Central Bank of Nigeria

Banks’ USSD Debt Hits N80bn ― ALTON

September 29, (THEWILL) – The Association of Licenced Telecommunications Operators of Nigeria (ALTON), has said that banks’ Unstructured Supplementary Service Data (USSD) debt has increased to N80 billion from N42 billion reported in 2021. The President of ALTON, Gbenga Adebayo, disclosed...

Bill To Whittle Powers Of CBN Gov Scales Second Reading At Senate

September 27, (THEWILL) – A bill to whittle down powers of the Central Bank of Nigeria (CBN) Governor, on Tuesday, scaled second reading in the Senate. The bill was sponsored by the lawmaker representing Kwara North Senatorial District, Senator Sadiq...

CBN Raises Interest Rate To 15.5%

September 27, (THEWILL) – The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), also known as the interest rate, from 14% to 15.5%, as a way of tackling inflation. This was disclosed on Tuesday, by the...
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Captives In Minefield: Kidnappers Turn Forests Into Death Traps As Woman Gives Birth In Captivity

The developments emerged from two separate kidnapping incidents involving prospective National Youth Service Corps (NYSC) members travelling to orientation camps in the South-East and South-South, and farmers abducted from their fields in Niger State.
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