CBN

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the commitment of the bank towards developing the critical sectors of the economy through its intervention schemes. The Intervention programme, initiated in 1977, was aimed to fast-track the development...

September 27, (THEWILL) – As predicted by many analysts, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has, for the third time in five months, increased the official interest rate by an aggregate of 450...

September 20, (THEWILL) – The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the Central Bank of Nigeria (CBN) has spurred significant improvement in the country’s export remittances, the apex bank has revealed. The Principal...

CBN INTERVENTIONS IN KWARA AND NASARAWA STATES In recognition that access to finance is a key limiting factor to innovation and development of the economy in Nigeria, the Central Bank of Nigerias’ key development finance interventions are targeted at priority...

September 12, (THEWILL) – The Central Bank of Nigeria (CBN) has granted a Switching and Processing Licence to Flutterwave. Flutterwave is a payments technology company. The payments processing licence will enable transactions between banks, fintechs and other financial institutions. The...

September 08, (THEWILL) – Nigerian banks’ borrowings from the Central Bank of Nigeria (CBN’s) Standing Lending Facility (SLF) increased to N737.05 billion in May 2022 from N612.43 billion in the previous month, according to the CBN latest monthly economic...

September 08, (THEWILL) – Indications have emerged that the Central Bank of Nigeria (CBN) has begun moves against beneficiaries of its Anchor Borrowers Programme (ABP) who have defaulted in their loan repayments. This development follows the action by NIRSAL Microfinance...

September 06, (THEWILL) - The Central Bank of Nigeria (CBN), the Nigeria Export-Import (NEXIM) Bank, the Nigeria Sovereign Investment Authority (NSIA), and Heritage Bank PLC, among others, have reiterated their commitment toward improved local productive activities that will boost...

September 06, (THEWILL) - The Senate has cleared President Muhammadu Buhari’s nominees sent to the Red Chamber for confirmation as Non-Executive Directors of the Central Bank of Nigeria (CBN). The Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions,...

The Central Bank of Nigeria (CBN’s) widely publicised “release” of the sum of US$265 million, out of about half a billion US dollars trapped funds of foreign airlines in Nigeria, definitely raises many questions. The “release” of the fund...