CBN

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...

May 24, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to increase the monetary policy rate (MPR) to 13 percent after two and half years. The MPR was 11.5 percent before...

May 24, (THEWILL) - The National Industrial Court sitting in Lagos, has ordered the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC), to pay over N5.7bn terminal benefits to over 1,000 bank workers affected by...

May 22, (THEWILL) - To insulate the economy against adverse spillovers from the Russia-Ukraine war, indications have emerged that the Central Bank of Nigeria (CBN) will deploy targeted development finance interventions that have proved to be critical safety nets...

May 21, (THEWILL) - The Central Bank of Nigeria has urged Nigerians to embrace the digital e-Naira as paper currency would soon be out of circulation. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday,...

May 20, (THEWILL) - The National Auotomotive Design and Development Council has began discussions with the Central Bank of Nigeria (CBN), to design workable solutions for automotive financing to make auto purchase affordable for Nigerians. Jelani Aliyu, the Director General...

May 19, (THEWILL) - The Central Bank of Nigeria (CBN) has appealed to farmers, who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back. Mr Sadeeq Ajayi, in CBN Development Finance Office, made...

May 19, (THEWILL) - In its efforts to enhance financial services through data sharing across the banking payment systems, the Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria. In a circular titled, ‘Operational guidelines for...

May 06, (THEWILL) - The Central Bank of Nigeria (CBN), has warned banks and other financial institutions in the country to be vigilant as regards transactions involving the Benin Republic. Nigeria’s financial regulator disclosed that Benin Republic had become a...