CBN

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...

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...