CBN

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...

August 03, (THEWILL) - The Central Bank of Nigeria (CBN) on Tuesday issued new guidelines for the establishment and regulation of Payments Service Holding Companies (PSHCs) in Nigeria. The apex bank, in a circular issued by its Director, Payments System...

July 27, (THEWILL) - The Central Bank of Nigeria (CBN) will no longer sell foreign exchange to Bureau De Change (BDC) operators in the country. Additionally, the apex bank has also discontinued the issuance of new licences to new entrants...

July 24, (THEWILL) - The Central Bank of Nigeria (CBN) has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks (DMBs) as well as other financial institutions under its supervision. The apex bank gave the assurance ahead of...

July 14, (THEWILL) - The N15 trillion Infrastructrural Corporation of Nigeria Limited (InfraCo) will begin operations in the third quarter of this year, the Central Bank of Nigeria (CBN) announced on Tuesday. CBN Governor, Godwin Emefiele, who announced this during an...

June 23, (THEWILL)- The Central Bank of Nigeria (CBN) and the Rice Farmers Association of Nigeria (RIFAN) have concluded plans to distribute 27,000 metric tonnes of rice paddies directly to millers nationwide from Thursday. The direct allocation from RIFAN warehouses...

June 11, (THEWILL)- The Central Bank of Nigeria (CBN) says it will launch its own digital currency before the end of 2021. Digital currency is a form of currency that is available only in electronic form. Cryptocurrencies such as Bitcoin...

June 11, (THEWILL)- The Central Bank of Nigeria (CBN)  has issued stern warnings against spraying, selling and mutilation of naira notes, practices it says can land perpetrators in jail. Expressing worry over the act, which it said is becoming common...

A curious revelation was made recently by the Central Bank of Nigeria when its Acting Director, Corporate Communications, Osita Nwanisobi, declared that the response of the South-East geopolitical zone to the apex bank’s intervention programmes in agriculture was not...