CBN

Despite Assurances, Anxiety Mounts Over 2023 General Elections

President Muhammadu Buhari's approval for the constitution of a 22-man Presidential Transition Council to ensure a smooth handover to a newly-elected President on February 25, 2023 underlines his commitment to a free and fair election this year. A senior government...

CBN Debunks False Claims About Capacity Of NSPMC, Alleged Threats To Close Some Deposit Money Banks

February 11, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked a misleading report misquoting the Governor, Godwin Emefiele, as attributing the current challenge in the distribution of the newly redesigned naira banknotes to a shortage of printing...

FG To Comply With Supreme Court Ruling Stopping Deadline For Old Naira Notes – AGF

February 09, (THEWILL) - The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), has said the federal government will comply with the Supreme Court order restraining it and the Central Bank of Nigeria (CBN), from implementing...

Edo Govt Disowns El-Rufai, Declares Support For CBN Currency Swap

February 09, (THEWILL) - The Edo State Government has distanced itself from the comments and moves by the Governor of Kaduna State, Nasir El-Rufai and some other governors against the currency swap policy of the Central Bank of Nigeria...

Naira Swap: Malami Asks Supreme Court To Dismiss Suit Against CBN

February 09, (THEWILL) - The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), has filed a preliminary objection against a suit challenging the Central Bank of Nigeria (CBN)'s deadline to stop the use of...

BREAKING: Supreme Court Temporarily Bars FG, CBN From Stopping Use Of Old Naira Notes

February 08, (THEWILL) - The Supreme Court has restrained the Federal Government and the Central Bank of Nigeria (CBN), from effecting the February 10, deadline to phase out the old N1000, N500 and N200 notes. Delivering a ruling on...

OPINION: Synergistic Gaps Between CBN And Banks In Naira Redesign Exercise

February 08, (THEWILL) - With the recent discovery of caches of the redesigned naira notes with unbroken wrappers inside Automated Teller Machines, ATMs, making it impossible for cash to be dispensed and revelations that stacks of redesigned naira...

CBN Won’t Be Used To Frustrate 2023 Elections – Emefiele Assures INEC

February 07, (THEWILL) - The Central Bank of Nigeria (CBN) has assured the Independent National Electoral Commission (INEC) and Nigerians, that the apex bank would not do anything inimical to the success of the forthcoming 2023 general elections. The apex...

CBN Directs Banks To Freeze Accounts Of Individuals Linked To Terrorist Financier Abdul Makki

February 07, (THEWILL) - The Central Bank of Nigeria (CBN) has directed financial institutions in the country to freeze bank accounts of individuals linked to Abdul Rahman Makki. The apex bank conveyed the directive in a circular to all Deposit...

Cash Crunch: Buhari Meets Emefiele, Bagudu, Tambuwal, Others

February 07, (THEWILL) - President Muhammadu Buhari on Tuesday, held a closed-door meeting with Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN); Atiku Bagudu, the Chairman of the Progressive Governors’ Forum, and Aminu Tambuwal, the Chairman...
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Tinubu Orders Urgent Intervention On Benin-Agbor-Asaba Road As Gridlock Traps Motorists For Days

The presidential directive came amid growing public concern over the deteriorating highway, which has disrupted movement between Edo and Delta states, delayed the transportation of goods and created serious hardship for motorists and travellers.
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