CBN

Business

CBN Clears All Valid FX Backlog

Felix Ifijeh, THEWILL -
March 20, (THEWILL) - The Central Bank of Nigeria (CBN), says it has settled all valid foreign exchange backlogs of US$7 billion its Governor, Olayemi Cardoso inherited. CBN Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, who disclosed this in...
Business

CBN Set To Disengage 19 Directors – Report

Felix Ifijeh, THEWILL -
March 18, (THEWILL) - The Central Bank of Nigeria (CBN) has concluded plans to disengage the services of 19 directors towards “reorganisational and human capital restructuring” efforts. According to reports, seven of the directors had already been served disengagement letters...
Business

CBN Warns Banks, Authorised Dealers Against Use of Outdated Circulars, Guidelines

Sam Diala, THEWILL -
March 13, (THEWILL) - The Central Bank of Nigeria (CBN} has frowned against the use of outdated circulars and guidelines by Deposit Money Banks, DMBs, Licensed Non-interest banks and other authorized dealers at its discount. The CBN has, therefore,...
News

Tinubu Asks Senate To Confirm Ruby Onwudiwe As CBN Board Member

Felix Ifijeh, THEWILL -
March 13, (THEWILL) - President Bola Tinubu has urged the Senate to confirm the appointment of Dr Ruby Onwudiwe as a member of the Board of Directors of the Central Bank of Nigeria (CBN). Dr. Onwudiwe's appointment is a...
Business

CBN Reports Upsurge In Dollar Inflow as Remittances Quadruple, Foreign Investors’ Return

Sam Diala, THEWILL -
March 08, (THEWILL)- The Central Bank of Nigeria (CBN) reportmed a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign...
Business

CBN Mandates Microfinance, Mortgage Banks, DFIs to Submit Monthly Financial Returns

Sam Diala, THEWILL -
March 07, (THEWILL)- The Central Bank of Nigeria (CBN) has mandated Microfinance banks, Primary Mortgage Banks (PMBs) and Development Financial Institutions (DFIs) to ensure they submit their financial returns monthly through the FinA application or risk sanctions. The CBN disclosed...
News

Investors Oversubscribe CBN N1 Trillion OMO Bills

Felix Ifijeh, THEWILL -
March 03, (THEWILL)- Investors, on Friday, showed an insatiable appetite for the Federal Government’s securities, as the Central Bank of Nigeria (CBN) successfully sold N1.053 trillion ($680 million) in short-term instruments as part of its liquidity management exercise.   The CBN...
Business

FG to Borrow N1.64trn Via Treasury Bills in Q2 2024

Sam Diala, THEWILL -
March 03, (THEWILL)-  The Central Bank of Nigeria, CBN, has said it would sell Treasury Bills, TBs, worth N1.64 trillion for the second quarter 2024, Q2’24 on behalf of the federal government. This is contained in the apex bank’s Nigeria...
Business

Forex Crisis: CBN Revokes Operational Licenses of 4,173 BDCs

Sam Diala, THEWILL -
March 03, (THEWILL)-  The Central Bank of Nigeria, CBN, has revoked the licenses of 4,173 Bureau De Change Operators. According to the apex bank, the affected institutions failed to observe regulatory provisions. These, according to the bank, include payment of all...
Headline

Ex-President Buhari To Be Docked?

Amos Esele, THEWILL -
March 03, (THEWILL) - It is hard to see the end of the probe launched by the Senate into the payment of over N30 trillion Ways and Means secured from the Central Bank of Nigeria, CBN, by the immediate...
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Latest News

NewsUdeme Utip, THEWILL -

All On Launches Programme To Build Nigeria’s Clean Energy Innovation Pipeline

The programme, funded by the Global Energy Alliance for People and Planet, targets promising clean energy startups and entrepreneurs within the All On Hub ecosystem, providing them with technical expertise, hands-on development support, mentorship, venture creation training and access to appropriate equipment and fabrication facilities.
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