CBN

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...

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...

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...

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...

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...

April 14, (THEWILL) – The Central Bank of Nigeria (CBN) has issued a warning to the public regarding a fake recruitment portal that has been circulating. The portal has been fraudulently inviting eligible members of the public to submit...

More Nigerian banks will soon commence effective offshore operations to actualise the licence granted them by the Central Bank of Nigeria (CBN) to establish offshore subsidiaries. Data from the CBN website showed that eight deposit money banks are licensed to...

April 04, (THEWILL) – The Central Bank of Nigeria (CBN), state governors, the Economic and Financial Crimes Commission (EFCC) and the Nigeria Financial Intelligence Unit (NFIU) will meet in Abuja today (Tuesday, April 4, 2023), over the facilities...