CBN

April 28, (THEWILL) - The Central Bank of Nigeria (CBN) has said that no successful economy thrives on the promotion of imported products over exportation of local products, adding that Nigerians’ import dependency is the main cause of...

April 26, (THEWILL) - The Central Bank of Nigeria (CBN) says the Federal Government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021. The apex bank said this in its economic report for the fourth quarter of...

April 21, (THEWILL) - The management of the Central Bank of Nigeria (CBN), has asked Nigerians not to panic over an early morning inferno at its Makurdi branch on Thursday. Spokesman of the CBN, Osita Nwanisobi, in a statement on Thursday,...

April 11, (THEWILL) – The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in a press release titled “THE CENTRAL BANK OF NIGERIA GRANTS...

April 08, (THEWILL) – The Central Bank of Nigeria (CBN) has warned Nigerians against investing in Illegal Financial Operators (IFOs). IFOs are entities not regulated by the apex bank. The bank's Director, Corporate Communications Department, Osita Nwanisobi, who issued the warning...

April 03, (THEWILL) – The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs), to stop bringing “composed banknotes” as part of their deposits with the apex bank. Composed banknotes are mutilated currency notes, comprising several parts of...

April 03, (THEWILL) – The aggressive lending posture of United Bank for Africa (UBA) Plc to the real sector holds prospects for boosting agriculture and stimulating the economy towards diversification.  The Pan African financial institution has sustained the expansion of...

March 29, (THEWILL) – The Central Bank of Nigeria (CBN) has announced a minimum share capital of N10 billion, a non-refundable application fee of N100,000 and a non-refundable licencing fee of N1 million among other requirements for registration of...

March 23, (THEWILL) – The Nigerian Senate on Wednesday, confirmed seven nominees named as members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report by...

March 22, (THEWILL) – The House of Representatives has directed the Central Bank of Nigeria (CBN), to enforce the use of coins as a legal tender to tackle price inflation and stabilise the economy. The resolution was passed during plenary session...