CBN

Editorial

THEWILL EDITORIAL: Curbing Expanding e-Payment Frauds

THEWILL_ -
June 21 (THEWILL) —The Central Bank of Nigeria (CBN) has indicated that between 2020 and 2025, banks and their customers experienced a combined loss of N134.48 billion due to fraud, which highlights the increasing security concerns within the nation’s...
News

Fraudsters Steal ₦134bn From Banks, Customers In Six Years As Digital Payments Expand – CBN

Felix Ifijeh, THEWILL -
June 19 (THEWILL) — Banks and their customers lost a combined ₦134.48bn to fraud between 2020 and 2025, underscoring growing security challenges within Nigeria’s rapidly expanding digital payments ecosystem, according to the Central Bank of Nigeria. Data contained in the...
Business

CBN Raises Treasury Bills Rates, Allots ₦1.49trn As Investors Flock To One-Year Paper

Ogochukwu Onwaeze, THEWILL -
June 18 (THEWILL) — The Central Bank of Nigeria (CBN) allotted ₦1.49 trillion at its June 17 Treasury Bills (NTB) primary market auction, raising stop rates across all three maturities as investors sought higher yields amid persistent inflationary pressures.       Auction...
Business

CBN Tightens Oversight, Orders Banks, Fintechs To Reveal Beneficial Owners, Localise Data By 2027

Ogochukwu Onwaeze, THEWILL -
June 17, (THEWILL) — The Central Bank of Nigeria (CBN) has unveiled sweeping regulatory measures requiring banks, fintechs and other payment service providers to disclose their ultimate beneficial owners, localise payments transaction data, and comply with new market share...
Business

Nigeria’s External Reserves Gain Over $1bn In Two Weeks, Cross $50.8bn

Ogochukwu Onwaeze, THEWILL -
June 17, (THEWILL) — Nigeria’s external reserves increased by more than $1 billion in the first half of June 2026, extending the gains recorded in May and strengthening the country’s foreign exchange buffers. Data from the Central Bank of Nigeria...
Business

CBN Unveils Revised Guidelines to Strengthen Financial Holding Companies’ Regulation

Ogochukwu Onwaeze, THEWILL -
June 12 (THEWILL) — The Central Bank of Nigeria (CBN) has released a draft of revised guidelines for the licensing and regulation of Financial Holding Companies (FHCs), seeking comments and recommendations from banks, financial institutions, industry stakeholders, and members...
Business

CBN Raises Overseas Tuition Fee Remittance Limit to $25,000 Per Semester

Ogochukwu Onwaeze, THEWILL -
June 04, (THEWILL) — The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000. The adjustment is contained...
Business

CBN Raises ₦1.46trn In Treasury Bills Auction As Investors Chase Higher Yields

Ogochukwu Onwaeze, THEWILL -
June 4 (THEWILL) — The Central Bank of Nigeria (CBN) raised ₦1.457 trillion at its June 3 Treasury Bills (NTB) auction after increasing stop rates across all tenors, despite attracting subscriptions more than double the amount offered. Auction results released...
Entertainment & Society

CBN Approves Abbey Mortgage Bank’s Transition To Commercial Banking

Ogochukwu Onwaeze, THEWILL -
June 3 (THEWILL) — Abbey Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to transition from a primary mortgage bank to a commercial bank, marking a significant milestone in the institution’s growth strategy. The lender...
Business

Cardoso Reshuffles CBN Leadership, Appoints Ikeazor to Oversee Monetary Policy

Ogochukwu Onwaeze, THEWILL -
June 02, (THEWILL) — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reassigned the responsibilities of the institution’s four deputy governors in a strategic leadership reshuffle aimed at aligning the bank’s expertise with its evolving priorities. Under...
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Latest News

NewsFelix Ifijeh, THEWILL -

Insecurity: Islamic Council Backs State Police, Rejects Claims Of Christian Genocide in Nigeria

Led by the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar, the council said decentralised policing could strengthen Nigeria’s response to insecurity if the reform is anchored on professionalism, impartiality, accountability, sustainable funding and respect for fundamental rights.
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