CBN

BDC: CBN Mandates Sellers To Declare Sources Of Forex Above $10,000

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...

Senate Confirms Cardoso, 11 Others As MPC Chairman, Members

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...

ONSA, CBN Partner To Clamp Down On Forex Speculators

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...

CBN Jerks Up Price Verification System Limit

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...

NUPRC To Relocate Units To Lagos

February 15, (THEWILL) - As the dust raised over the relocation of some key departments of the Central Bank of Nigeria (CBN) and relocation of the headquarters of the Federal Airport Authority of Nigeria (FAAN) from Abuja has yet...

CBN: Tinubu Asks Senate To Confirm Cardoso, 11 Others As Chairman, Members Of MPC

February 14, (THEWILL) - President Bola Tinubu, on Wednesday, asked the Senate to confirm the nomination of the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, as Chairman of the apex bank's Monetary Policy Committee (MPC) The request,...

Tinubu Asks Senate To Confirm Agbide, Wanga, Three Others As Directors Of CBN Board

February 13, (THEWILL) - President Bola Tinubu has asked the Senate to confirm the appointment of five persons, including Robert O. Agbide, as directors of the board of the Central Bank of Nigeria (CBN). Tinubu, in a letter read...

Why New Minimum Capital Base For Tier-1 Banks Should Be At Least $5bn

February 11, (THEWILL) - The issue of minimum capital base for deposit money Banks has, once again, come to the front burner, following the indication by the Governor of the Central Bank of Nigeria (CBN) earlier this year that...

High Cost Of Food Caused By Insecurity, Climate Change, Others – CBN

February 09, (THEWILL) - The Central Bank of Nigeria (CBN) says insecurity, climate change, subsistent and seasonal farming practices, as well as importation bottlenecks, have impacted majorly on food supply, its availability and price of food items in...

NNPC, CBN to Strengthen Relationship to Guarantee Seamless Commercial Operations

February 09, (THEWILL) - The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision...
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Latest News

2027: Obi Challenges Tinubu’s Fuel Policy, Backs Return of Subsidy

Obi made the declaration during an interview with the BBC on Tuesday, reiterating his position that fuel subsidy itself is not the fundamental problem but the corruption associated with its administration.
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