CBN

August 18, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has said Nigerians can now subscribe to the digital currency using short codes. Emefiele, who revealed this on Thursday during the eNaira Hackathon grand finale in Abuja,...

August 18, (THEWILL) - The Central Bank of Nigeria (CBN) on Thursday, said it reduced the minting of the Naira to boost electronic banking transactions in the country. CBN Deputy Governor, Economic Policy Directorate, Dr Kingsley Obiora, said this on...

June 30, (THEWILL) – The Central Bank of Nigeria (CBN) has released the Risk-Based Cyber-security Framework and Guidelines for Other Financial Institutions (OFIs). The bank said the action became necessary as a result of the recent increase in the number...

June 17, (THEWILL) – The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has said monetary policy interventions alone cannot totally address the lingering foreign exchange scarcity challenges currently hurting various businesses, especially in the manufacturing sector. The apex bank...

June 12, (THEWILL) - Nigerian farmers and others in the agribusiness value chain raked in a total of N1.17 trillion in export earnings in one year between Q1 2021 and Q1 2022, according to data from the National Bureau...

June 11, (THEWILL) - The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said...

June 10, (THEWILL) - The Central Bank of Nigeria (CBN) seeks to raise a sum of N1.2 trillion in cash, through the issuance of treasury bills in the third quarter of 2022 (Q3’22). The apex bank disclosed this on Friday, in its Nigeria Treasury...

June 06, (THEWILL) - The Central Bank of Nigeria, CBN, has ordered banks to collect indemnities from their customers for highly secured online funds transfer amounting to N1million and above for individual customers and N10 million for corporate customers. However,...

June 04, (THEWILL) - The Central Bank of Nigeria (CBN) has mandated the enrolment of other financial institutions (OFIs) on the credit risk management system (CRMS). In a circular published on its website and signed by Chibuzo Efobi, Director, Financial...

June 03, (THEWILL) - The Central Bank of Nigeria (CBN) has mandated commercial banks and payment service providers (PSPs) to get indemnities from depositors for highly secured electronic funds transfer of N1 million and above for individual customers and...