CBN

Business

CBN Unveils e-Learning Platform ‘SabiMONI’

Aina Ojonugwa, THEWILL -
May 16, (THEWILL) – The Central Bank of Nigeria (CBN) has unveiled an e-learning platform, ‘SabiMONI’, to promote financial literacy and deepen financial inclusion. A fully digital national e-learning platform that provides a knowledge base for financial literacy, SabiMONI...
Business

Immigration Boss Blames CBN For Scarcity Of Passport Booklets

Sam Diala, THEWILL -
May 11, (THEWILL) – The Nigeria Immigration Service (NIS) has blamed the Central Bank of Nigeria (CBN) for the scarcity of international passport booklets in the country. The Comptroller-General (C-G) of NIS, Idris Jere, complained that the foreign exchange (forex)...
Business

UPDATED: Export Proceed Repatriation Rose 40% to $5.6bn in 2022 – CBN

Aina Ojonugwa, THEWILL -
May 09, (THEWILL) - The Central Bank of Nigeria (CBN) has said that proceeds of non-oil exports repatriated under the RT200 programme increased by 40 percent to $5.6 billion in 2022 as against $3.0 billion in 2021. This was...
Business

CBN Gives Nod To Dollar-Denominated Loans By Foreign Banks

Sam Diala, THEWILL -
May 09, (THEWILL) – To improve forex liquidity, the Central Bank of Nigeria (CBN) has authorised foreign banks’ representatives in Nigeria to lend in dollars. To actualise this, the apex bank authorised the banks to work with their...
Business

Cashless Policy: Nigerian Banks, FAAC, Amass N135.56trn in Q1

Sam Diala, THEWILL -
Nigeria’s deposit money banks and other financial institutions, together with the Federation Accounts Allocation Committee (FAAC), raked in N135.56 trillion from electronic payment transactions in the first quarter (Q1) of 2023 as the Central Bank of Nigeria (CBN) intensifies...
Business

We’re Addressing Payment System Challenges – CBN

Sam Diala, THEWILL -
May 03, (THEWILL) – The Central Bank of Nigeria (CBN) says it is tackling threats to payment system in order to advance the cashless policy and deepen financial inclusion. The Governor, CBN, Mr Godwin Emefiele, disclosed this in his...
Business

Nigeria Ranks Among Top Ten Payment Security Systems Globally – Emefiele

Sam Diala, THEWILL -
May 02, (THEWILL) - Nigeria’s payment security system is among the top ten as the world abandons the traditional cheque and cash transactions for digital payment systems. The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, made this disclosure Tuesday...
Business

CBN Reiterates Adequate Supply of New Naira Notes

Sam Diala, THEWILL -
May 01, (THEWILL) – The Central Bank of Nigeria (CBN) has said it is committed to adequate supply of the new Naira notes ahead of the December 31 deadline on the old N1,000, N500 and N200 denominations. The assurance...
News

EX-NNPC GMD Sues EFCC, CBN, GTB

Aina Ojonugwa, THEWILL -
April 28, (THEWILL) - A former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, has sued the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and Guarantee Trust Bank (GTB), over alleged...
Business

Emefiele Applauds IMF’s Support for CBN’s Monetary Policies

Sam Diala, THEWILL -
April 17, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has applauded the International Monetary Fund’s (IMF) support for the recent tightening of monetary policies in recent months. Emefiele made this remark while addressing journalists...
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Latest News

NewsUdeme Utip, THEWILL -

All On Launches Programme To Build Nigeria’s Clean Energy Innovation Pipeline

The programme, funded by the Global Energy Alliance for People and Planet, targets promising clean energy startups and entrepreneurs within the All On Hub ecosystem, providing them with technical expertise, hands-on development support, mentorship, venture creation training and access to appropriate equipment and fabrication facilities.
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