CBN

July 26, (THEWILL) - The Central Bank of Nigeria (CBN) has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. A post-no-debit means that all debit transactions, including ATMs and cheques,...

July 23, (THEWILL) – The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over “the failure to delete the patently unlawful provisions in the Central Bank of Nigeria (Customer...

July 18, (THEWILL) - The Department of State Services, on Tuesday, stirred another controversy over the continued detention of Godwin Emefiele, the suspended Central Bank Governor. THEWILL had, on Monday, reported a suit filed by a consortium of lawyers...

July 13, (THEWILL) - The Central Bank of Nigeria (CBN) has approved Naira payouts for diaspora remittance with immediate effect, thus ending a ban that had been in place since 2020. In a circular dated July 10, 2023, and...

July 07, (THEWILL) - The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in Nigeria, to be wary of business transactions with persons in Cameroon, Croatia and Vietnam. This decision was...

July 02, (THEWILL) - The Central Bank of Nigeria (CBN), will on Monday, July 3, begin offer quotes for Naira-Settled OTC FX Futures (NSOFF), contracts with tenors ranging from thirteen (13) to sixty (60) months. The move, the apex...

June 28, (THEWILL) - The Central Bank of Nigeria (CBN) has set a daily cumulative limit for contactless payments. The bank, in a circular on Tuesday, defined the transaction limits for contactless payment through accounts and wallets as N15,000...

June 25, (THEWILL) – The Socio-Economic Rights and Accountability Project (SERAP) has urged Folashodun Shonubi, the Acting Governor, Central Bank of Nigeria (CBN), to “immediately delete the patently unlawful provisions in the Central Bank of Nigeria...

June 24, (THEWILL) - The Central Bank of Nigeria (CBN), has directed Deposit Money Banks (DMBs) and other financial institutions in the country to obtain the social media handles, residential addresses, Bank Verification Numbers (BVN) and other vital information...

June 17, (THEWILL) – Daily market turnover rose to $311.82 million Friday at the I&E forex window - two days after the Central Bank of Nigeria (CBN) announced the Naira floating policy, This represents a 444 percent surge from...