CBN

November 16, (THEWILL) — The Socio-Economic Rights and Accountability Project (SERAP) has urged Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), “to promptly account for and explain the whereabouts of the missing or diverted N3 trillion...

November 16, (THEWILL) — The decision of the Central Bank of Nigeria to embark on aggressive interest rate hikes boosted investors’ demand for fixed income instruments in 2024, the President, Association of Issuing Houses of Nigeria, Kemi Awodein, has...

November 06, (THEWILL) — The Central Bank of Nigeria (CBN) has announced a sweeping overhaul of the country’s fixed-income market, a move aimed at enhancing transparency, efficiency, and monetary policy transmission, but one that has ignited tensions with market...

October 27, (THEWILL) — Currency dealers across Nigeria’s Bureau de Change (BDC) network are facing mounting pressure as the Central Bank of Nigeria (CBN) reduces U.S. dollar allocations — a move that has drained market liquidity and raised...

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...