CBN

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...

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...