CBN

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...

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,...