CBN

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...

The naira plunged deeper to N948/$1 at the parallel market on Friday, August 11, 2023 – two months after Mr Godwin Emefiele was suspended from office as Governor of the Central Bank of Nigeria by President Bola Tinubu on...

The plan by the Federal Government to engage the microfinance banks (Mfbs) in the implementation of its N500 billion palliative programme, brings to the fore the need for the Nigeria Deposit Insurance Corporation (NDIC) to step up its statutory...

Group Managing Director, Afrinvest (West Africa) Limited, Mr Ike Chioke, spoke with journalists on the sidelines of the company’s mid-year investment parley in Lagos. SAM DIALA was there. Excerpts: Your mid-year review is entitled ‘Turning Point’. Can you explain this? It...

August 03, (THEWILL) - The Central Bank of Nigeria (CBN) has said it lacks control over the price of petrol and the foreign exchange rate between the Naira and dollar. A principal manager in CBN, Clement Osagie, said this...

August 01, (THEWILL) - The Central Bank of Nigeria (CBN) has exempted Microfinance banks (MFBs) and primary mortgage banks (PMBs), from paying processing fees for withdrawals above the cash withdrawal limits. In December 2022, the CBN directed deposit money...

July 31, (THEWILL) - The aftermath of fuel subsidy removal is still a subject of discourse in Nigeria's economic projections, especially as citizens continue to lament the harsh impact under the present administration. Unfortunately, the economic environment is in bad...