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NIPC Applauds New CBN Withdrawal Limit, Says Policy Will Harness Growth, Development

Aina Ojonugwa, THEWILL -
December 09, (THEWILL) – The Nigerian Investment Promotion Commission (NIPC) has applauded the Central Bank of Nigeria (CBN), over its recent policy on cash withdrawal limit. Recall that the apex bank, on Tuesday, announced a limit on cash withdrawals...
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Cash Withdrawal Limits: Middle Belt Group Backs CBN On New Policy

Aina Ojonugwa, THEWILL -
December 08, (THEWILL) - The Middle Belt Youth Forum (MBYF) has commended the Central Bank of Nigeria (CBN), on its new cash withdrawal limits. The apex bank had in a memo on Tuesday, announced a limit on cash withdrawals made...
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No Going Back On Cash Withdrawal Limit – CBN Warns Saboteurs

Aina Ojonugwa, THEWILL -
December 08, (THEWILL) – The Central Bank of Nigeria (CBN) has said it would resist any political pressure to back down on its new policy on cash withdrawal limits, warning to sanction any individual or entity who violates the...
Business

eNaira Transactions Hit N8bn – CBN

Aina Ojonugwa, THEWILL -
December 08, (THEWILL) – The Central Bank of Nigeria (CBN) has said its eNaira application has so far recorded a total digital transaction valued at about N8 billion, as at the end of October, 2022. Recall that the eNaira...
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Senate To Debate CBN’s New Cash Withdrawal Limit Tuesday

Aina Ojonugwa, THEWILL -
December 08, (THEWILL) - The Senate, will on Tuesday, December 13, debate a motion on the new cash withdrawal limit recently announced by the Central Bank of Nigerian (CBN). THEWILL reported that the apex bank, in a memo on Tuesday,...
Business

RT 200 FX: Emefiele’s Scorecard Signals Optimism For FX Inflow

Sam Diala, THEWILL -
The milestone attained in the implementation of the Race-To-$200 billion (RT 200) programme points to the success story ahead as the Central Bank of Nigeria (CBN) intensifies efforts towards realising the objective. The programme is aimed at raising $200 billion...
Business

RT 200 FX: CBN Doles Out N81bn Rebates to Nigerian Exporters As Repatriation Jumps by 56.4%

Sam Diala, THEWILL -
November 29, (THEWILL) - The Central Bank of Nigeria (CBN) has paid out a total sum of N81 billion to Nigerian exporters in 2022 as rebates for repatriating their export proceeds in line with the RT 200 FX policy. A...
Business

Naira Redesign: CBN Targets Agency Networks For Financial Inclusion

Sam Diala, THEWILL -
There is an indication that the plan by the Central Bank of Nigeria (CBN) to engage Agency Banking Networks in the currency redesign exercise will achieve the two-prong benefit of fast-tracking financial inclusion among the country-side dwellers. Many Nigerians...
Business

Economy: Emefiele Lauds Monetary Policy Gains, Urges Quick Recovery Plans

Sam Diala, THEWILL -
November 28, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that the intervention schemes and other monetary policy initiatives of the apex bank helped in sustaining the productive capacity of the economy amid COVID-19...
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Benefits Of Redesigned Naira Notes – Emefiele

Aina Ojonugwa, THEWILL -
November 23, (THEWILL) - President Muhammadu Buhari has unveiled the redesigned Naira notes by the Central Bank of Nigeria (CBN). The notes which include N200, N500 and N1000, were formally unveiled on Wednesday, at the state House, Abuja, before a meeting...
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NewsFelix Ifijeh, THEWILL -

₦78.8bn Cash Transfer Scandal: SERAP Drags Tinubu Govt to ECOWAS Court

In suit number ECW/CCJ/APP/42/26, filed last week before the ECOWAS Community Court of Justice in Abuja, SERAP is seeking a declaration that the Federal Government’s failure to account for more than ₦78.8 billion allocated to cash-transfer and social-protection programmes is unlawful and violates Nigeria’s international human rights obligations.
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