Central Bank of Nigeria

Two Feared Killed As Naira Swap Protest Rocks Benin City

February 15, (THEWILL) - At least two persons are feared dead following protests that rocked Benin City, the Edo State capital, on Wednesday. The protests erupted as the cash crunch occasioned by the new cash policy of the Central Bank...

Council of State Backs CBN’s New Cashless Policy

The National Council of State has backed the redesigned Naira Policy of the Central Bank of Nigeria (CBN). The Council, however, urged the Central Bank of Nigeria (CBN) to either intensify the printing of new notes or recirculate the old...

Ondo Sues FG, CBN Over Cash Withdrawal Limit

February 10, (THEWILL) - The Ondo state government has filed a suit against the Federal Government and the Central Bank of Nigeria (CBN), at the Supreme Court, over the cash withdrawal limit set by the apex bank. A statement signed...

Council Of State Backs CBN’s New Cashless Policy

February 10, (THEWILL) - The National Council of State has backed the redesigned naira Policy of the Central Bank of Nigeria (CBN). The Council, however, urged the Central Bank of Nigeria (CBN) to either intensify the printing of new...

CORRIGENDUM: Supreme Court Order on Naira Irrelevant, Non-binding, February 10 Deadline Stays – Legal Opinion

February 08, (THEWILL) - The Supreme Court ruling restraining the federal government from implementing the February 10, 2023 deadline phase out of the old N1000, N500, and N200 notes is irrelevant, non-binding and a distraction, according to a legal...

Cash Crunch: CBN Disburse Over N1bn To Edo Banks In Three Days As Govt Calls For Calm

February 07, (THEWILL) - The Central Bank of Nigeria (CBN) had said that over a billion naira has been disbursed to Edo State in a span of three days to cushion the hardship faced by customers in accessing redesigned...

Currency Redesign: Obi Urges Nigerians To Be Patient With CBN, Says Policy Has Long-Term Benefits

February 05, (THEWILL) - The Presidential candidate of the Labour Party (LP), Peter Obi, has urged Nigerians to be patient with the Central Bank of Nigeria (CBN), over the redesigned currency. In a series of posts published on his verified...

Queuing Up: New Way of Life For Nigerians

Waking up as early as 4, 5 am has become a way of life for most Nigerians as they Indian-file to banks for unavailable cash, to filling stations for hard-to-get fuel and to designated INEC collection centres for PVCs...

THEWILL EDITORIAL: Naira Re-Design Fallout And Matters Arising

The accelerated drive for a cashless economy emanating from the Naira re-design policy announced by the Central Bank of Nigeria (CBN) on October 26, 2022 appears to have run into murky waters. The socio-economic crisis being experienced in...

BREAKING: IGP Orders Arrest, Prosecution Of Persons Selling, Abusing Naira Notes 

February 03, (THEWILL) - The Inspector-General of Police (IGP), Usman Alkali Baba, has ordered the arrest and prosecution of all individuals engaged in the sale or abuse of the Naira notes issued by the Central Bank of Nigeria. The IGP,...
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Over 10,000 Nigerians Killed, Hundreds Of Villages Sacked By Gunmen Under Tinubu – Amnesty

Amnesty International says at least 10,217 people were killed in attacks by gunmen across seven states during the...
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