CBN

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...

Access Bank PLC has said it is at the forefront of Sustainable Banking in Nigeria, noting that it has created indelible footprints in that area. The bank’s deputy managing director, Ms. Chizoba Okolie, disclosed this at the Sustainable Banking Roundtable...

September 02, (THEWILL) - In the month of August 2022, the Central Bank of Nigeria (CBN) sold a total of N446.15bn in Treasury bill auctions. This was 9.47% higher than the N407.55bn allotted in June. Specifically, for the 91-day tenor,...

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...