CBN

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...

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...

BEVERLY HILLS, February 18, (THEWILL) - The International Monetary Fund (IMF) has confirmed that some cryptocurrencies were being used for money laundering and drug trafficking. Taking a similar stance on cryptocurrency as the Central Bank of Nigeria (CBN), the IMF cautioned...

BEVERLY HILLS, February 14, (THEWILL) - The Nigerian government says it will convert the N10 trillion loans it owes the Central Bank of Nigeria (CBN) into a 30-year bond. The ‘indebtedness’ to the CBN was largely by Ways and Means advances...

BEVERLY HILLS, February 08, (THEWILL) - A joint operation of the Lagos and Edo commands of the Nigerian police has apprehended the mastermind behind a syndicate group impersonating the Central Bank of Nigeria (CBN) to defraud unwary members of...

BEVERLY HILLS, February 07, (THEWILL) - The Central Bank of Nigeria, CBN has reacted to the comments, doubts and criticisms that trailed its recent regulatory directive to Deposit Money Banks, DMBS, to desists from transacting in and with entities...

BEVERLY HILLS, January 23, (THEWILL) - The Central Bank of Nigeria (CBN) has instructed that all exporters with unrepatriated export proceeds should be barred from accessing all banking services by 31st January 2021. The CBN gave the directive in a circular...

BEVERLY HILLS, January 21, (THEWILL) - Former beneficiaries of the N-Power scheme can now access job opportunities created for members of the scheme, the federal government has announced. Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq,...

BEVERLY HILLS, January 19, (THEWILL) - The Central Bank of Nigeria, CBN, disbursed a total of N10 billion to Kano business firms affected by the pandemic, as part of the Bank’s intervention initiative to save the economy. The disbursements...

- As FG Auctions N150bn Bond BEVERLY HILLS, January 17, (THEWILL) - Ahead of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) first meeting in 2021, scheduled for this week, experts have predicted that the Committee will decide to...