CBN

December 18, (THEWILL) – The Central Bank of Nigeria (CBN) has set a daily withdrawal limit of N100,000 per customer on point-of-sale (PoS) terminals. This is coming amid growing concern that PoS mobile agents are capitalising on lingering cash scarcity...

December 14, (THEWILL) – The Central Bank of Nigeria (CBN) has reiterated that all versions of the naira, including the old and new designs of N1,000, N500, and N200 denominations, as well as the commemorative and previous designs of...

December 04, (THEWILL) - The Central Bank of Nigeria has refuted allegations of a mass forced retirement exercise, stating that its Early Exit Package is a voluntary initiative designed to offer eligible staff an attractive severance option without negative...

December 02, (THEWILL) - The Central Bank of Nigeria is set to retire over 1,000 employees by the end of the year, The retirement exercise is expected to cost the apex bank over ₦50 billion in severance packages. CBN Governor, Olayemi...

December 01, (THEWILL) - The Central Bank of Nigeria is set to launch a newly redesigned website on Monday, December 2, 2024, aimed at improving user experience and access to information. In a statement signed by Mrs. Hakama...

November 26, (THEWILL) - Despite growing discontent among manufacturers about high interest rates, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has again  raised the benchmark interest rate by 25 basis points from 27.25% to 27.50% CBN...

November 24, (THEWILL) - The Central Bank of Nigeria says it will hold its 298th Monetary Policy Committee meeting on Monday, November 25 and Tuesday, November 26, 2024 The apex bank disclosed this in a statement, titled "Notice of...

November 19, (THEWILL) - The Central Bank of Nigeria has issued a strong warning to the public about fraudulent individuals and organisations circulating fake SWIFT messages that falsely claim foreign currencies are being held by Nigerian banks or the...

November 19, (THEWILL) - The Central Bank of Nigeria (CBN) has alerted Nigerians to activities of fraudsters falsely claiming to possess award letters for contracts related to construction projects and special financial interventions, purportedly issued by the apex...

November 17, (THEWILL) - The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). CBN gave the directive in a circular to banks on Friday titled ‘Mystery shopping & spot checks on...