CBN

February 02, (THEWILL) - Amid long queues at Automated Teller Machines, ATMs, the Central Bank of Nigeria (CBN), has directed Deposit Money Banks (DMBs), to commence the payment of the redesigned Naira notes over the counter, subject to a...

January 30, (THEWILL) - The Central Bank of Nigeria (CBN) has directed commercial banks to, henceforth, pay customers over-the-counter with the lower Naira denominations. These include N100, N50, N20, N10 and N5 notes regardless of how much a customer is...

January 29, (THEWILL) - The Central Bank of Nigeria (CBN) has announced a 10-day extension of the deadline for the use of old naira notes across Nigeria. CBN Governor, Godwin Emefiele, announced the extension on Sunday, in Daura, Katsina...

January 26, (THEWILL) - The Central Bank of Nigeria (CBN) on Thursday, launched the Nigerian National Domestic Card Scheme, AfriGo, to boost the electronic payment system in the country. CBN Governor, Godwin Emefiele, who launched the card at...

January 24, (THEWILL) - President Muhammadu Buhari has approved the constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management. The committee is chaired by President Buhari, in his capacity as the Minister of Petroleum Resources and...

January 24, (THEWILL) - The Central Bank of Nigeria (CBN) has said it will not extend the January 31st deadline for the implementation of the new naira notes. Governor of the apex bank, Godwin Emefiele, said this on Tuesday, while...

January 24, (THEWILL) - The Central Bank of Nigeria (CBN) on Tuesday, raised its benchmark interest rate by 100 basis points to 17.5%, citing fears of a further rise in inflation. CBN Governor, Godwin Emefiele, announced this...

There is currently a limit to the amount of cash that individuals and corporate bodies can withdraw from their bank accounts across the counter in Nigeria. But there is no limit to the absurdities that can happen in the...

January 21, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the launch of a Cash Swap Programme for rural and underserved areas, which takes effect from Monday, January 23, 2023. The apex bank announced this in a circular issued...

January 19, (THEWILL) - Officials of the Central Bank of Nigeria are visiting commercial banks in Bayelsa State to assess the level of compliance with the CBN’s directive on the issuance of the new Naira notes to customers. While most...