Central Bank of Nigeria

November 22, (THEWILL) - In a bid to reduce inflationary pressures, the Central Bank of Nigeria (CBN), has raised its benchmark interest rate, known as Monetary Policy Rate (MPR), for the fourth time in 2022 by 100 basis points...

November 17, (THEWILL) - As part of efforts to ensure Nigerians return the old naira notes, the Central Bank of Nigeria (CBN), has directed all commercial banks in the country to work on Saturdays, till January 31, 2023. The apex...

November 16, (THEWILL) - The Nigerian Senate has expressed its support for the policy of the Central Bank of Nigeria (CBN) to redesign some naira notes. The CBN had on October 26, announced plans to redesign the N200, N500 and...

November 11, (THEWILL) - The first phase of the Central Bank of Nigeria-led rehabilitation of the National Arts Theatre, Iganmu, Lagos, has been completed and is set to host the United Nations World Tourism Organisation and Federal Government of...

November 02, (THEWILL) - Edo State governor, Godwin Obaseki, has described the proposed plan by the Central Bank of Nigeria (CBN) to redesign naira notes as political, noting that the move was a ploy by the All Progressives Congress-led...

November 02, (THEWILL) - eNaira has recorded 700,000 transactions valued at N8 billion since its inauguration on October 25, 2021, Central Bank of Nigeria governor, Godwin Emefiele, said on Wednesday. Emefiele spoke at the 28th edition of the apex bank’s...

October 30, (THEWILL) - President Muhammadu Buhari has thrown his weight behind the decision of the Central Bank of Nigeria (CBN), to redesign and reissue new Naira notes. The CBN Governor, Godwin Emefiele, had on Wednesday, said that the apex...

October 29, (THEWILL) - Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has commended the apex bank on its ongoing process to redesign the N200, N500 and N1000 notes. Moghalu in a statement on Saturday, advocated...

October 28, (THEWILL) - The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has disassociated her ministry from the planned move by the Central Bank of Nigeria (CBN), to redesign the naira even though President Muhammadu Buhari approved...

October 21, (THEWILL) - The Central Bank of Nigeria (CBN) has unveiled a programme of events to commemorate the first anniversary of the launch of Africa’s First Central Bank Digital Currency (CBDC), the “eNaira”. The eNaira was formally launched on...