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CBN Introduces Electronic Matching System For FX Transactions

Felix Ifijeh, THEWILL -
October 04, (THEWILL) – The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for all foreign exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM). Set for implementation on December...
Business

CBN Gov Cardoso Champions Africa’s Voice At Bretton Woods 80th Anniversary Forum

Sam Diala, THEWILL -
September 29, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he represented Africa’s interests on the global financial stage. The forum, organised...
Business

CBN Extends Suspension of Cash Deposit Processing Fees Till March 2025

Sam Diala, THEWILL -
September 29, (THEWILL) – The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit processing fees from September 30, 2024 to March 31, 2025. The CBN disclosed this in a letter to banks and other financial institutions...
News

CBN Sells $20,000 To Eligible BDCs At N1,590/$1

Felix Ifijeh, THEWILL -
September 26, (THEWILL) – The Central Bank of Nigeria (CBN) has approved the sale of $20,000 to each eligible Bureau De Change (BDC) at the rate of N1,590 per dollar. The apex bank, in a circular signed on...
Business

BREAKING: CBN Further Raises Interest Rate To 27.25%

Felix Ifijeh, THEWILL -
September 24, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised the benchmark interest rate by 50 basis points from 26.75 percent to 27.25%. CBN Governor, Olayemi Cardoso, who disclosed this...
News

CBN Withdraws 2024-2025 Monetary Policy Document To Address Misrepresentation

Felix Ifijeh, THEWILL -
September 20, (THEWILL) – The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025, published on September 17, 2024. The apex bank clarified that the...
News

CBN To Reintroduce Cybersecurity Levy On Electronic Transactions

Felix Ifijeh, THEWILL -
September 18, (THEWILL) – The Central Bank of Nigeria (CBN) has announced plans to re-introduce and enforce the payment of the Cybersecurity Levy on electronic transactions by Nigerians. This plan, announced in its Monetary, Credit, Foreign Trade, and Exchange Policy...
Business

CBN Appoints New Board For Keystone Bank, Names Ada Chukwudozie Chairman

Felix Ifijeh, THEWILL -
September 18, (THEWILL) – The Central Bank of Nigeria (CBN) has constituted a new board for Keystone Bank Limited as part of efforts to strengthen the lender’s operations for sustained business growth. The apex bank had in January dissolved the...
Business

CBN To Hold MPC Meeting September 23

Felix Ifijeh, THEWILL -
September 18, (THEWILL) – The Central Bank of Nigeria (CBN) says it will hold its 297th Monetary Policy Committee (MPC) meeting on Monday, September 23 and Tuesday, September 24, 2024. The apex bank disclosed this in a statement titled, "Notice...
Politics

We’ll Continue Ways And Means Loan To FG At 5% – CBN

Felix Ifijeh, THEWILL -
September 17, (THEWILL) – The Central Bank of Nigeria (CBN) has said it will sustain its ways and means advances to the federal government at a 5% limit for the 2024/2025 fiscal year. Ways and Means Advances allow the CBN...
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SportsOlumide Atiba, THEWILL -

Roger Federer Returns To US Open At 45, Wins Twice In New York

Federer made a winning return to Arthur Ashe Stadium on Tuesday as part of an exhibition event titled “An Icon Returns to New York.” He first defeated fellow former world number one Andy Roddick in singles before returning to the court with John McEnroe for a doubles victory over Roddick and Andre Agassi.
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