CBN

April 04, (THEWILL) – The Central Bank of Nigeria (CBN) has explained the reasons for the $1.4 billion drop in the country’s external reserves during the first quarter (Q1) of 2023. CBN attributed the drop to a reduction in...

April 02, (THEWILL) - Governors of the 36 states of the federation under the auspices of the Nigeria Governors Forum (NGF), will on Tuesday, meet with all the anti-graft agencies in the country, with a view to ironing out...

March 29, (THEWILL) – The Central Bank of Nigeria (CBN) has released new guidelines for commercial banks, mortgage banks, microfinance banks and Other Financial Institutions (OFIs), seeking to change their licence type through conversion, re-categorisation and re-designation. The apex bank...

March 28, (THEWILL) – The Central Bank of Nigeria (CBN) has debunked rumours that it plans to suspend the accounts of fintech firms. The apex bank described the story trending in the social media as fake news. The CBN offered...

March 28, (THEWILL) – The Nigerian Meteorological Agency (NiMet) and the Central Bank of Nigeria (CBN), have signed a Memorandum of Understanding (MoU) on improving food security in the country through precise weather forecast. NiMet`s Director-General, Prof. Mansur Matazu,...

The Central Bank of Nigeria (CBN) disbursed a total of N12.65 billion to three agricultural projects under the Anchor Borrowers’ Programme (ABP) between January and February 2023. This disclosure was made by the governor, CBN, Mr Godwin Emefiele, during the...

March 23, (THEWILL) - In a bid to improve cash availability, the Central Bank of Nigeria (CBN) has released N52 billion in cash to commercial banks in the country. The apex bank also directed the banks to open all...

March 23, (THEWILL) - The Central Bank of Nigeria (CBN) has released the old Naira notes to deposit money banks, to ease the current cash crunch across the country. The development followed the March 3 judgement of the supreme...

March 22, (THEWILL) - The leadership of the Nigeria Labour Congress (NLC), on Wednesday, directed all workers to picket all the offices of the Central Bank of Nigeria (CBN) nationwide, with effect from next week, over the current...

March 21, (THEWILL) - The Central Bank of Nigeria on Tuesday raised its benchmark lending rate to 18 per cent in an aggressive push to contain the nation’s inflationary pressure. In January, the CBN Monetary Policy Committee (MPC) raised its...