CBN

March 21, (THEWILL) – The Central Bank of Nigeria (CBN) has extended to February 2023, the cut on all intervention facilities from nine to five percent per annum. The regulatory forbearance meant to allow banks to restructure loans given to...

March 15, (THEWILL) - The Central Bank of Nigeria (CBN), has introduced cash collection centres, known as Bank Neutral Cash Hubs (BNCH), to be established by registered processing companies or Deposit Money Banks (DMBs), based on business needs. The hubs...

The volatile nature of forex availability in the Nigerian economy exposes its dysfunctions. This comes as a result of the nation’s over dependence on imports and the height of structural deficiency in the economy. Nevertheless, when it comes to achieving...

The Central Bank of Nigeria (CBN) has published the implementation guidelines for the ‘RT200 FX’ programme it unveiled on February 10, 2021. The ‘RT200 FX’ stands for the “Race to $200 billion in Forex Repatriation.” It constitutes a blueprint...

February 27, (THEWILL) - The Central Bank of Nigeria (CBN) has published guidelines for the implementation of the RT200 FX Programme introduced on February 10 to enhance repatriation of non-oil export proceeds and boost market liquidity. In a circular entitled...

February 20, (THEWILL) - The Central Bank of Nigeria’s intervention in healthcare comes across as a critical juncture in the effort to fast-track Nigeria’s socio-economic advancement. Of the bank’s 37 intervention schemes, amounting to N4.2 trillion (both executed and...

February 18, (THEWILL) - The Central Bank of Nigeria (CBN) has opposed plans by the senate to enact new anti-money laundering laws without required amendments on the existing Money Laundering (Prevention) Act 2011. Similarly, the Economic and Financial Crimes Commission...

February 10, (THEWILL) - The Central Bank of Nigeria (CBN), has unveiled a foreign exchange revenue expansion scheme called RT200 FX  Programme. The programme, which stands for the “Race to US$@00 billion in FX Repatriation”, was announced Thursday by the...

February 07, (THEWILL) - The Central Bank of Nigeria (CBN) has debited fourteen banks a total of N356.1bn for failure to meet Cash Reserve Requirement (CRR) requirement. The debit is the first suffered by banks in the new year, 2022. The affected...

February 03, (THEWILL) - The Central Bank of Nigeria has disbursed a total of N23.2bn to 28 companies that qualified for 100 for 100 Policy for Production and Productivity (PPP). The maiden disbursement follows the launch of the 100 for...