CBN

BEVERLY HILLS, December 29, (THEWILL) - President Buhari on Tuesday directed the Central Bank of Nigeria to stop giving funds to anyone who is involved in the importation of foods into the country. Speaking at the fifth regular meeting with the...

SAN FRANCISCO, December 27, (THEWILL) - The Central Bank of Nigeria has disclosed the eligible beneficiaries and businesses/activities for the N75 billion Youth Investment Fund it recently launched. The Federal Executive Council approved the establishment of the fund for three years...

SAN FRANCISCO, December 27, (THEWILL) - The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month. The apex bank made...

BEVERLY HILLS, December 20, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the licenses of 42 microfinance banks in the country and has subsequently closed them. The Nigeria Deposit Insurance Corporation (NDIC) while disclosing this in a statement yesterday...

SAN FRANCISCO, December 19, (THEWILL) - The sustaining grip of the tight monetary regime resonated across the segments of Nigeria’s financial market in the just concluded week. The Central Bank of Nigeria (CBN) has opted for tight policies option...

BEVERLY HILLS, December 16, (THEWILL) - Nigeria's foreign reserves have dropped to $34.85 billion as of December 14. The country’s foreign reserves last suffered its lowest descent in April when it dropped to $33.4 billion following the COVID-19 pandemic and...

SAN FRANCISCO, December 11, (THEWILL) - The Central Bank of Nigeria (CBN), has sold N4.1 trillion worth of the instrument in the money market following last week’s introduction of 90-day special bills. The instrument is expected to avail the monetary authority...

SAN FRANCISCO, June 17, (THEWILL) - Freeze shares his thoughts on the impatience of Nigerians to let the government officials they vote in do their work. This comes on the heels of the recent floating of the Naira by the...