CBN

October 01, (THEWILL) - The Central Bank of Nigeria (CBN) has explained the reason for the postponement of the planned launch of the digital currency, eNaira. The launch, which was initially scheduled for October 1, has been deferred indefinitely. The apex bank’s...

September 21, (THEWILL) - The Central Bank of Nigeria (CBN) has faulted calls from certain quarters for the resignation of the CBN Governor, Godwin Emefiele, over issues relating to the exchange rate of the naira. Spokesman of the CBN,  Osita...

September 17, (THEWILL) - The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the country’s monetary policy rate (MPR) for another period. This was disclosed by the Governor of the CBN, Godwin Emefiele,...

September 11, (THEWILL) - The Central Bank of Nigeria (CBN) has denied rumours it plans to convert monies in the domiciliary accounts of bank customers to naira to check the shortage of US dollars in the country. In a press...

September 04, (THEWILL) - The Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the Director, Corporate Communications Department. Operating in acting capacity since October 2020, when his predecessor, Isaac Okorafor, retired, Nwanisobi now has...

August 26, (THEWILL) - The Central Bank of Nigeria (CBN) has threatened to institute criminal prosecution against any defaulter of the new foreign exchange policy. The threat is contained in a syndicated email sent by  deposit banks to their customers....

August 21, (THEWILL) - The Central Bank of Nigeria (CBN) says it will sanction microfinance banks (MfBs) found to be engaged in activities that are beyond their mandate of non-wholesale banking. The CBN explained in a circular to all MfBs...

August 19, (THEWILL) - The Federal High Court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze 86 accounts of some companies and individuals allegedly involved in fraudulent foreign exchange activities. The request, granted by...

August 17, (THEWILL) - The Central Bank of Nigeria (CBN) has warned that abusers of naira notes will be prosecuted by the financial regulator in collaboration with other regulatory bodies. The warning, according to the CBN, was necessitated by the activities...

August 12, (THEWILL) - The Central Bank of Nigeria (CBN) says it will impose stiff sanctions on individuals and corporate bodies, including banks, that violate the newly introduced foreign exchange policy. It also disclosed that the forex process has been...