Central Bank of Nigeria

June 03, (THEWILL) - Dr Isa AbdulMumin has been confirmed as the substantive director, Corporate Communications of the Central Bank of Nigeria (CBN). AbdulMumin was in February appointed the acting director of the department, taking over from Mr Osita Nwanisobi,...

June 01, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked reports that it has devalued the Naira. A news outlet has reported that the CBN had devalued the naira to N631 to the dollar from N461.6, adding that...

May 27, (THEWILL) - The Central Bank of Nigeria (CBN) has issued procedures on how individuals can set up a profile on the new digital financial literacy platform called SabiMONI. Last week, the apex bank Deputy Governor, Aishah Ahmad, announced...

By Felix ifijeh May 27, (THEWILL) - The Nigerian Senate has in an emergency plenary session on Saturday, amended the Central Bank of Nigeria (CBN) Act. Senate Leader, Abdullahi Gobir, who read the lead debate on the bill, said the...

May 23, (THEWILL) - The Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of...

May 22, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has commended the Dangote Group for establishing a reputation for credit worthiness. He also disclosed that a huge portion of the commercial loans extended to the group...

Investors in Nigeria’s second-oldest bank, Union Bank of Nigeria Plc, have expressed dismay over the planned delisting of the 106-year-old financial services institution from the Nigerian Exchange, emphasising that the action smacks of poor corporate governance. The Tier-2 bank had...

May 18, (THEWILL) - The Central Bank of Nigeria (CBN) has modified the operating guidelines for the RT200 Non-Oil Export Rebate scheme as contained in its earlier circular of February 25, 2023. The Bank said in a circular released Thursday...

May 18, (THEWILL) - A member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), Edward Adamu, has said that the sterilisation of banks’ funds under the Cash Reserve Ratio (CRR) policy of the CBN should be...

May 16, (THEWILL) - The Central Bank of Nigeria (CBN), on Monday unveiled an e-learning platform, SabiMONI, to promote financial literacy and to deepen financial inclusion. Speaking at the ceremony, the CBN Governor, Mr Godwin Emefiele, said that the platform...