CBN

June 17, (THEWILL) — Nigeria’s external reserves increased by more than $1 billion in the first half of June 2026, extending the gains recorded in May and strengthening the country’s foreign exchange buffers. Data from the Central Bank of Nigeria...

June 12 (THEWILL) — The Central Bank of Nigeria (CBN) has released a draft of revised guidelines for the licensing and regulation of Financial Holding Companies (FHCs), seeking comments and recommendations from banks, financial institutions, industry stakeholders, and members...

June 04, (THEWILL) — The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000. The adjustment is contained...

June 4 (THEWILL) — The Central Bank of Nigeria (CBN) raised ₦1.457 trillion at its June 3 Treasury Bills (NTB) auction after increasing stop rates across all tenors, despite attracting subscriptions more than double the amount offered. Auction results released...

June 3 (THEWILL) — Abbey Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to transition from a primary mortgage bank to a commercial bank, marking a significant milestone in the institution’s growth strategy. The lender...

June 02, (THEWILL) — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassigned the responsibilities of the institution’s four deputy governors in a strategic leadership reshuffle aimed at aligning the bank’s expertise with its evolving priorities. Under...

June 02, (THEWILL) — The Central Bank of Nigeria (CBN) is set to face renewed liquidity management challenges in June 2026 as an estimated N10.90 trillion is expected to flow into the financial system, driven largely by the maturity...

June 1 (THEWILL) — The Central Bank of Nigeria (CBN) has launched the Nigeria Payment System Vision (PSV) 2028, an ambitious roadmap aimed at raising financial inclusion to 95 percent of the adult population and strengthening the country’s position...

June 1 (THEWILL) — Nigerian banks increased their lending to the Federal Government by ₦15.66 trillion over the past year, highlighting a growing preference for public-sector exposure amid weaker credit growth to businesses and households. According to the Central Bank...

May 27, (THEWILL) — The Central Bank of Nigeria’s decision to retain the Monetary Policy Rate (MPR) at 26.5 percent is expected to sustain strong investor appetite for commercial papers (CPs), while keeping borrowing costs elevated for corporates seeking...