CBN

July 20, (THEWILL) - The Central Bank of Nigeria (CBN) has commenced a regular sale of foreign exchange through Authorised Dealer Banks and licenced Bureaux De Change (BDCS), to improve supply in the foreign exchange market. This, it said, is...

June 22, (THEWILL) - The Central Bank of Nigeria (CBN), says its monetary policy tightening measures are having the intended effect as Nigeria’s headline month-on-month inflation rate slowed for the third time in a row in May 2024. According...

June 10, (THEWILL)- The Central Bank of Nigeria (CBN) has refuted reports of ongoing plans to revoke operational licences of Fidelity, Polaris, Wema and Unity Banks. The apex bank, in a statement through its Acting Director of Corporate Communications Department,...

June 04, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that it would revoke the operational licences of three banks. An online media had claimed that the apex bank would withdraw the licences of Unity Bank,...

May 25, (THEWILL) - The Central Bank of Nigeria (CBN) has again, laid off over 200 staff from its workforce. The latest retrenchment cuts across several departments, including Human Resources; Development Finance; Trade and Exchange (including a prominent director, Dr...

May 22, (THEWILL) - The Central Bank of Nigeria (CBN) has directed all Bureau de Change operators (BDCs) in the country to reapply for new operational licences by June 3, 2024, in order to continue to operate in...

May 14, (THEWILL) - The Central Bank of Nigeria (CBN), says it will hold its 295th Monetary Policy Committee (MPC), meeting on Monday, May 20 and Tuesday, May 21, 2024 The apex bank disclosed this on Tuesday, in statement,...

May 7, (THEWILL) - The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs) in the country to suspend charges on cash deposits until September 30, 2024. The apex bank, in a circular signed by its Director...

May 6, (THEWILL) - Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (Amendment) Act 2024 and pursuant to the provision of Section 44 (2)(a) of the Act, the Central Bank of Nigeria (CBN) has directed all banks,...

April 25, (THEWILL) - The Central Bank of Nigeria (CBN) says a notice circulating on social media about the risk of cryptocurrency did not originate from it and, therefore, is fake news. The CBN disclosed this via its official X...