CBN

April 23, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to Bureau De Change (BDC) operators at the rate of N1,021/$1. A letter signed on Monday, April 22, by Dr. Hassan Mahmud,...

March 26, (THEWILL) - The Federal Executive Council (FEC) has granted its consent for the disbursement of N60 billion from the Central Bank of Nigeria via the Agric Small and Medium Enterprises Investment Scheme. This is aimed to boost...

March 26, (THEWILL) - In keeping with its inflation-targeting framework, the Central Bank of Nigeria (CBN), on Tuesday, raised the interest rate (also called monetary policy rate) by 200 basis points from 22.75 percent it put it last...

March 26, (THEWILL) - The Central Bank of Nigeria's Monetary Policy Committee, after its 2-day meeting in Abuja, on Tuesday, voted to raise interest rate to 24.75% from 22.75%, in another aggressive move to tame hyper-inflation. THEWILL reports that...

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...

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...

March 13, (THEWILL) - The Central Bank of Nigeria (CBN} has frowned against the use of outdated circulars and guidelines by Deposit Money Banks, DMBs, Licensed Non-interest banks and other authorized dealers at its discount.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

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...

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...

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...