CBN

June 14, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the unification of all segments of the Nigerian forex market. The apex bank, in a statement Wednesday, announced the collapse of all windows into the Investors & Exporters...

CBN INTERVENTION IN ZAMFARA STATE Introduction The real-sector development initiative of the Central Bank of Nigeria (CBN) was introduced to stimulate and sustain growth in key sectors of the economy, revive moribund industries, empower the youth population, explore the untapped potentials...

May 24, (THEWILL) – The Central Bank of Nigeria (CBN) on Wednesday after the two-day Monetary Policy Committee (MPC) meeting, raised its benchmark interest rate known as the Monetary Policy Rate (MPR), by 50 basis hit 18.5 --...

The combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N6.62tn as of December 2022, according to data from the Central Bank of Nigeria. (CBN). While operators in...

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...

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)...

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...

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...

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...

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...