CBN

Govt Denies Minting Cash For March Allocation

BEVERLY HILLS, April 11, (THEWILL) - The Central Bank of Nigeria (CBN) has denied knowledge of Nigeria printing billions of naira last month to cushion its financial troubles. This was after the Edo State Governor, Godwin Obaseki, alleged that Nigeria printed...

Anchor Borrowers’ Programme: CBN Moves to Avert 2m Job Losses  

BEVERLY HILLS, April 11, (THEWILL) - To save over two million jobs and avert threats to about N200 billion projects nationwide, the Central Bank of Nigeria (CBN) has ordered the suspension of all facilities under the Anchor Borrowers’ Programme (ABP)...

CBN Gets Court Order to Freeze 193 Accounts For Forex Fraud 

BEVERLY HILLS, April 09, (THEWILL) – The Central Bank of Nigeria (CBN) has secured the orders of the Federal High Court, Abuja to freeze 193 corporate and individual bank accounts, pending the outcome of investigations into  allegations of foreign exchange...

CBN Maintains Lending Rate At 11.5%

BEVERLY HILLS, March 23, (THEWILL) – The Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC) has retained the Monetary Policy Rate at 11.5 percent. The CBN Governor, Godwin Emefiele, disclosed this after the committee’s two-day meeting in Abuja...

Reps Summon Army Head, CBN Governor On ‘Missing’ Arms Funds

BEVERLY HILLS, March 22, (THEWILL) – The Chief of Army Staff (CoAS), Lieutenant General Ibrahim Attahiru, and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, have been summoned to appear before an ad-hoc committee of the House...

Reps Wade Into Banks Vs Telcos N42bn Rift, As CBN Fixes New Charges For USSD Services

BEVERLY HILLS, March 16, (THEWILL) – The Central Bank of Nigeria (CBN) has fixed new charges for customers using the Unstructured Supplementary Service Data services (USSD). The apex bank said, taking effect from Tuesday, customers would pay a flat fee...

InfraCorp Promoters Extend Deadline For Expression Of Interest For Asset Managers

BEVERLY HILLS, March 15, (THEWILL) - The deadline for Expression Of Interests (EOIs) for receipt of final proposals in response to the detailed Request for Proposal (RfP) from qualified asset managers active in the infrastructure sector to manage the Infrastructure...

Fidelity Bank Keys Into CBN’s New Policy On Diaspora Remittance Inflows

BEVERLY HILLS, March 11, (THEWILL) - Fidelity Bank has restated support for the Central Bank of Nigeria's (CBN) efforts to engender sustainable economic development by improving Diaspora remittances and foreign exchange (FX) inflows into the country. The Bank's CEO, Nneka...

CBN Disburses ₦300bn COVID-19 Relief To 76 Manufacturers

BEVERLY HILLS, March 06, (THEWILL) - The Central Bank of Nigeria (CBN) has disclosed that it has disbursed about ₦300 billion to 76 manufacturing companies from the ₦1 trillion facilities set up in April last year, in a bid to...

CBN Orders Banks To Open Automatic Dollar Accounts For Receivers Of Inflow Remittances

BEVERLY HILLS, February 18, (THEWILL) - The Central Bank of Nigeria (CBN) has directed commercial banks to open new dollar accounts with offshore lenders for receiving international money transfers. The directive, according to a statement by WorldRemit (an International Money Transfer...
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Fans Mark Three Years Of Burna Boy’s “I Told Them…”, Call It ‘Classic’

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