CBN

March 01, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureaux De Change (BDC) Operators. Mrs. Sidi Ali Hakama, the Acting Director, Corporate Communications at the apex bank, who disclosed this in a...

March 01, (THEWILL) - The Central Bank of Nigeria (CBN) has announced plans to sell N1.64 trillion in Nigeria Treasury Bills during the second quarter of 2024, covering the months of March to May. The new offer aims to...

February 28, (THEWILL) - The House of Representatives has ordered its Committee on Small and Medium Size Enterprises (SMEs) to investigate the cancellation of $2.4 billion worth of forward contracts sold to manufacturers by the Central Bank of Nigeria...

February 27, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that it has resumed the suspended weekly foreign exchange sales to Bureau De Change (BDC) operators. In a statement released Tuesday and signed by its Acting Director...

February 27, (THEWILL) - The Central Bank of Nigeria (CBN) has taken a decisive step to bridge the widening gap in the exchange rate and stabilize the forex market. Through a new circular by Dr Hassan Mahmud, the Director of...

February 27, (THEWILL) - The Central Bank of Nigeria, CBN, has raised the monetary policy rate (MPR) to 22.75 percent. This represents 400 basis points increase from the 18.75 percent benchmark it has been since September 2023 The announcement was made...

February 24, (THEWILL) - The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of the equivalent of 10,000 dollars and above to declare their forex sources. Haruna Mustapha, Director, Financial Policy and...

February 22, (THEWILL) - The Senate has confirmed the appointment of Central Bank of Nigeria's Governor, Olayemi Cardoso and eleven others, as chairman and members of the Monetary Policy Committee (MPC), of the apex bank This followed the consideration...

February 20, (THEWILL) - The Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN), have teamed up to clamp down on forex speculators across the country. A statement by the Head, Strategic Communication, ONSA, Zakari...

February 16, (THEWILL) - The Central Bank of Nigeria (CBN), has announced an upward review of the Price Verification System (PVS), from 2.5 percent to 15 percent. The apex bank in a circular signed by its Director of the...