CBN

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Senate Rejects Buhari’s Request To Restructure N22.7trn CBN Loans

Aina Ojonugwa, THEWILL -
December 29, (THEWILL) - The Senate on Wednesday, stepped down the request of President Muhammadu Buhari to restructure the payment of N22. 7 trillion “Ways and Means”, secured from the Central Bank of Nigeria (CBN) by the Federal Government. “Ways and...
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Emefiele And The Gang

Austyn Ogannah -
Godwin Ifeanyichukwu Emefiele has battled many controversies since his appointment as Governor of the Central Bank of Nigeria (CBN) in 2014 just like his predecessor, Sanusi Lamido Sanusi did during his own tenure. No doubt with the power and...
News

CBN Defends Naira Redesign, Cash Withdrawal Limit, Says Policy Will Check Kidnapping, Inflation, Money Laundering, Others

Aina Ojonugwa, THEWILL -
December 22, (THEWILL) – The Central Bank of Nigeria (CBN) has said the redesigned naira notes along with the cash withdrawal limit will help tackle kidnapping, money laundering, fight inflation and reduce the cost of minting new notes as...
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BREAKING: CBN Reviews Cash Withdrawal Limits

Aina Ojonugwa, THEWILL -
December 21, (THEWILL) – The Central Bank of Nigeria (CBN) has announced an adjustment to its policy limiting cash withdrawal by individuals and organisations. The apex bank in a circular to all Deposit Money Banks (DMBS) and Other Financial Institutions...
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Bullion Van Politicians Are After CBN – Atiku/Okowa Campaign

Aina Ojonugwa, THEWILL -
December 20, (THEWILL) - The Atiku/Okowa Presidential Campaign Organisation has alleged that the attempt to get court authorisation to arrest the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, was orchestrated by those it regards as bullion van...
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2023: NFIU, Police, EFCC, ICPC Move To Stop Vote Buying, Commend CBN Cashless Policy

Aina Ojonugwa, THEWILL -
December 19, (THEWILL) - Towards ensuring a credible election in 2023, Nigeria's anti-graft and security agencies have unveiled plans to stamp out vote buying and other vices that may threaten the credibility of the polls. This was made known on...
Business

Fresh Worries About Ethics In Nigerian Banking System

Marcel Okeke, THEWILL -
A letter from the Director of Banking Supervision (DBS), Central Bank of Nigeria (CBN), to banks and other financial institutions has once again brought the crucial issue of ethics and professionalism in the financial services industry to the front...
Business

PoS Agents Not Endangered – CBN Gives Conditions For Bulk Withdrawal

Aina Ojonugwa, THEWILL -
December 18, (THEWILL) – The Central Bank of Nigeria (CBN) has said its new cash withdrawal limit policy also addresses bulk withdrawal conditions. Speaking on Channels Television’s Sunrise programme, the Bank’s Director of Banking Supervision, Mustafa Haruna, said although the...
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Make Upward Adjustments Of Cash Withdrawal Limits – Senate Tells CBN

Aina Ojonugwa, THEWILL -
December 14, (THEWILL) – The senate has asked the Central Bank of Nigeria (CBN) to upwardly adjust the limit on cash withdrawal in its new policy, in response to “public outcry.” According to the policy, which takes effect from January...
Business

CBN’s Cash Withdrawal Limits Expand Tax Revenue Window

Sam Diala, THEWILL -
The Central Bank of Nigeria (CBN)’s new policy on over-the-counter cash withdrawal limits as well as withdrawal limits for Automated Teller Machines (ATM) and Point of Sale (POS) terminals has widened the window for tax revenue. The CBN had on...
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NewsFelix Ifijeh, THEWILL -

South African Woman, US-Based Grandma Arrested With Large Cocaine, Loud Shipments

The National Drug Law Enforcement Agency (NDLEA) has arrested a 34-year-old South African woman, Qhina Beauty, with 36.65 kilograms of cocaine at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, as the agency intensified its crackdown on international and domestic drug trafficking networks.
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