CBN

October 14, (THEWILL) - The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to report the Bank Verification Number (BVN) of a deceased customer to Nigeria Interbank Settlement System (NIBSS) within 24 hours of confirmation, warning...

October 08, (THEWILL) -The Central Bank of Nigeria (CBN) has called on Nigerians to embrace its digital currency, eNaira, saying operation of the currency is safe, easily accessible, digitised and could be accessed through banks and other payment service...

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...