) and former President of the Nigerian Bar Association (NBA), Olisa Agbakoba, has urged Nigerians to take the 2027 presidential election seriously, warning voters against surrendering the power of their votes and later bearing the consequences of poor political choices.
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