CBN

September 15, (THEWILL) – President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first...

September 14, (THEWILL) - President Bola Tinubu has directed the Central Bank of Nigeria (CBN), to create a platform for quarterly reconciliatory meetings with foreign airlines, towards settling accumulated trapped funds. Minister of Aviation and Aerospace Development, Festus Keyamo, made...

September 05, (THEWILL) - The Acting Governor, Central Bank of Nigeria (CBN) has said that the bank is making plans to clear the foreign exchange (FX) backlogs in the next one or two weeks. Shonubi, who disclosed this at...

September 4, (THEWILL) – The Central Bank of Nigeria on Monday released a step-by-step guide to signing up for the SabiMONI financial literacy e-learning platform on its verified X (formerly Twitter) account. This is coming after...

The announcement by the Nigerian National Petroleum Company Limited (NNPCL) on August 16, 2023 that it had secured a $3 billion emergency crude repayment loan from the African Export-Import (AFREXIM) bank to stabilise the naira, has generated mixed reactions. While...

August 18, (THEWILL) - Nigerian lawyer, Femi Falana (SAN), has sued the Central Bank of Nigeria (CBN), for alleged illegal floating of the naira. Falana, who disclosed this on Friday, when he was featured on Channels Television’s Sunrise Daily,...

August 18, (THEWILL) - The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable importers to access forex. The CBN, in a statement on Thursday night, said a price verification...

August 17, (THEWILL) - The Chartered Institute of Bankers of Nigeria (CIBN) has said that the foreign exchange reform introduced by the Central Bank of Nigeria (CB) which involves floating the naira, is unsuitable for economic development. In a...

August 16, (THEWILL) - A civil society group, African Center for Justice and Human Rights (ACJHR), has faulted the Federal Government over an allegation of fraud against Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN). The...

Nigeria is currently undergoing a severe economic crisis under the leadership of President Bola Tinubu, who assumed office on May 29, 2023. This crisis is characterised by a significant depreciation of the national currency, the naira, against the US...