CBN

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...

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...