CBN

December 14, (THEWILL) - The Central Bank of Nigeria (CBN) has reassured Nigerians of enough Naira notes in circulation to cater for their cash needs. CBN Acting Director, Corporate Communications, Mrs Hakama Ali, gave the assurance in a statement on...

December 11, (THEWILL) – The Central Bank of Nigeria (CBN)has issued a new directive to all banks, other financial institutions, and non-bank financial institutions, suspending the processing charges previously imposed on large cash deposits. This change, referenced under the...

December 11, (THEWILL) – The Central Bank of Nigeria (CBN) has assured Nigerians and the banking public that the Nigerian banking industry remains resilient. The apex bank gave the assurance in a press statement issued on Monday, by its...

December 08, (THEWILL) - The Central Bank of Nigeria (CBN) has alerted Nigerians to the circulation of counterfeit Naira banknotes, especially higher denominations, by some individuals for transactions in food markets and other commercial centres across major cities...

December 07, (THEWILL) – The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has approved the reviewed service charter of the apex bank to enhance customer experience. The service charter is a requirement of the Business Facilitation...

December 07, (THEWILL) - The Nigeria Inter-Bank Settlement System (NIBSS), has directed banks to disconnect all non-deposit financial institutions from its transfer list. The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. According to...

December 06, (THEWILL) - The House of Representatives Committee on Public Petition has issued a warrant of arrest on the Central Bank Governor (CBN), Olayemi Cardoso; the Accountant General of the Federation, Mrs Oluwatoyin Madein and 17 others, for...

December 01, (THEWILL) - The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) and other financial institutions operating in the country, to place a "Post no Debit” on all bank accounts without Bank Verification Number (BVN)...

November 26, (THEWILL) - The total assets of 10 Nigerian deposit money banks were collectively eroded by $24.73 billion (N18.7 trillion) as of September 30, 2023, following the devaluation of the Naira, computations by THEWILL have shown. The financial services...

November 25, (THEWILL) - The Central Bank of Nigeria (CBN) has advised the deposit money banks to be prepared to boost their capital base in order to meet the need of the envisioned $1 trillion economy of the...