CBN

January 16, (THEWILL) – The Central Bank of Nigeria has made changes in the designations of the roles of two deputy governors within its directorate. THEWILL reports that Dr. Bala Bello, Deputy Governor Corporate Services has been re-assigned as...

January 14, (THEWILL) – The Central Bank of Nigeria has imposed a N150 million fine on nine Deposit Money Banks for failing to dispense cash through Automated Teller Machines during the yuletide season. The affected banks include Fidelity Bank...

January 11, (THEWILL) – The Central Bank of Nigeria has introduced two new financial instruments: the Non-Resident Nigerian Ordinary Account and the Non-Resident Nigerian Investment Account. Announced in a circular signed on Friday by W.J. Kanya, Acting Director of the...

January 05, (THEWILL) – The Central Bank of Nigeria (CBN) has again clarified that the 1,000 staff members who opted out of service in December 2024 were not forced to quit their jobs. The CBN Governor, Olayemi Cardoso, stated this...

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...