Central Bank of Nigeria

April 20, (THEWILL) - Access Holdings Plc has announced the release of its audited financial statements for the year ended 31st December 2022, showing a 43 percent surge in gross earnings to N1.39 trillion from N971.89 billion reported in...

Africa’s Global Bank, United Bank for Africa (UBA) Plc reported a profit surge of 29.1 per cent in the first quarter of 2023. The series of rate hikes by the Central Bank of Nigeria (CBN) helped strengthen interest income...

April 12, (THEWILL) - The International Monetary Fund (IMF) Financial Counsellor and Director of the Monetary and Capital Markets Department, Tobias Adrian, has predicted that interest rates may remain high for some time as central banks battle with risks...

The real sector development initiatives of the Central Bank of Nigeria (CBN) were introduced to stimulate and sustain growth in key sectors of the economy, revive moribund sectors, empower the youth population, explore the untapped potential in various economic...

Following an aggressive diversification course championed by the Central Bank of Nigeria (CBN), the country earned a total of $22.6 billion (N8.8 trillion) from non-oil exports between 2019 and 2022, data by the National Bureau of Statistics (NBS) have...

March 29, (THEWILL) - The Senate on Wednesday urged the Central Bank of Nigeria (CBN) to liaise with commercial banks in Oron Local Government Area of Akwa Ibom State to resume operations. This followed the stoppage of banking activities as...

A large number of micro, small and medium enterprises (MSMEs) have migrated to the cashless ecosystem amid scarcity of Naira notes. The development has accentuated the 95 percent Financial Inclusion target of the Governor of Central Bank of Nigeria,...

March 25, (THEWILL) - Former President Olusegun Obasanjo has condemned what he described as the “persistent” discrimination against Nigerians from the south-eastern region. Speaking at an event to commemorate the one-year anniversary of Anambra State Governor, Charles Soludo, in office,...

March 08, (THEWILL) - The Central Bank of Nigeria (CBN) has issued operational guidelines for Open Banking in Nigeria. In a circular referenced: PSM/DIR/PUB/CIR/001/043 and dated March 7, 2023, the apex bank said the guidelines would create greater access to...

Myriads of lessons have been learnt from the cash swap and currency redesign experiment in Nigeria in the past few months. As much as a currency redesign should be a routine function of the Central Bank in any country,...