CBN

April 03, (THEWILL) – The Central Bank of Nigeria has debunked reports suggesting plans to introduce N5,000 and N10,000 banknotes, describing them as false and misleading. The apex bank’s response follows the circulation of misinformation alleging that the CBN intends...

April 01, (THEWILL) – The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. A...

March 13, (THEWILL) – The Deputy Governor, Corporate Services Directorate of the Central Bank of Nigeria (CBN), Ms. Emem Usoro, has reiterated the Bank’s commitment to bold, data-driven policies aimed at expanding financial access, driving investment, and fostering a...

March 11, (THEWILL) – The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the implementation of the recently announced increase in Automated Teller Machine (ATM) transaction charges. The CBN had stated that, effective...

March 05, (THEWILL) –The Central Bank of Nigeria  has appointed 16 directors, including Abdullahi Hamisu, to oversee key departments such as Monetary Policy, Trade and Exchange, Banking Supervision, Payment Systems, and Consumer Protection, among others. The appointments, which take effect...

March 02, (THEWILL) – The Central Bank of Nigeria has reiterated its commitment to maintaining a transparent and resilient financial system by strengthening regulatory compliance and risk management across the country’s financial institutions. Speaking at a high-level Mandatory...

February 23, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the Bank's commitment to strengthening economic cooperation between Nigeria and the Kingdom of Saudi Arabia. Cardoso made the commitment during a...

February 20, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 27.50%. At the last 298th MPC meeting held on November 25 and 26, 2024, the apex bank...

February 19, (THEWILL) – The Central Bank of Nigeria has instructed all deposit money banks and other financial institutions to publish details of dormant accounts, including the names of account holders, account types, and branch locations, on their official...

February 18, (THEWILL) – The Central Bank of Nigeria (CBN) has directed bank directors with non-performing insider-related loans to step down immediately from the board. A circular signed on Monday by Adetona Adedeji, the CBN's acting director of banking supervision,...